136 Glasgow Avenue, Reservoir VIC 3073

Brick veneer family home | 899sqm block Reservoir | development potential STCA | below-average energy rating This property’s competitive strength is its 899sqm landholding in a well-located northern suburb, where large blocks are increasingly scarce. The brick veneer house, while modest with one bathroom, offers immediate family accommodation and the flexibility to extend, redevelop, or hold for land appreciation. The location near schools, train stations, and the Ring Road serves owner-occupiers seeking space and convenience, and investors or developers looking at subdivision potential subject to council approval. The price per square metre sits below some comparable sales, suggesting room for value growth if the block’s potential is realised. The key risk is the below-average energy efficiency score of 3.7, which may increase holding costs and reduce appeal to future buyers focused on sustainability. The single bathroom is a functional limitation for a four-bedroom house, potentially narrowing the buyer pool. The auction timeline is short, limiting due diligence time for building and pest inspections. The opportunity lies in the block’s low building coverage, allowing for a dual-occupancy or townhouse development if zoning permits. This property should be held as a long-term land bank or improved incrementally to lift value before resale.