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Overview
Expression Of Interest Closing.
Occupying an impressive approximately 696 square meter allotment, this classic Californian Bungalow offers a remarkable opportunity to renovate, extend, or create a completely new residence in a highly sought-after lifestyle location, subject to council approval (STCA). The home is rich in period character and full of untapped potential, providing an ideal foundation for those wishing to restore its timeless elegance. Its substantial land size and premium position also offer exciting possibilities for a dream home or future redevelopment.
The residence features a charming façade and a wealth of original details, including decorative strap ceilings, etched glass doors, elegant picture rails, a decorative archway, and a beautiful bay window in the lounge. The generous floorplan includes a wide entrance hall, three well-proportioned bedrooms, a central bathroom, a formal living room flowing through to a separate dining room, and an original eat-in kitchen awaiting its next chapter.
Whether you choose to honour the home's rich heritage through a thoughtful renovation or take advantage of the outstanding dimensions to explore new home or redevelopment opportunities (STCA), the possibilities are as compelling as the address itself.
Positioned for exceptional convenience, the property is just footsteps from trams and buses. Nearby amenities include Summerhill Shopping Centre, local parklands, and primary and secondary schools, all within walking distance. Northland Shopping Centre is only moments away, further enhancing the lifestyle appeal of this blue-chip location.
Local Market Insights
In Reservoir, Quiet Listings observed 46 new houses entering the market over the last 30 days, up from 35 during the previous 30-day period, with an average advertised asking price of $1,000,870. The property type mix of listed properties is predominantly Houses at 42%, followed by townhouses (31%), and units (19%). Ray White was the most active agency in this area, representing 30.4% of all new listings in the last 30 days. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Location
Reservoir VIC 3073
Market Insights for Reservoir VIC 3073
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