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Location

Market Insights for Reservoir VIC 3073

New Listings (last 30 days)

Average price

$900,600

Lowest price

$550,000

Highest price

$1,550,000

53A Southernhay Street, Reservoir VIC 3073

$1,425,000 - $1,565,000

Search Band

$1.4M - $1.5M High Confidence Calculated based on strong search observations.

House 4 beds 3 baths 2 cars

Listed: 17th Jul 2026

Updated: 17 days ago

Overview

This architecturally refined residence located within the prestigious Oakhill Estate blends bespoke craftsmanship with modern living, elevating lifestyle expectations. The expansive open-plan living and dining areas benefit from abundant natural light and soaring ceilings, accented by refined European oak flooring and framed around a feature Escea fireplace, creating a warm and sophisticated atmosphere for everyday comfort or entertaining.

The gourmet kitchen stands as a central highlight, appointed with Santorini Gold stone benchtops and custom cabinetry, complemented by high-end Neff appliances and integrated Fisher & Paykel refrigeration and dishwashing, blending elegance with practicality for culinary pursuits. Seamless indoor-outdoor flow is achieved through stacker doors leading to a resort-style alfresco, fully equipped with an outdoor kitchen and wine fridge, perfect for hosting and enjoying Melbourne’s temperate climate.

Accommodating family and guests, the home offers four generously sized bedrooms, including two deluxe master suites each boasting designer ensuites with heated flooring, enhancing daily indulgence. Additional bathrooms and living spaces are enhanced with premium finishes such as brushed nickel tapware, wool carpets, double glazing, zoned heating and cooling, a handcrafted timber staircase, and advanced security systems.

Practicality is addressed with an oversized double garage and thoughtful layout, promising ample space and flexibility. Positioned close to transport hubs like Regent Station, vibrant High Street cafes, Preston Market, reputable schools, and parklands, this home strikes an ideal balance between luxurious retreat and convenient urban living, catering especially to discerning buyers who value design excellence, comfort, and lifestyle integration.

Local Market Insights

In Reservoir, Quiet Listings observed 40 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 $900,600. The property type mix of listed properties is predominantly Houses at 47%, followed by townhouses (27%), and units (22%). The most active agency for houses in the Reservoir area is currently Ray White, representing 33% of new listings, followed by Nelson Alexander with 30%. 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.