1/6 Storey Road, Reservoir VIC 3073
1/6 Storey Road, Reservoir VIC 3073
2-bedroom unit in a shared complex | 929m² land in Darebin | upgraded roof and solar | suited to buyers seeking character and low-maintenance living.
The buying case rests on a 929m² landholding within a multi-dwelling site, which is unusually large for a unit and gives the property a scarcity advantage in Reservoir’s current market. The recently upgraded roof and 6.6kW solar system reduce ongoing costs and improve energy efficiency, making the house more attractive to owner-occupiers or renters. Its position near trams, trains, and local shopping, combined with Reservoir East Primary and Reservoir High school zones, fits a buyer seeking convenience and school access without a full-house commitment. The conservatory and outdoor bath add a distinctive lifestyle element that could differentiate the property in a competitive price bracket.
The main constraint is the unresolved ownership structure and shared arrangements within the complex, which affect financing, insurance, and future outgoings. Body corporate fees and council rates are not confirmed, and the exact renovation scope and internal condition require verification. The price picture remains unclear across sources, so confidence in the guide cannot be formed until comparable sales within the building are clarified. Can the land size be relied upon as a genuine advantage given the shared title, or does it introduce hidden costs that reduce the buying case?
Detailed Independent Property Report prepared by PropCred Analyst team for 1/6 Storey Road, Reservoir VIC 3073
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
Income Risk
2
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
1
Land
929m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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