2/40 Eisenhower Street, Reservoir VIC 3073
2/40 Eisenhower Street, Reservoir VIC 3073
3-bed townhouse | 2-car secure parking | Preston border pocket | school catchment position | low-maintenance format
This townhouse sits in a practical, established pocket where newer low-maintenance stock sits alongside older family homes. The three-bedroom, two-bathroom configuration with two car spaces is a functional layout that suits first-home buyers, young couples, and downsizers who want lock-and-leave living without compromising on space. Its position near primary and secondary schools, tram routes, and shopping strips makes it a sensible choice for commuters and families alike. The format is more compact than the larger detached houses in the street, but that is precisely its appeal — less upkeep, more convenience, and a price point that sits comfortably below traditional house stock in the area.
The value picture may be shaped by the townhouse’s internal condition and how it compares to similar low-maintenance dwellings in the immediate pocket. Its proximity to well-regarded schools and public transport likely supports steady demand from both owner-occupiers and investors, which could keep competition healthy at sale time. The absence of a large land component may limit capital growth compared to detached houses, but the rental appeal of a three-bedroom townhouse with parking is generally solid. Buyers should weigh the property’s presentation and any body corporate fees when forming their view on price, as these factors may influence how attractive the townhouse appears relative to other options.
|| Comparable Sales: similar 3-bed townhouses in the area have transacted between $680k–$750k | Property Price Band: $650k–$750k | Value Drivers: condition, layout efficiency, parking provision, school catchment position
Detailed Independent Property Report prepared by PropCred Analyst team for 2/40 Eisenhower Street, Reservoir VIC 3073
Checks found:
Value Risk
Liquidity Risk
Planning Risk
1
Income Risk
1
Execution Risk
2
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Market Insight
Reservoir, a middle-ring Melbourne suburb, pairs a 63% house, 37% unit mix with solid transport links via Mernda and Hurstbridge line stations and ring road access. Demand is led by families and investors, the latter drawn to gross yields of 3.24% for houses and 4.36% for units, alongside strong rental growth: house rents up 5.5% and unit rents 4.8% over the past year. Median house prices are $950,000, with annual growth ranging from 2.1% to 6.7% depending on the measure, while unit medians are $659,000 with growth of 1.7% to 5.86%. Houses transact in 46–51 days, implying moderate supply pressure. Sales volume of 541 houses over 12 months confirms active turnover. Future growth is supported by infrastructure proximity and rental demand; key risks are investor yield sensitivity and inconsistent capital growth across data sets.
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PropCred Estimated Value
Comparable Sales: similar 3-bed townhouses in the area have transacted between $680k–$750k | Property Price Band: $650k–$750k | Value Drivers: condition, layout efficiency, parking provision, school catchment position
Bedrooms
3
Bathroom
2
Parking
2
Land
626m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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