4/16 Best Street, Reservoir VIC 3073
4/16 Best Street, Reservoir VIC 3073
Quiet rear position | North-facing backyard | Premium finishes | 3 bed 2 bath | Ground-floor bedroom
Positioned privately at the rear of a boutique development, this townhouse is offered with a north-facing backyard and a two-level layout of three bedrooms, two bathrooms, and a remote garage with rear access. The finish is considered above typical stock, with engineered timber flooring, stone benchtops, Smeg appliances, built-in robes, and split-system heating and cooling included. Flexibility is provided by a ground-floor bedroom, which suits families or downsizers. It is best suited to buyers wanting a modern, low-maintenance home in a quiet, family-friendly pocket near Edwardes Lake Park, without the upkeep of a larger detached house.
The value of this property may be affected by its modest land area, which limits expansion but reduces maintenance. The single garage might be viewed as a constraint, though rear roller-door access is given for flexibility. A premium over older stock may be supported by the north-facing courtyard and quality finishes. Only one car space could be considered a limitation for multi-car households. A quiet rear position is usually seen as positive, but the lack of street-facing presence might be judged differently by some buyers.
>> Comparable Sales: 3 Best Street sold $1.177M, 7 Best Street sold $1.310M | Property Price Band: $800K–$900K | Value Drivers: premium finishes, north-facing backyard, flexible two-level layout
Detailed Independent Property Report prepared by PropCred Analyst team for 4/16 Best Street, Reservoir VIC 3073
Checks found:
Value Risk
✓
Liquidity Risk
✓
Planning Risk
✕
2
Income Risk
✕
2
Execution Risk
✕
2
Market Insight
Reservoir, a middle-ring Melbourne suburb, pairs a 63% house, 37% unit mix with solid transport links via Mernda and Hurstbridge line stations and ring road access. Demand is led by families and investors, the latter drawn to gross yields of 3.24% for houses and 4.36% for units, alongside strong rental growth: house rents up 5.5% and unit rents 4.8% over the past year. Median house prices are $950,000, with annual growth ranging from 2.1% to 6.7% depending on the measure, while unit medians are $659,000 with growth of 1.7% to 5.86%. Houses transact in 46–51 days, implying moderate supply pressure. Sales volume of 541 houses over 12 months confirms active turnover. Future growth is supported by infrastructure proximity and rental demand; key risks are investor yield sensitivity and inconsistent capital growth across data sets.
PropCred Estimated Value
Bedrooms
2
Bathroom
2
Parking
1
Land
144m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst