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37 Byfield Street, Reservoir VIC 3073

Auction $880,000 - $950,000

Search Band Search Visibility Band

$880k - $968k Low Confidence Calculated based on limited search observations.

House 2 Beds 1 Bath 2 Cars

Listed: 2 hours ago

Overview

Set within a sought-after pocket of Reservoir, this charming red brick home offers a blend of character and potential that will appeal particularly to those looking to invest in a property with both comfortable living spaces and the scope to personalise.

The home's character shines through with decorative cornices and picture rails accentuating the high ceilings, creating an inviting ambience throughout the spacious and sunlit lounge-dining area. Adjacent is a generously sized eat-in kitchen that facilitates both daily meal preparation and informal family dining with ample storage and bench space.

Boasting two bedrooms complemented by a central bathroom, the property also includes an open study leading out to an all-weather alfresco space, extending the home’s living and entertaining options. This flows into a sizable rear yard that features a versatile studio or teen retreat, ideal for multi-generational living, creative pursuits, or a home office.

The practical side of this home is evident with features such as gas heating, air conditioning, a dedicated laundry, and a second toilet, all contributing to an effortless lifestyle. The long driveway accessing a gated rear yard, garage, and workshop adds to the property’s functional appeal, catering well to hobbyists or those requiring space for vehicles and projects.

Location-wise, this property presents an excellent opportunity for convenience, being within an easy walk to Reservoir’s key shopping and entertainment precincts, including Edwardes and High Streets, as well as close proximity to Edwardes Lake Park for outdoor activities. Public transport is easily accessible with bus stops nearby and the train station within walking distance.

With immediate liveability and strong potential for renovation, extension, or even subdivision subject to council approval, this home offers astute buyers the chance to create a tailored lifestyle in a vibrant and well-positioned community.

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.