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Overview
This solid family home on a generous 585 sqm flat block offers great potential in a prime growth zone, making it an attractive opportunity for builders, investors, and homebuyers alike. The property's zoning allows for potential subdivision or town house development subject to council approval, enhancing its appeal to developers and those seeking to maximize land use.
The existing house provides spacious accommodation with four large bedrooms, a central bathroom, and a large kitchen complemented by a dining area, all designed to support comfortable family living. The lounge room presents a dedicated space for relaxation and entertaining, while ample parking is available with a garage plus additional open spaces, suitable for multiple vehicles or recreational use.
Situated in a highly convenient location, the property is within walking distance to Summerhill shops, Northland Shopping Centre, public transport such as tram route 86 and nearby bus stops, as well as schools and parklands, ensuring daily needs and leisure options are easily accessible.
Currently tenanted by a long-standing tenant who wishes to remain, this home offers immediate rental income potential while allowing the new owner the choice to renovate and update the residence to personal tastes. The property's strong fundamentals and versatile potential make it well-suited for a variety of buyers including families seeking a spacious home with growth prospects, investors looking for a reliable asset with future development upside, and builders aiming to capitalize on the zoning benefits.
Local Market Insights
In Reservoir, Quiet Listings observed 40 new houses entering the market over the last 30 days, up from 38 during the previous 30-day period, with an average advertised asking price of $1,044,225. The property type mix of listed properties is predominantly Houses at 43%, followed by units (27%), and townhouses (24%). Ray White was the most active agency in this area, representing 56.0% 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.
Change History
| Headline | When |
|---|---|
| CONTACT AGENT | |
| Auction |
Location
Reservoir VIC 3073
Measurements
| Type | Dimensions |
|---|---|
| Floor Area | 150 m² |
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.
