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Location

Market Insights for Reservoir VIC 3073

New Listings (last 30 days)

Average price

$580,429

Lowest price

$370,000

Highest price

$790,000

3/17 Olive Street, Reservoir VIC 3073

EOI $600,000 - $660,000

Search Band

$600k - $650k High Confidence Calculated based on strong search observations.

Unit 2 beds 1 bath 1 car

Listed: 13 days ago

Overview

Located in Reservoir, this stylishly renovated brick veneer unit offers a highly practical and low-maintenance living option for buyers seeking generous space coupled with modern comforts.

The two-bedroom layout is thoughtfully designed, with built-in robes providing ample storage without compromising living area sizes. The formal lounge benefits from abundant natural light, creating a welcoming and relaxing space.

The kitchen and meals area have been renovated to include stone benchtops and quality appliances, enhancing both functionality and style. Seamless access to a private rear courtyard expands the living environment outdoors, making it ideal for informal entertaining or quiet relaxation.

Additional highlights include a renovated bathroom featuring an oversized shower, engineered timber flooring which adds warmth and enduring quality, and a split system for both heating and cooling that ensures year-round comfort. Window shutters add privacy and aesthetic appeal, while a single remote-controlled garage caters to parking and storage needs.

Recent upgrades such as an updated oven, an upgraded electrical switchboard, additional roof insulation, and roof repointing not only improve the property's efficiency but also reassure buyers that the home is ready for immediate enjoyment.

This property suits downsizers, investors, or professionals looking for a well-appointed unit with convenient access and low upkeep. The balance of indoor and outdoor spaces supports both comfortable daily living and casual entertaining occasions.

Local Market Insights

In Reservoir, Quiet Listings observed 14 new units entering the market over the last 30 days, down from 18 during the previous 30-day period, with an average advertised asking price of $580,429. The property type mix of listed properties is predominantly Houses at 50%, followed by townhouses (28%), and units (18%). The most active agency for units in the Reservoir area is currently Ray White, representing 64% of new listings, followed by Barry Plant with 14%. 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.