47 Liston Avenue, Reservoir VIC 3073

1950s north-facing 522m² | 26% site coverage | tightly held street | strong renovation potential The property’s competitive strength lies in its generous north-facing allotment with low site coverage, offering rare extension or redevelopment optionality in a tightly held pocket of Reservoir. The original character and functional layout serve owner-occupiers seeking to add value through renovation, while the short walk to Keon Park Station and local amenities supports strong resale demand. This house is best suited to buyers who can look past dated interiors to capture land-bank upside. The primary risk is the 1950s building condition, which may require structural upgrades that erode budget flexibility at the $700k–$750k price point. The absence of heritage overlays and flood risk reduces holding costs, while the 4.3 energy score and reliable NBN add modest but real appeal. For a buyer, the logical play is to renovate incrementally for rental yield or hold for land appreciation in a suburb with 62% owner-occupancy and consistent family demand.