Opportunity Of A Lifetime In The Heart Of Reservoir

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17 Cuthbert Road, Reservoir VIC 3073

Sale By Nominated Date: $900,000 - $990,000

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$900k - $945k Transparent Transparent Listing Based on an openly advertised listing price.

House 3 Beds 2 Baths 5 Cars 659 m²

Listed: 12 days ago

Updated: 11 days ago

Overview

Set in the vibrant heart of Reservoir, this notable home occupies a large, north-facing allotment of approximately 659.3 square metres, delivering an exceptional development opportunity for those with vision.

The property combines classic period features with a 'blank canvas' appeal, allowing new owners to tailor their dreams into reality. It benefits from a permit and plans for the development of two side-by-side luxury townhouses, making it ideal for families or investors looking to capitalize on this family-friendly precinct.

Beyond the boundaries of the property, residents enjoy immediate proximity to key lifestyle amenities. These include direct access across the road to the Reservoir Leisure Centre and TW Andrews Reserve, as well as being within short walking distance to Broadway's shops and cafes, the Reservoir train station, Reservoir East Primary School, and Plenty Road tram services. The location equally offers quick connectivity to Northland Shopping Centre, Bundoora Park, Edwardes Lake Park, and La Trobe University.

Spacious land size supports redevelopment or extension possibilities
Ample parking including two carport spaces and three off-street parking spots
Three bedrooms and two bathrooms, accommodating diverse household needs
Strategically located for access to education, transport, and recreation

This offering is particularly attractive for homebuyers seeking to build their dream family home in an established area, developers aiming to tap into permitted townhouse projects, or investors looking for potential capital growth in a sought-after suburb.

Local Market Insights

In Reservoir, Quiet Listings observed 41 new houses entering the market over the last 30 days, up from 38 during the previous 30-day period, with an average advertised asking price of $1,106,805. 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 Ray White, representing 32% of new listings, followed by Nelson Alexander with 20%. 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.