A unit located on a lot in 4/RP16591 Reservoir VIC. In this market, it is valued at approximately $310,000. Constructed in 1970, it has 1 bedroom, 1 bathroom.
Yes, it is small. Yes, it needs work. YES! It Is Cheap! A ground floor apartment in every sense. This is where it all starts. If you are looking to move out of home but have limitations, buy what you can afford and this is arguably the cheapest property in the City of Darebin. Investors can't go wrong. Already returning $11,500 per year, it virtually pays for itself. Now factor in the potential for improvement with an inspired renovation and the capital growth benefits that are likely to accrue. And the icing on the cake ... a location that is literally metres from Ruthven Train Station. We all start somewhere! Why not make your start right here?