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Location
Market Insights for Reservoir VIC 3073
New Listings (last 30 days)
40
Average price
$900,600
Lowest price
$550,000
Highest price
$1,550,000
Other properties in this postcode

30 York Street, Reservoir VIC 3073

$1,050,000 - $1,155,000

Listed: 55 days ago
Updated: 28 days ago
Overview

This three-bedroom family home situated on a substantial 609 sqm allotment in Reservoir offers a rare blend of immediate lifestyle potential and exceptional development opportunity. Set within a well-established residential setting, the site benefits from approved permits for two side-by-side dwellings, appealing particularly to developers and builders aiming for a ready-to-progress project without the delays often associated with planning approvals.

The existing residence provides comfortable accommodation that can be occupied or leased, offering flexibility during development planning. The generous land size not only accommodates dual dwellings but also provides ample outdoor space, contributing to an enhanced living environment.

Beyond the property itself, the location supports a balanced lifestyle with easy access to essential amenities, education, recreation, and public transport. Nearby conveniences include Regent Village's shops and cafes, Newlands Primary School, the No. 11 tram route, Regent Station, and Edwardes Lake Park. Additionally, Coburg Hill Shopping Centre and Preston Market provide diverse retail options, with Coburg High School within the local school catchment offering educational continuity.

  • Spacious 609 sqm (approx.) land parcel with development approval for two dwellings
  • Existing three-bedroom home ideal for immediate occupancy or rental income
  • Conveniently positioned near transport links and reputable schools
  • Access to multiple shopping, dining, and recreational facilities enhances lifestyle possibilities

This property will attract developers seeking a strategic site with swift development pathways, as well as investors or families valuing location and future growth potential. The combination of an established home and significant land holding in Reservoir represents a compelling opportunity in a sought-after growth corridor.

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.

Change History
Headline When
$1,050,000 - $1,155,000
$1,180,000 - $1,250,000