1/53 Howard Street, Reservoir VIC 3073

Positioned within a boutique group of just three homes, this classic post-war red-brick unit offers a distinctive blend of original character and renovation potential. Its timeless facade and traditional construction reflect a style increasingly rare in modern developments, providing an opportunity for buyers to restore or transform according to their vision.

The property currently features two bedrooms, one bathroom, and two off-street parking spaces, neatly accommodating practical requirements within a compact 73 square metre building footprint. The 260 square metre land parcel also opens prospects for future expansion or reconfiguration, subject to council approval, allowing owners to enhance both space and value over time.

Investors benefit from the home’s long-standing rental appeal, with a stable rental history spanning approximately 20 years. This income stream can be retained as-is, enabling prudent holding before embarking on substantial improvement works, thus balancing immediate returns with long-term capital growth potential.

Location is a key asset, with Reservoir Station accessible on foot, facilitating easy commuting to Melbourne's CBD, and the vibrant Broadway precinct nearby, offering an array of shops, cafés, and dining options. This well-established area remains popular among homeowners and investors, combining convenience, lifestyle, and steady demand.

For renovators and first home buyers with a creative outlook, the property presents an exciting canvas to reimagine interiors, modernize amenities, and craft a unique home reflective of personal style. Its combination of classic charm, functional layout, and strategic location makes it a compelling prospect in Reservoir's housing market.

• Classic red-brick construction in a small, private group setting
• Two bedrooms and one bathroom within a manageable floor area
• Dual off-street parking spaces, enhancing convenience
• Land size suitable for potential extensions or redesigns (STCA)
• Strong rental history with immediate income potential for investors
• Walking distance to public transport and shopping precincts

This is more than just a property; it’s a chance to secure a character-filled home or an investment opportunity with clear scope to add value in a sought-after location.