Spot the difference: Twin Reservoir properties hit the market

Spot the difference: Twin Reservoir properties hit the market nmprofetimg 1643
Spot the difference: Twin Reservoir properties hit the market capi 1d69b065d8d7733a1fabb9c655d5c2db 40f383f178f17dd96a40b8b2c25a24e7

Twin Reservoir properties which are former commission houses have hit the market.

Two rundown Reservoir properties have hit the market and look so similar it’s difficult to tell the listings apart.

The almost identical houses at 19 Nisbett St and 14 Clingin St both have three bedrooms, one bathroom and one car space.

They also have the exact same floorplan.

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14 Clingin St, Reservoir has a $680,000-$737,000 price guide.

Spot the difference: Twin Reservoir properties hit the market capi 1d69b065d8d7733a1fabb9c655d5c2db e9346b69bf264c68ec39e05890aaeca4

There’s a $580,000-$620,000 price tag for 19 Nisbett St, Reservoir.

The Clingin St property is on a 622sq m block and has a $680,000-$737,000 price guide, while the Nisbett St home is on slightly less land (581sq m) and has a smaller asking price at $580,000-$620,000.

The former commission houses are being sold through Hockings Stuart Reservoir agent Andrew Montalto.

“We were instructed to sell originally by auction but now it will most likely be through expressions of interest,” he said.

“From my understanding they have been vacant for a while.”

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The living room at 14 Clingin St.

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The living room at 19 Nisbett St.

Mr Montalto said No. 14 had zoning that allowed the block to be developed, while No. 19 would likely be purchased by someone looking to build a family home.

“Reservoir being one of the largest suburbs across Melbourne, we have a different selection of original period homes, a lot of townhouses, units, there are some commission properties there as well,” he said.

“All those markets have been going very well and selling within a short period of time.”

Mr Montalto said despite the “interesting times” and uncertainty brought on by the COVID-19 crisis, there had still be a lot of activity in the market.

He said his agency was postponing some auctions, moving some campaigns to private sales and also using digital platforms to conduct online auctions.

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Even the bathrooms are similar.

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Both properties are in original condition.

Reservoir has a $750,000 median house price, which has jumped 44.2 per cent in the past five years, according to latest realestate.com.au figures.

Units have a $550,000 median in the suburb, a figure which has grown 42.7 per cent in the same time frame.

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