3/1065 High Street, Reservoir VIC 3073
3/1065 High Street, Reservoir VIC 3073
2 bed unit | 89m² lot | sold $387k | 1979 purchase | below median entry point
This unit at 3/1065 High Street, Reservoir presents as a genuine entry-level opportunity in a suburb where two-bedroom units typically command higher prices. The 89 square metre lot is a competitive advantage for a unit of this age, offering more outdoor space than many comparable properties. Its sale at $387,500 in March 2026 places it well below typical price points for the area, which suggests it may suit first-home buyers or investors seeking lower-cost entry into Reservoir. The 1979 purchase record indicates the building has been established for decades, and while interior condition is unconfirmed from available data, the lot size and configuration are solid foundations for a buyer willing to inspect carefully.
The price achieved may reflect factors that could affect future value—such as the unit’s condition, floor level, aspect, or lack of modern finishes—none of which are confirmed in available records. The building’s age might mean older fixtures or limited amenities, and the absence of rental yield data means income potential cannot be assessed from this information alone. Buyers should verify the unit’s physical state, strata fees, and any upcoming maintenance costs before forming a price view. The sale price being notably below suburb medians could indicate a genuine discount or reflect property-specific constraints that only a physical inspection will clarify.
Detailed Independent Property Report prepared by PropCred Analyst team for 3/1065 High Street, Reservoir VIC 3073
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
1
Income Risk
2
Execution Risk
1
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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
2
Bathroom
1
Parking
1
Land
89m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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