1/129 Boldrewood Parade, Reservoir VIC 3073
1/129 Boldrewood Parade, Reservoir VIC 3073
Corner allotment dual frontage | redevelopment potential STCA | renovated bathroom | active Reservoir market
The property’s primary competitive advantage is its prominent 345m² corner allotment with dual street frontages, offering rare redevelopment optionality in a high-demand suburb. The renovated central bathroom reduces immediate capital outlay, while the original condition elsewhere positions it as a blank canvas for value-add renovation or a potential townhouse site subject to council approval. This configuration best suits builders, investors, or renovators seeking to leverage land value in an area with 240 annual sales and strong owner-occupier demand.
The key risk is the property’s original condition requiring significant renovation expenditure, which may not be fully recouped if the market softens. The dual street frontage, while a development advantage, may reduce private outdoor space and increase exposure to street noise. The buyer’s opportunity lies in securing a corner site at a discount to developed stock, then either renovating for capital growth or pursuing a townhouse development to unlock higher-density value. Hold for medium-term appreciation in a suburb with good amenity and transport links.
Detailed Independent Property Report prepared by PropCred Analyst team for 1/129 Boldrewood Parade, Reservoir VIC 3073
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
1
Income Risk
Execution Risk
1
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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
2
Land
345m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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