25 Keon Parade, Reservoir VIC 3073
25 Keon Parade, Reservoir VIC 3073
4-bed family house | 575sqm block | 41% building coverage | quiet Reservoir pocket | near station and schools
This property offers a rare combination of generous land size and low building coverage, meaning a buyer gains immediate family living space with genuine future subdivision or extension potential. The four built-in bedrooms, dual living zones, and two bathrooms make it competitively positioned for families who need room to grow without relocating. Its location in a tightly held pocket near Keon Park station and good school zoning strengthens buyer demand and resale depth.
The main risk is the property’s age and reliance on evaporative cooling and gas heating, which may require near-term upgrades to meet modern efficiency expectations. The recent sale at $825,000 suggests strong competition, but any relisting could indicate a motivated seller,worth verifying agent timelines. For a buyer, holding this house as a long-term family home or land bank in a growth corridor offers clear logic; the low building coverage is the key commercial edge.
Detailed Independent Property Report prepared by PropCred Analyst team for 25 Keon Parade, Reservoir VIC 3073
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
2
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
4
Bathroom
2
Parking
4
Land
575m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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