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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)
41
Average price
$902,171
Lowest price
$550,000
Highest price
$1,550,000
Other properties in this postcode

1 Academy Avenue, Reservoir VIC 3073

EOI $1,290,000 - $1,365,000

Listed: 19 hours ago
Overview

This well-kept three-bedroom house is set on a spacious 703sqm block that perfectly balances generous outdoor space with security and practicality. Families that value ample room for vehicles will appreciate the extensive off-street parking behind secure gates, including convenient Right of Way access from Dwyer Avenue, ensuring easy and secure access.

The home’s interior combines durability and comfort, featuring porcelain tiles in communal areas that offer low maintenance and resilience, while the bedrooms have warm timber flooring enhancing comfort. Two bathrooms accommodate family needs efficiently, complemented by a large double garage with fully tiled walls and a dedicated workshop space. This setup provides notable flexibility for families with multiple vehicles, guests, or hobbyists needing extra room for recreational equipment.

Year-round climate control is assured with ducted heating and evaporative cooling, supporting a comfortable living environment in all seasons. The property’s security is robust, highlighted by an alarm system covering both the home and garage, external cameras, and a built-in safe, affording peace of mind for residents. The inclusion of bifold collapsible café doors enriches living areas by seamlessly connecting indoor and outdoor spaces, promoting a versatile and open atmosphere suitable for entertaining or relaxing.

Functionality extends outdoors with a low-maintenance synthetic grass backyard that simplifies care while offering a secure play or pet area. The potential exists to transform the rear area into a more personalized garden retreat. A water tank supplies multiple parts of the home including air conditioning, rear toilet, garden taps and laundry wash trough, enhancing eco-friendly water use.

Recent upgrades such as a motorized front gate, new stovetop, and roller shutter motors contribute to the property’s updated condition, with all gas, electrical and smoke detector compliances current. Connectivity to modern technology is supported as the property is NBN and Foxtel ready, a key convenience for contemporary lifestyles.

Situated in a well-connected locale close to cafés, shops, parks, schools including Reservoir West Primary, and well-served by Reservoir and Regent train stations alongside local bus and tram routes, daily commuting and access to the CBD and surrounding suburbs are straightforward, supporting urban convenience.

Local Market Insights

In Reservoir, Quiet Listings observed 41 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 $902,171. The property type mix of listed properties is predominantly Houses at 47%, followed by townhouses (25%), and units (23%). The most active agency for houses in the Reservoir area is currently Nelson Alexander, representing 32% of new listings, followed by Ray White with 32%. 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.