1/53 Howard Street

Reservoir VIC 3073

73 m²

260 m²

Unit

Currently for sale - view listing

Overview

Classic Red-Brick Character in a Boutique Group of Three

One of only three homes in a boutique group, this classic post-war red-brick residence offers a genuine opportunity for renovators, vision led first home buyers and investors seeking a foothold in one of Reservoir's most convenient locations. Retaining its original classic character, the two-bedroom home is ready for a substantial renovation or modernisation, with clear scope to restore its charm, reimagine the interiors or undertake a full transformation. The current layout offers two bedrooms, one bathroom and two off-street parking spaces. It delivers a timeless aesthetic that is increasingly hard to replicate, the land footprint also provides scope for a future extension or reconfiguration (STCA), giving buyers room to create a truly individual home. For investors, the home also offers immediate flexibility. It has a long-standing rental history of approximately 20 years and is ready to be let as-is while you plan your renovation. This allows you to hold and derive a substantial income before adding significant capital value when the time is right. A formal rental appraisal is available upon request. Location adds further appeal: Reservoir Station is within walking distance for easy commuting into the Melbourne CBD, and the vibrant Broadway shopping and dining precinct is close by. Everyday essentials, local cafes, restaurants and public transport are all within a well-established neighbourhood that continues to attract strong interest from homeowners and investors alike. For buyers ready to take on a substantial renovation, this is a chance to secure an original Reservoir home in a convenient location and transform it into something special. With its classic character, practical accommodation and proximity to the station and Broadway, the potential is clear. A character-filled home, a ready-to-let property and a renovation project with real scope, this is an opportunity to create something individual in the heart of Reservoir.