6/84-86 Howard Street, Reservoir VIC 3073
6/84-86 Howard Street, Reservoir VIC 3073
| 2-bed townhouse | 110mยฒ block | above-average energy | 8% suburb growth | strong auction clearance |
This townhouse occupies a scarce position in the market: a two-bedroom, two-bathroom configuration in a nine-unit complex, where recent three-bedroom sales have cleared above $820,000. For a buyer seeking a lower entry point into a proven location, the smaller footprint offers a genuine discount without sacrificing quality,the property outperforms the state energy average, and the 8% suburb growth signals sustained demand. It best suits a first-home buyer or investor wanting a low-maintenance asset in a 55% owner-occupied suburb, where rental yields at 4.2% are healthy.
The primary risk is the block size: at 110 square metres, there is no land buffer for future subdivision or extension, and the townhouseโs position within a nine-unit complex limits capital growth relative to standalone houses. The auction clearance rate of 66% in the complex suggests competition is present but not overheated, and the price guide sits below recent comparable sales, creating a potential buying window. Hold this property for rental income or as a stepping stone; its energy efficiency and location near schools and transport underpin steady demand, but do not expect outsized land-driven gains.
Detailed Independent Property Report preparedย by PropCred Analyst team forย 6/84-86 Howard Street, Reservoir VIC 3073
Market Insight:
Reservoir presents as a well-established, family-oriented suburb with a balanced mix of housing types. Demand is driven by both families seeking larger homes and investors attracted to consistent rental demand and solid yields. Recent price trends show steady, moderate growth across both houses and units, with a market characterised by healthy sales volumes and reasonable selling periods. Future growth is underpinned by strong transport links and ongoing rental demand, though the market faces constraints from moderate supply pressure and sensitivity to broader economic conditions affecting investor returns.