9 Odowd Street, Reservoir VIC 3073
9 Odowd Street, Reservoir VIC 3073
4-bed family house | 669m² land | renovated bathroom | strong transport links | family buyer focus
A rare combination is offered by this house: a four-bedroom layout and a substantial 669m² land component, in a suburb where much recent stock is smaller townhouse product. The renovated central bathroom is presented as a polished point of difference, and the four-car accommodation is given as an unusual practical advantage for families with multiple vehicles or trailer space. This property is sited in a pocket known for its convenience to rail, bus, and the Broadway and Edwardes Street shopping strips, which widens its appeal beyond pure owner-occupiers. Growing families are best served by this configuration, as both internal space and outdoor room are provided, and everyday amenities are placed within easy reach. The land size itself separates this house from typical infill units, giving it a more substantial presence and arguably stronger long-term appeal.
The value of this property may be influenced by the quality of its internal finishes beyond the bathroom, as well as the condition of the original structure. The four-car accommodation might add value for some buyers but could be seen as less versatile if it is not a proper garage. The market context of nearby townhouse stock might create a perception premium for a larger house, yet the final price could also be moderated by any need for updating in the kitchen or living areas. Buyers should weigh the land content against potential redevelopment or extension opportunities, which may justify a price above the typical family home in the area.
>> Comparable Sales: 3/7 Odowd Street at $850,000; 4 Odowd Street at $1.2M | Property Price Band: $1.1M to $1.2M | Value Drivers: land size, renovated bathroom, four-car layout
Detailed Independent Property Report prepared by PropCred Analyst team for 9 Odowd Street, Reservoir VIC 3073
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
2
Income Risk
2
Execution Risk
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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
Bedrooms
4
Bathroom
1
Parking
7
Land
669m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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