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124 Mcmahon Road, Reservoir VIC 3073

EOI $1,150,000 - $1,250,000

Search Band Search Visibility Band

$1.15M - $1.21M Transparent Transparent Listing Based on an openly advertised listing price.

House 5 Beds 2 Baths 2 Cars

Listed: 7 hours ago

Overview

This unique property at 124 Mcmahon Road in Reservoir offers the exceptional advantage of two well-presented residences on a single block, creating an ideal scenario for families seeking flexibility, multigenerational living arrangements, or buyers interested in supplementary rental income.

The front home exudes classic charm with its polished timber floors, decorative ceilings, and period detailing that add rich character and warmth to the living spaces. A generously sized lounge and dining area offer ample room for both relaxation and entertaining, supported by creature comforts such as a bark nook, wall heater, and split-system air conditioning. The contemporary kitchen impresses with timber-look cabinetry and quality appliances, further enhanced by an adjoining butler's kitchen which caters to additional meal prep or storage needs.

This residence includes two bedrooms with built-in robes, a dedicated study, and a centrally located bathroom complemented by a laundry with a second toilet. Outdoor living is thoughtfully catered for with a covered entry porch, semi-covered deck, and convenient carport, blending practicality with a welcoming atmosphere.

Seamlessly positioned apart from the main home, the second residence offers a modern and relaxed living environment characterized by soaring timber-lined ceilings and exposed beams which imbue architectural interest. The open-plan living, dining, and kitchen area benefits from sleek white cabinetry, integrated appliances, an island breakfast bar, timber floors, and split-system air conditioning, creating an inviting space that is both stylish and functional.

This residence further comprises two additional bedrooms, a dedicated study, and a stylish bathroom with integrated laundry facilities. The master bedroom boasts built-in robes, split-system air conditioning, and dual-access to the bathroom, while the second bedroom features timber flooring, built-in storage, and individual climate control.

Completing the offering is an appealing outdoor space featuring a charming verandah ideal for unwinding, complemented by a north-facing backyard with established greenery, including a lawn area and a flourishing lemon tree. Secure parking is provided by a single garage, adding to the convenience of the property.

Located close to the scenic Darebin Creek Trail, this property offers easy access to walking and cycling paths, alongside the vibrant cafés, shops, and services on Broadway and Edwardes Street. Summerhill Shopping Centre, Reservoir and Ruthven stations are within easy reach, while the home falls within the highly regarded zones for Reservoir Primary School and William Ruthven Secondary College, catering well to families.

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.