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Images and floorplans are provided for illustrative purposes and remain the property of their respective copyright owners.

Location
Market Insights for Reservoir VIC 3073
New Listings (last 30 days)
24
Average price
$723,750
Lowest price
$455,000
Highest price
$1,350,000
Other properties in this postcode

2/1 Gloucester Street, Reservoir VIC 3073

Private Sale $910,000

Listed: 5th Aug 2026
Updated: 14 days ago
Overview

Positioned in a premier parkside locale, this elegant townhouse offers a harmonious blend of convenience and contemporary living. Nestled at the end of a driveway and forming one of only two residences, it enjoys direct views over the expansive Crispe Park, ensuring a tranquil and green outlook that enhances daily life.

The property's location provides excellent connectivity, with key transport links such as the Gilbert Road tram and Reservoir Station nearby, alongside an array of shopping and dining precincts including central Reservoir and Coburg Hill Shopping Centre. This accessibility suits those seeking both a serene environment and vibrant community amenities within easy reach.

Inside, the ground floor accommodates two spacious bedrooms complemented by a sophisticated floor-to-ceiling tiled bathroom. The living and dining areas feature engineered timber flooring that imparts warmth and elegance, centred around a well-crafted stone kitchen. Equipped with premium Smeg and Omega appliances, and stylish stone benchtops and splashbacks, the kitchen facilitates effortless entertaining and daily living with a layout that keeps social interaction at its heart.

Integrated indoor-outdoor design is exemplified by expansive sliding glass doors opening to a sunlit, north-facing courtyard, creating a private sanctuary ideal for both relaxation and entertaining. On the upper level, the generous main bedroom offers a quiet retreat enhanced by a fitted walk-in robe, an elegant ensuite, and a practical study nook—perfectly catering to the demands of modern living and remote working.

Additional features include day and night blinds, ducted heating, multiple split-system air conditioning units, a functional laundry, easy-care landscaped gardens, and secure parking with a remote garage and extra driveway space. This home presents an exceptional opportunity for those desiring a low-maintenance, stylish residence in one of Reservoir’s most connected and sought-after spots.

Local Market Insights

In Reservoir, Quiet Listings observed 24 new townhouses entering the market over the last 30 days, up from 17 during the previous 30-day period, with an average advertised asking price of $723,750. The property type mix of listed properties is predominantly Houses at 47%, followed by townhouses (27%), and units (22%). The most active agency for townhouses in the Reservoir area is currently Ray White, representing 42% of new listings, followed by Nelson Alexander with 21%. 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
Private Sale $910,000
EOI $896,000 - $930,000
EOI $850,000 - $930,000
Auction $850,000 - $930,000