218 Spring Street, Reservoir VIC 3073

Blossoming with potential on a large 692sqm (approx.) block, an opportunity of a lifetime best describes this value-packed home in an unbeatable lifestyle location.

Located within short walking distance of Reservoir train station, bus services along Spring Street, St Gabriel's Primary School, Reservoir Village shops and cafes and Crispe Reserve, in addition to being within quick and easy reach of Edwardes Lake Park, Regent Village and Preston Market, the astute buyer can extract maximum value from the block and build a collection of luxury townhouses (STCA).

Perfectly liveable (or lettable!) as is with loads of character, the existing three-bedroom brick veneer home enjoys neat and tidy original presentation whilst displaying the charm of a bygone era, along with elegant formal living and dining rooms, relaxed family living, spacious family-sized kitchen, fresh family bathroom, high ceilings, split-system heating/cooling, plenty of off-street parking and a huge grassed backyard with a garden shed and fenced-off area for a large vegetable garden. It's therefore also an attractive option for the young couple keen to move in and make their mark with a stylish upgrade. And as the household grows, there's no reason why you couldn't capitalise on the large backyard by extending the existing residence or building an additional dwelling to lease or sell (STCA).

What an opportunity!