2/224 Spring Street Reservoir VIC 3073

Two-storey townhouse | 2009 build | 93-95m² block | Lock-up garage | No overlays The buying case for this property rests on its configuration as a rare two-storey townhouse on a compact block with street frontage and a lock-up garage, offering a low-maintenance footprint that appeals to owner-occupiers seeking space separation without land burden. Built in 2009, it avoids heritage or flood overlays, reducing holding risk, and the split-system heating and cooling, polished floors, and upstairs living layout provide a modern, functional interior that competes well against older stock in Reservoir. This property suits first-home buyers or downsizers who prioritise a lock-and-leave lifestyle, as the garage and visitor parking remove a common friction point in inner-suburban townhouses. The primary risk is the block size, which limits future subdivision or extension potential and may constrain capital growth relative to larger allotments in the suburb. The absence of bushfire or flood overlays is neutral but not a differentiator. For a buyer, the opportunity lies in securing a well-maintained, recently built townhouse at a price point below Reservoir’s median house price, offering immediate livability and steady rental demand given the suburb’s 45% renter population. Hold this property as a long-term residence or investment, leveraging its low upkeep and reliable NBN connectivity as supporting, not primary, value.