Images and floorplans are provided for illustrative purposes and remain the property of their respective copyright owners.

51 Queen Street, Reservoir VIC 3073

$1,400,000 - $1,490,000

Search Band Search Visibility Band

$1.4M - $1.5M High Confidence Calculated based on strong search observations.

House 5 Beds 3 Baths 4 Cars

Listed: yesterday

Overview

This prestigious brick-veneer residence located in the elite Oakhill Estate of Reservoir offers a remarkable opportunity for families seeking a blend of timeless charm and practical, spacious living. The home is distinguished by its mid-century character, which creates an inviting and warm atmosphere, enhanced further by the versatile dual-level layout that caters to modern family needs.

The design thoughtfully incorporates four generously sized bedrooms alongside three bathrooms, making it suitable for larger families or those desiring additional guest or office space. The home's practical layout also features a grand living room, an open-plan kitchen, and dining area that seamlessly connect, fostering easy family interaction and entertaining possibilities.

Functional additions such as a rumpus room, a backyard boasted with manicured gardens, and approved access to parking for several vehicles amplify the property's appeal. The outdoor space provides a secure and private environment for children to play while the garden offers a pleasant retreat for relaxation or gardening enthusiasts.

For investors or families with an eye for future development, the property boasts the potential for subdivision, including opportunities to construct a modern duplex on the site (subject to council approval), adding to its long-term value.

Situated just a short distance from a range of reputable primary and secondary schools, local shopping, parks, and transport options, this home excels in both location and lifestyle. Its classic yet adaptable form makes it well suited to families, downsizers seeking room to grow, or savvy buyers looking to create a contemporary living space in a sought-after neighborhood.

Local Market Insights

In Reservoir, Quiet Listings observed 41 new houses entering the market over the last 30 days, up from 34 during the previous 30-day period, with an average advertised asking price of $1,026,073. The property type mix of listed properties is predominantly Houses at 47%, followed by townhouses (23%), and units (22%). The most active agency for houses in the Reservoir area is currently Ray White, representing 32% of new listings, followed by Nelson Alexander with 27%. 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.