2/41A Broadhurst Avenue, Reservoir VIC 3073

Boutique block of three | 800m to Ruthven Station | Flood overlay | Private courtyard & secure garage This property presents a competitively rare offering: a low-density villa unit in a quiet block of only three, a configuration increasingly scarce against typical apartment stock. Its genuine proximity to the station and functional layout with private outdoor space positions it strongly for an owner-occupier seeking low-maintenance convenience or an investor targeting the sub-$650k entry point in a transport-linked suburb. The modern inclusions and efficient floor plan serve these profiles effectively, though the flood overlay is a non-negotiable due diligence cost for insurance and finance. The primary decision hinges on the flood overlay, a tangible risk that necessitates immediate specialist assessment and will permanently influence holding costs through elevated insurance premiums. Offsetting this is the commercial logic of securing a smaller, manageable property in a location of demonstrated rental demand, evidenced by the estimated yield. Proceed only with full flood due diligence; if cleared, this property is a hold for either steady rental income or long-term capital growth in a convenience-driven location. Recent sales data is conflicting, with one source indicating a sale at $730,000 in October 2024. This discrepancy requires immediate verification, as a sale at that level would set a compelling benchmark against the current advertised price range, suggesting potential value. Your immediate action is to confirm this sale through authoritative channels to ground your offer strategy.