5/755 Plenty Road, Reservoir VIC 3073

2-bed, 2-bath unit | 276sqm internal area | secure parking & storage | near Northland & LaTrobe | no overlays This unit presents a compelling proposition due to its unusually large internal floor plan, which significantly exceeds typical two-bedroom apartment stock, combined with a dual-bathroom layout and secure parking. This configuration targets both owner-occupiers seeking space and investors attracted by the low-maintenance appeal and strong rental yield potential, given its proximity to major amenities and transport. The absence of development overlays simplifies the due diligence process. The primary risk is the discrepancy between the auction guide and the higher estimated value, suggesting either vendor motivation or market skepticism about the premium internal size. The lack of recent comparable sales for such a large unit complicates valuation. Proceed with a disciplined budget anchored to the demonstrable value of the space and configuration, not the price guide. This property is best acquired as a long-term hold, leveraging its functional advantages for rental stability or personal use.