4/64 Broadhurst Avenue, Reservoir VIC 3073

3-bed townhouse in Reservoir | single-level living | 241m² land | auction positioned $790k-$840k This property presents a competitively rare configuration for the Reservoir market, where three-bedroom units and townhouses are less common than detached houses, creating a supply constraint that supports its value proposition. The single-level residence on a 241 square metre land parcel offers a low-maintenance format atypical for the suburb, appealing directly to downsizers or young families seeking ground-floor accessibility without the upkeep of a full block. Its internal features, including ash floorboards and built-in wardrobes, align with modern expectations for a turn-key purchase. The demographic profile of Reservoir, with a balanced spread across age groups, indicates broad rental and owner-occupier demand, making this a versatile holding suitable for either segment. The decision hinges on reconciling the ambiguous parking notation-advertised as two spaces but noted elsewhere as one-which represents a direct risk to both financing valuation and long-term resale liquidity. The absence of data on building age, aspect, and specific finishes necessitates a stringent building inspection to quantify potential capital expenditure. The auction guide sits at the lower end of the estimated value range, suggesting a tactical entry point, but buyers must anchor their bid below $840,000 to preserve equity, as the broader site valuation implies limited subdivision upside. Proceed only as a long-term hold for occupancy or rental, leveraging its scarcity, but withdraw if the parking discrepancy materially affects the usable footprint or if competition pushes the price beyond its inherent utility against nearby alternatives. Recent nearby sales of three-bedroom units and townhouses provide context: 26 Lloyd Ave, 3/23-25 Epstein St, 34 Invermay St, 31 Harbury Rd, 92 Arundel Ave, 4 Dawson St, 20 Ralph St, 3/16 Grimwade St, 1B/1 Liston Ave, 2 Loddon Ave. While specific prices are not detailed, this volume of comparable sales in the area establishes a active market for this property type, giving confidence in liquidity. The listing’s guide range is credible given this transaction activity, but a precise valuation requires confirming the sale outcomes of these specific properties to ensure you are not overpaying for the subject lot.