64 Blake Street, Reservoir VIC 3073
64 Blake Street, Reservoir VIC 3073
4-bedroom detached house | established family pocket | land component | off-market in Reservoir | suits owner-occupiers
The property is positioned as a solid four-bedroom detached house in a mature residential part of Reservoir. Its principal strength is the combination of a full four-bedroom configuration with a private land holding, giving it a genuine family-floorplan advantage over the smaller three-bedroom housing commonly found in the area. It is likely to appeal most to owner-occupiers seeking an established house with room to update, or to renovators who value the underlying land and the flexibility of an older footprint. The location is a low-rise, family-oriented pocket with access to schools, transport and local shopping, so the property should attract steady interest from buyers who intend to live in it rather than treat it purely as an investment.
The value outcome might be influenced by the condition of the internal finishes, the state of the kitchen and bathrooms, and the size and orientation of the land. A buyer should weigh how much updating the property may need, because that will set the total cost of occupying it to a modern standard. The layout’s flexibility might also matter, particularly whether the fourth bedroom is genuinely proportional or an added space. Less obvious factors, such as the shape of the block, rear access, or local planning constraints, could shift the price a buyer is willing to offer, so a careful inspection and a check of the council record are worthwhile before forming a final view.
Detailed Independent Property Report prepared by PropCred Analyst team for 64 Blake Street, Reservoir VIC 3073
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
2
Income Risk
2
Execution Risk
1
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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: 56 Blake Street, a 3-bedroom house, sold at $507,000 in 2015 | Property Price Band: $800,000–$900,000 | Value Drivers: four-bedroom layout, land size, condition and presentation
Bedrooms
4
Bathroom
1
Parking
1
Land
610m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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