3/37-39 George Street Reservoir VIC 3073

Boutique four-unit block | 1970 build with modern updates | Private courtyard & car space | Prime Reservoir location near schools This unit presents a competitively strong, low-maintenance entry into a high-demand suburb, particularly for first-home buyers or investors. Its private courtyard, recent internal finishes, and single-level layout in a quiet, small complex are rare for the price point in Reservoir, directly serving downsizers and capital-conscious buyers. The absence of development overlays simplifies the purchase, while the 40/60 owner-renter split confirms solid rental demand. Proceed with a disciplined budget anchored to the lower quartile of recent comparable sales, as the 1970 construction demands a thorough building inspection. The 73m² internal area is compact, necessitating efficient use of space. For an investor, the ~4.6% gross yield is sound; for an owner-occupier, it is a cost-effective foothold. This is a hold property for 5-7 years to benefit from area gentrification. Our tailored report validates this price against true market movements and details locality-specific risks for insurance. Recent sales at 37-39 George Street indicate this complex transacts consistently. While one townhouse classification showed a $900k sale, the typical unit value aligns closely with the $530k-$550k guide, supporting the advertised price range as market-reflective.