The One Type of House You Should NEVER Buy... (This one sold $200k below listing)

This 2-bedroom house in Reservoir sold for $570,000 — nearly $180,000 below the local median for houses in the suburb. On paper, it ticks every box: freestanding brick house, 343sqm of land, big front and back yard, fresh interior. So why did it sell for the price of a one-bedroom unit? In this video I break down a real Melbourne property listing to show how easy it is to get fooled by "on paper" fundamentals - and why land size and bedroom count don't tell the whole story. We compare it against similar houses and units in Reservoir, then dig into the two hidden factors dragging the price down. If you're researching property in Melbourne's north Reservoir, Preston, Thomastown, Coburg this is a good reminder to always check the map, not just the listing photos, before you fall in love with a property. Not financial advice. General information and opinion only, based on publicly available real estate data. Subscribe for more Melbourne property breakdowns, market analysis, and personal finance content. CHAPTERS 0:00 The house in question 0:48 Why it looks like a golden opportunity 1:31 Comparable examples (houses & units nearby) 2:29 What's actually wrong with it 5:48 My take