2/12 Mack Street, Reservoir VIC 3073
2/12 Mack Street, Reservoir VIC 3073
3-bed townhouse | north-facing courtyard | double parking | downstairs master | established pocket
This townhouse holds a genuine configuration edge for its age and price point. The downstairs master with ensuite and built-in robe is uncommon in early-2000s infill stock, and it creates practical separation from the two upstairs bedrooms. The north-facing courtyard with perimeter gardens gives it private outdoor space that many comparable townhouses lack, while the single garage plus an extra car space on title is a tangible convenience advantage in a suburb where parking can be tight. It sits in a small enclave of similar dwellings, which tends to attract owner-occupiers rather than investors, and the tenure profile suggests people stay. That stability supports both liveability and resale appeal. The finish level—granite tops, stainless appliances, ducted heating and split-system cooling—is solidly mid-range, not premium, but it is well-considered for everyday living. This property suits a couple, downsizer, or young family wanting a low-maintenance home with genuine outdoor space, good transport access, and a layout that works for different household stages.
The bathroom count inconsistency across sources may affect how the property is presented in comparisons, and a buyer should confirm the actual configuration during inspection. The 161 m² lot is modest, so outdoor space is functional rather than expansive, and the established townhouse strip may have more limited privacy or outlook than a detached house. The build age around 2000 means some systems may be approaching renewal, though the described condition suggests no immediate urgency. Rental demand in the pocket appears steady, with mid-4% yield signals nearby, but that is more relevant to an investor than an owner-occupier. The property’s value may be influenced by how the ensuite and double parking are weighted against the smaller land component and the older build era.
Detailed Independent Property Report prepared by PropCred Analyst team for 2/12 Mack Street, Reservoir VIC 3073
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
1
Income Risk
2
Execution Risk
2
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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.
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PropCred Estimated Value
Comparable Sales: 3/2 Mack Street sold $570,000 in Aug 2025; 2/3 Mack Street estimated near $780,000 | Property Price Band: $600,000–$700,000 | Value Drivers: downstairs master layout, north-facing courtyard, double parking provision
Bedrooms
3
Bathroom
1
Parking
1
Land
161m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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