38D Regent Street, Reservoir VIC 3073
38D Regent Street, Reservoir VIC 3073
This is a two-bedroom, one-bathroom townhouse built in 2016 on a 73-square-metre lot with one secure car space. It is located in Reservoir, within walking distance to Preston Market and the Gilbert Road tram terminus, and sits in the Preston Primary and High School catchments.
What is competitively strong here is the modern build quality and low-maintenance configuration, which is rare for a property under $600,000 in this part of Reservoir. The townhouse was constructed in 2016, so it avoids the maintenance concerns of older stock while offering open-plan living and built-in robes. Its walkability to Preston Market and the tram line gives it a convenience edge that typically appeals to first-home buyers and young professionals. The rental yield, estimated around 5.3 percent, also makes it a viable option for an investor targeting steady cash flow from a modern, tenant-friendly layout. This property sits below the typical price point for newer townhouses in the area, which may reflect its smaller lot size but does not diminish its functional appeal for the right buyer.
What may affect the property’s value is the small 73-square-metre lot, which limits outdoor space and future extension potential. The single bathroom could be a constraint for some buyers, particularly small families or those planning for a longer-term hold. The property’s orientation and specific natural light conditions are not clear from available data, which might influence perceived liveability. Its location near a major market and tram line is generally positive, but noise or proximity to busy roads could be a factor depending on the exact position within the complex. The 2016 construction date means it is newer than much of the surrounding stock, which supports its value, but the lack of recent comparable sales in the immediate area means the price range should be tested against current market conditions.
Detailed Independent Property Report prepared by PropCred Analyst team for 38D Regent Street, Reservoir VIC 3073
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
1
Income Risk
2
Execution Risk
2
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Market Insight
Reservoir presents as a well-established, family-oriented suburb with a balanced mix of housing types. Demand is driven by both families seeking larger homes and investors attracted to consistent rental demand and solid yields. Recent price trends show steady, moderate growth across both houses and units, with a market characterised by healthy sales volumes and reasonable selling periods. Future growth is underpinned by strong transport links and ongoing rental demand, though the market faces constraints from moderate supply pressure and sensitivity to broader economic conditions affecting investor returns.
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PropCred Estimated Value
Bedrooms
2
Bathroom
1
Parking
1
Land
73m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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