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Location

Market Insights for Reservoir VIC 3073

New Listings (last 30 days)

Average price

$901,361

Lowest price

$550,000

Highest price

$1,550,000

18 Summerhill Road, Reservoir VIC 3073

$835,000

Search Band

$835k - $877k Transparent Based on an openly advertised listing price.

House 3 beds 1 bath 1 car 720 m²

Listed: 16 hours ago

Overview

Set on a substantial 720sqm allotment with a wide 15.5m frontage, 18 Summerhill Road offers considerable potential in the well-established suburb of Reservoir. The property’s generous land dimensions provide ample opportunity for renovation, extension, or potential redevelopment, subject to council approval, making it an attractive prospect for buyers seeking a long-term project or an investment with flexible possibilities.

This existing three-bedroom home is ideal for occupants or investors who appreciate the flexibility to live in or lease the property while formulating plans for its future. The sizeable backyard enhances the property’s appeal, offering outdoor space that suits families, hobby gardeners, or those desiring a private area for children or pets to play safely.

Positioned in a convenient location, the home is close to everyday amenities such as the Summerhill Shopping Centre on Plenty Road, which provides local shopping and services. Educational institutions including Preston North East Primary School and Reservoir High School lie nearby, supported by a broad selection of primary, secondary, and special schools within the surrounding area, providing options for families prioritizing schooling.

Residents benefit from excellent transport links with Route 86 trams, Route 382 buses, and Regent Station's Mernda train line facilitating easy commuting. Recreational amenities such as Darebin Community Sports Stadium, CT Barling Reserve, and Bundoora Park offer well-rounded leisure options for sports enthusiasts and nature lovers alike. Additionally, proximity to La Trobe University, Polaris, and Northland Shopping Centre adds to the lifestyle conveniences.

Substantial block size lends itself to extensive updates or redevelopment (STCA).
Well-positioned for families and investors seeking flexibility in a growing neighbourhood.
Wide frontage and deep land provide scope for significant enhancement or rebuilding.
Close to a range of schools, shopping, public transport, and recreational facilities.

Local Market Insights

In Reservoir, Quiet Listings observed 36 new houses entering the market over the last 30 days, down from 40 during the previous 30-day period, with an average advertised asking price of $901,361. The property type mix of listed properties is predominantly Houses at 50%, followed by townhouses (28%), and units (18%). The most active agency for houses in the Reservoir area is currently Nelson Alexander, representing 33% of new listings, followed by Ray White with 31%. 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.