12 Suffolk Street, Reservoir VIC 3073
12 Suffolk Street, Reservoir VIC 3073
New 2023 build | 4 bed 3 bath 2 car | 363m² lot | Ensuite-heavy layout | Infill family house
This is a competitively strong property for Reservoir because it offers the rare combination of brand-new construction, three bathrooms, and two dedicated car spaces on a manageable 363m² block. Most established houses in the suburb are older, single-bathroom stock, so this property stands out as a low-maintenance, move-in-ready family home that suits buyers who want modern finishes without the upkeep of a larger yard. The ducted heating and cooling, floorboards, and intercom suggest a well-appointed interior that aligns with mid-to-upper contemporary townhouse quality. It serves families and upsizers who prioritise convenience, privacy, and multiple living zones over traditional period character.
The value of this property may be influenced by its compact land size relative to typical older houses in the area, which could limit expansion potential or outdoor space for some buyers. The conflicting land records—363m² versus a larger historical parcel—might create uncertainty, but the current footprint appears consistent with a modern infill dwelling. The lack of heritage, flood, or bushfire overlays reduces regulatory risk, while school zoning for Reservoir Primary and William Ruthven Secondary adds practical appeal. Buyers should weigh the benefit of a newer build against the trade-off of a smaller block, and consider how the two-storey layout might suit their lifestyle compared to single-level alternatives.
Detailed Independent Property Report prepared by PropCred Analyst team for 12 Suffolk Street, Reservoir VIC 3073
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
1
Income Risk
2
Execution Risk
2
URL has been copied successfully!
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.
URL has been copied successfully!
PropCred Estimated Value
Comparable Sales: Newer 4-bed townhouses in Reservoir sold $1.1M–$1.2M; recent 2023-built houses nearby $1.2M–$1.3M | Property Price Band: $1.1M–$1.2M | Value Drivers: Modern condition, ensuite-heavy layout, dual parking
Bedrooms
4
Bathroom
3
Parking
2
Land
363m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
URL has been copied successfully!