40 Clingin Street, Reservoir VIC 3073
40 Clingin Street, Reservoir VIC 3073
581m² block in an infill street | 3-bed house vs 4-bed townhouse mismatch | no overlay constraints | school-catchment location | dual buyer demand
The 581m² landholding is considered the strongest feature here, being placed well above the typical compact townhouse lot on the street. Meaningful development and redevelopment options are provided by the residential zoning. No heritage, flood, or bushfire overlays were detected, which reduces a common constraint check. The school catchment is regarded as a genuine draw, with Preston North East Primary close by and Reservoir High assigned. The mixed streetscape allows the property to be presented either as an older house with land upside or as a modern townhouse-style home. It is considered best suited to a buyer who wants land content in an established suburb without paying a premium for a uniform estate.
The conflicting configuration data is a potential concern, so the dwelling form should be verified against title and plans. The block might be viewed as under-developed if the dwelling is older, given the townhouse infill character. Recent improvements could be reflected in value. The overlay-free status may be a positive, though that benefit might be moderated by the mixed streetscape.
Detailed Independent Property Report prepared by PropCred Analyst team for 40 Clingin Street, Reservoir VIC 3073
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
Income Risk
Execution Risk
2
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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.
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PropCred Estimated Value
Comparable Sales: 35 and 37 Clingin Street, Reservoir, combined 1,129m² site sold for $1.62M | Property Price Band: $0.8M–$0.9M | Value Drivers: 581m² land, dwelling configuration, school catchment
Bedrooms
3
Bathroom
1
Parking
2
Land
581m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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