1/199 Purinuan Road, Reservoir VIC 3073
1/199 Purinuan Road, Reservoir VIC 3073
Modern townhouse, Reservoir | dual living zones, master balcony | low-maintenance, family-ready | strong rental demand, no overlay risk
This property presents a competitive buying case within Reservoir’s current market. The dual living zones-formal lounge and open-plan ground floor-are uncommon in a 220 m² townhouse and give genuine separation for families or professionals working from home. The master suite with ensuite and private balcony adds a premium point that typically commands a price advantage in this segment. The absence of bushfire, flood, or heritage overlays removes common negotiation risks and improves financing certainty. The property suits owner-occupiers seeking a move-in-ready home with strong amenity access, and investors targeting low-vacancy rental demand near train and shopping.
The primary risk to verify is the exact car accommodation count, as sources conflict between two and three spaces-this could affect perceived value for multi-car households. Body corporate fees are not disclosed and should be confirmed, as they directly impact holding costs. The 2015 sale at $612,000 for a property within the same complex suggests limited recent sales evidence, so the guide range may rely on broader market comparables rather than direct building history. The opportunity lies in the modern fit-out and low-maintenance design, which reduces immediate capital expenditure and positions the townhouse as a strong competitor against older stock in the area.
Detailed Independent Property Report prepared by PropCred Analyst team for 1/199 Purinuan Road, Reservoir VIC 3073
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
2
Income Risk
2
Execution Risk
1
URL has been copied successfully!
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.
URL has been copied successfully!
PropCred Estimated Value
Bedrooms
3
Bathroom
2
Parking
3
Land
220m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
URL has been copied successfully!