33 Macartney Street, Reservoir VIC 3073

696m² flat site | station adjacent | four car capacity | redevelopment potential The property is positioned on a substantial 696 square metre flat site directly opposite Ruthven station, offering rare convenience and genuine scope for renovation, extension, or redevelopment. Its four car spaces are a notable functional advantage, exceeding what is typical for a three bedroom house in this part of Reservoir. The land component is the primary driver of value here, and the established residential zoning with no overlays adds flexibility. This property serves best buyers who are confident in either a long term family hold with room to expand or a well considered redevelopment play where the site’s size and location can be fully leveraged. The interior finish level and aspect are not yet confirmed, which may influence how a buyer values the existing house relative to the land. If significant capital expenditure is needed to bring the dwelling to modern standards, that cost should be weighed carefully against the property’s strong positional attributes. The price a buyer settles on will likely reflect a trade off between the convenience of the location and the condition of the building, with the land holding the greater weight in the overall equation.