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4/16 Best Street, Reservoir VIC 3073

Sale By Set Date $850,000-$890,000

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$850k - $893k Transparent Transparent Listing Based on an openly advertised listing price.

Townhouse 3 Beds 2 Baths 1 Car

Listed: 7th Aug 2026

Overview

Located at the rear of a boutique development, this architecturally designed townhouse combines timeless elegance with contemporary luxury. Its refined style is showcased through premium finishes, creating a sophisticated living environment that prioritizes both aesthetic appeal and functional comfort.

The home welcomes you with engineered timber flooring flowing seamlessly through the expansive living spaces, which benefit from abundant natural light and bespoke cabinetry. The heart of the residence is the designer kitchen, equipped with stone benchtops and premium SMEG appliances, offering exceptional storage and a perfect balance between form and function, ideally suited for modern family life and entertaining.

The intelligently planned layout accommodates three generously sized bedrooms with built-in wardrobes and plush carpeting, including a versatile ground-floor bedroom with direct access to a luxurious bathroom. This flexible design caters to guests, extended family members, or residents seeking single-level ease. Upstairs, two additional oversized bedrooms share a beautifully appointed central bathroom alongside ample storage, supporting comfortable living for families or housemates.

Outdoor living is enhanced by a north-facing backyard featuring expansive decking, established landscaping, and mature trees, crafting an inviting private retreat for entertaining or relaxation in the sunshine year-round. Practicality extends to a large remote-controlled garage with a rear roller door providing direct garden access, complemented by split-system heating and cooling, an alarm, and video intercom for comfort and security.

This residence offers a desirable lifestyle close to Edwardes Lake Park, cafes, supermarkets, public transport, quality schools, and recreational options. It presents a well-balanced home suitable for families, professionals, or downsizers seeking a stylish, functional, and well-positioned property in Reservoir.

Local Market Insights

In Reservoir, Quiet Listings observed 21 new townhouses entering the market over the last 30 days, up from 19 during the previous 30-day period, with an average advertised asking price of $734,286. The property type mix of listed properties is predominantly Houses at 47%, followed by townhouses (24%), and units (22%). The most active agency for townhouses in the Reservoir area is currently Ray White, representing 48% of new listings, followed by Nelson Alexander with 29%. 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.