Images and floorplans are provided for illustrative purposes and remain the property of their respective copyright owners.
Overview
Occupying a substantial 696 square meter allotment in a well-established and highly sought-after location in Reservoir, this property offers an excellent opportunity for developers, investors, and homebuyers. The existing home provides immediate comfort and presents significant future potential with possibilities for renovation, extension, or redevelopment (subject to council approval).
The residence features three generously sized bedrooms, a spacious lounge area, and a functional kitchen adjoining the meals area. This layout provides a practical and comfortable environment for everyday living. The property has been well maintained and is immediately livable, giving buyers the flexibility to move in straight away, lease it out, or gradually personalise and improve the home over time.
Beyond the existing dwelling, the generous 696 square meter landholding opens a variety of possibilities. With ample space and strong land value, developers and builders might explore redevelopment options, while families have the opportunity to utilise the sizeable allotment to build their ideal home (subject to council approval).
The property also includes secure off-street parking, a large backyard, and benefits from a convenient location close to local schools, shopping centres, parklands, and public transportation, enhancing its appeal.
Whether you are a homebuyer seeking space and potential or a developer looking for the next project, 14 Thackeray Road in Reservoir presents a valuable opportunity to acquire a significant parcel of land in a thriving and well-connected neighbourhood.
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 townhouses (23%), and units (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 2 previous open for inspections. 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
* 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.
