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Overview
Offered to the market for the first time in many years, this cherished weatherboard residence presents a remarkable opportunity for homebuyers, investors, and developers. Situated on a generous approximately 871 square meter allotment, one of Reservoir's most convenient locations, the prospects here are both exciting and endless.
The home retains its original charm while featuring three well-sized bedrooms, a central bathroom, and a spacious living area abounding in natural light. Well maintained and comfortable throughout, it offers a perfect chance for renovation, leasing while planning your next move, or gradually creating your ideal family home.
The beautifully kept gardens outside are a testament to years of pride in ownership, complemented by an expansive backyard offering rare open space in today's market. Adding to the appeal is a substantial four-car garage that provides exceptional storage, workshop space, or secure parking for multiple vehicles. This makes it perfect for tradespeople, car enthusiasts, or those requiring additional space for hobbies and equipment.
For those with bigger plans, the real value lies in the land itself. With an impressive allotment of approximately 871 square meters, this property offers significant potential for redevelopment or construction of multiple dwellings, subject to council approval. Whether you are an experienced developer or aiming to secure a blue-chip landholding for the future, opportunities of this magnitude and quality are increasingly rare.
Conveniently located within easy reach of schools, parklands, public transport, local shopping areas, and moments from the vibrant amenities of Reservoir, this location enjoys strong demand and excellent long-term growth prospects.
Whether your intention is to renovate, rebuild, or redevelop, this is a rare chance to acquire a sizeable parcel of land with unlimited future potential in a highly sought-after Reservoir area.
Local Market Insights
In Reservoir, Quiet Listings observed 51 new houses entering the market over the last 30 days, up from 31 during the previous 30-day period, with an average advertised asking price of $970,196. The property type mix of listed properties is predominantly Houses at 48%, followed by units (23%), and townhouses (23%). Ray White was the most active agency in this area, representing 25.2% 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.
Open for Inspections
Upcoming inspection times scheduled in the next 14 days.
This property has had 1 previous open for inspection. Schedules can change at late notice, please confirm times with the selling agent before attending an open home.
Location
Reservoir VIC 3073
Market Insights for Reservoir VIC 3073
Other properties in this postcode
* Search brackets are a technical classification derived from unverified metadata set by the listing agent for search filtering. It is not an official price guide, a valuation, or a representation of the seller's reserve. This data is provided for search transparency purposes only.
