2/22 Oconnor Street, Reservoir VIC 3073
2/22 Oconnor Street, Reservoir VIC 3073
3-bedroom townhouse | builder-owned quality | north-facing alfresco | 981m² land holding | strong rental yield
This property offers a rare combination of modern townhouse living on a substantial 981m² parcel, which is competitively strong for buyers seeking both immediate comfort and long-term land value. The builder-owner finish, hardwood floors, stone island kitchen, and north-facing outdoor area deliver a turnkey product that outperforms most new builds in this price tier. The dual living zones, powder room, and secure gardens make it suitable for young families or downsizers wanting single-level flow. Its location within walking distance of Reservoir Primary School and the train station strengthens appeal for owner-occupiers and investors alike.
The primary risk is the land’s configuration,a single townhouse on a large block may limit future subdivision without council approval, which could cap capital growth relative to subdivided sites. Buyers should confirm easements and zoning constraints before bidding. The current rental yield near 3.7% is solid for the area, and the absence of bushfire or flood overlays reduces holding risk. This property is best held as a long-term family home or a low-maintenance investment with land appreciation potential.
Detailed Independent Property Report prepared by PropCred Analyst team for 2/22 Oconnor Street, Reservoir VIC 3073
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
Income Risk
2
Execution Risk
2
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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
3
Bathroom
1
Parking
2
Land
981m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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