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Circa: $750k
My local investor has been with me on this property investment journey for four (4) months including the holiday period of December and January. We spent nearly half this period determining which post codes to focus on. After being “gazumped” on a property earlier last week it was a blessing in disguise with this latest investment being cheaper and superior and with a north/south facing aspect. The subject property is nestled in the inner northern suburb of Reservoir, a location rich in history and significance. This suburb is home to Melbourne’s first man-made, engineered, concrete holding water reservoir, originally built to serve a population of 100,000 people—a remarkable feat of infrastructure at the time. The property itself is a post-war, ex-commission home, constructed with solid concrete and tile, featuring three bedrooms. While it retains its classic charm, it requires both internal and external renovations to restore and enhance its full potential. My local investor sought an affordable property with strong prospects for capital growth and cash flow—a place that not only offers immediate value but also holds potential for further development. With the right vision and upgrades, this investment is set to transform into a modern and high-performing asset in one of Melbourne’s evolving suburbs.
Get an expert in your corner.
Tell us your requirements in the short Property Brief to be matched with one of our expert buyers’ agents who specialize in that area. Once you’ve hit send, we will review the Brief and arrange a consultation to discuss your details and the next steps. Please note the first consultation is obligation-free.
Propertybuyer Inner West, South Sydney & CBD
Level 17 Chifley Tower
2 Chifley Square
Sydney NSW 2000
Australia
Suite 2201, Level 22, Tower Two
Westfield Bondi Junction
101 Grafton Street
Bondi Junction NSW 2022
Australia
Level 17 Chifley Tower
2 Chifley Square
Sydney NSW 2000
Australia
Propertybuyer Northern Beaches / Northern Suburbs
Suite 2
47-49 The Centre
Forestville NSW 2087
Australia
Propertybuyer Newcastle / Hunter Valley
4 Orana Crescent
Adamstown Heights
Newcastle NSW 2289
Australia
Suite 3135
3 Parkland Boulevard
Brisbane City QLD 4000
Australia
Propertybuyer Byron Bay & Northern Rivers
718 Goodwood Island Road
Goodwood Island NSW 2469
Australia
Propertybuyer Inner West, South Sydney & CBD
Level 17 Chifley Tower
2 Chifley Square
Sydney NSW 2000
Australia
Suite 2201, Level 22, Tower Two
Westfield Bondi Junction
101 Grafton Street
Bondi Junction NSW 2022
Australia
Level 17 Chifley Tower
2 Chifley Square
Sydney NSW 2000
Australia
Propertybuyer Northern Beaches / Northern Suburbs
Suite 2
47-49 The Centre
Forestville NSW 2087
Australia
Propertybuyer Newcastle / Hunter Valley
4 Orana Crescent
Adamstown Heights
Newcastle NSW 2289
Australia
Suite 3135
3 Parkland Boulevard
Brisbane City QLD 4000
Australia
Propertybuyer Byron Bay & Northern Rivers
718 Goodwood Island Road
Goodwood Island NSW 2469
Australia
The Propertybuyer
Podcast
Fri 14 Mar '25 with Rich Harvey Western Sydney - Outlook and Opportunities |
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Fri 21 Feb '25 with Rich Harvey How does property fit into your overall Financial plan? |
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Fri 7 Feb '25 with Rich Harvey How to Retire on $250k p.a. |
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Fri 24 Jan '25 with Rich Harvey Brisbane Property Market – Trends and Predictions for 2025 |
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Fri 10 Jan '25 with Rich Harvey Melbourne Property Market Outlook 2025 |
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Fri 27 Dec '24 with Rich Harvey How to Finance your Future with Property |
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Listen to many more
podcasts on our
Podcasts page.
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