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Auction

1/53 Howard Street,
Reservoir 3073, Victoria

2 bedrooms
1 bathroom
2 car spaces
260m² land size
73m² building size
Unit

$550,000 - $600,000

Property Price Statement

Property details

Classic Red-Brick Character in a Boutique Group of Three

One of only three homes in a boutique group, this classic post-war red-brick residence offers a genuine opportunity for renovators, vision led first home buyers and investors seeking a foothold in one of Reservoir's most convenient locations. Retaining its original classic character, the two-bedroom home is ready for a substantial renovation or modernisation, with clear scope to restore its charm, reimagine the interiors or undertake a full transformation.

The current layout offers two bedrooms, one bathroom and two off-street parking spaces. It delivers a timeless aesthetic that is increasingly hard to replicate, the land footprint also provides scope for a future extension or reconfiguration (STCA), giving buyers room to create a truly individual home.

For investors, the home also offers immediate flexibility. It has a long-standing rental history of approximately 20 years and is ready to be let as-is while you plan your renovation. This allows you to hold and derive a substantial income before adding significant capital value when the time is right. A formal rental appraisal is available upon request.

Location adds further appeal: Reservoir Station is within walking distance for easy commuting into the Melbourne CBD, and the vibrant Broadway shopping and dining precinct is close by. Everyday essentials, local cafes, restaurants and public transport are all within a well-established neighbourhood that continues to attract strong interest from homeowners and investors alike.

For buyers ready to take on a substantial renovation, this is a chance to secure an original Reservoir home in a convenient location and transform it into something special. With its classic character, practical accommodation and proximity to the station and Broadway, the potential is clear.

A character-filled home, a ready-to-let property and a renovation project with real scope, this is an opportunity to create something individual in the heart of Reservoir.

All information about the property has been provided to Ray White by third parties. Ray White has not verified the information and does not warrant its accuracy or completeness. Parties should make and rely on their own enquiries in relation to the property.

Due diligence checklist for home and residential property buyers.

Inspections

Auction

Explore the area

School catchments

  • St Gabriel's School Primary Prep-6 Catholic 0.60km
  • Reservoir East Primary School Primary Prep-6 Government 0.87km
  • Reservoir Primary School Primary Prep-6 Government 0.99km
  • St Stephen's School Primary Catholic 1.1km
  • Preston Primary School Primary Prep-6 Government 1.2km

Nearest schools, measured in a straight line from the property. Provided as a guide only; check catchment and enrolment eligibility with the school. School data © ACARA, licensed under CC BY 4.0.

Find out how much home loan repayments will be

It’s important to understand repayment amounts before you apply for a home loan. A Loan Market broker can compare over 100 lenders to find the right loan for you. Use the Loan Market calculator to get a better indication of repayments.

Loan Market Pty Ltd | Australian Credit Licence 390222. All interest rates stated must include "p.a." and the relevant Comparison Rate in full.

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