92 Arundel Avenue, Reservoir VIC 3073

You can't beat choice in a great location, which is why you should look very closely at this two-bedroom, two-bathroom property and its short and long-term potential.

It is not a young home, but inside it has been well-maintained and presented in excellent condition with two bright bedrooms, two large bathrooms, a large open-plan living area overseen by a spacious family-sized kitchen, plenty of off-street parking and a neat and tidy backyard. But with a few aesthetical interventions on your part, you could certainly make a good home great in a sought-after location that's within walking distance of Keon Park train station, bus services, JC Donath Reserve and Johnson Street shops and cafes and only minutes away from local schools and the Metropolitan Ring Road.

Given the immediately liveability of the home, you have time to consider whether you move in and enjoy the current-day picture of comfort, make a tweak or two indoors and be very comfortable and very happy. However, a glance around this street - and surrounding ones - shows gentrification is well and truly a feature of the neighbourhood, and therein lies the true value.

You could therefore opt to redevelop and make way for something very special on the flat 652sqm (approx.) block, which could take the form of two stylish, ultra-modern townhouses, giving you a beautiful new home, an investment property and long-term nest egg - or a quick sale to cover your costs (STCA).

This property certainly works for homeowners with a thing for DIY, or developers with a thing for amazing outcomes. It's therefore a win-win whatever decision you make.

Opportunity rarely knocks more than once, so don't miss your call here.