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1/49 Lockton Avenue, Reservoir VIC 3073

Price Guide: $620,000 - $660,000

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$620k - $651k Transparent Transparent Listing Based on an openly advertised listing price.

Unit 3 Beds 1 Bath 2 Cars 300 m²

Listed: 7 days ago

Updated: 5 days ago

Overview

Set within a quiet, established family-friendly neighbourhood, this well-presented unit offers a harmonious blend of comfort, independence, and convenient lifestyle amenities. Boasting its own street frontage with no body corporate fees or shared grounds, it presents a rare chance for a variety of buyers including first home buyers, families, downsizers, and savvy investors seeking value and ease of living.

The interior layout features an elevated, free-flowing floorplan enhanced by high ceilings that invite ample natural light throughout the living spaces. A bright formal lounge with a split-system air conditioner seamlessly connects to the dining area and kitchen, promoting relaxed and flexible everyday living environments ideal for both entertaining and casual use.

Sleeping accommodation comprises three bedrooms all thoughtfully equipped with split-system air conditioning for consistent comfort year-round. Two of these rooms benefit from built-in robes, while the central bathroom and separate toilet add to the home’s practical appeal, efficiently supporting the needs of busy households. Notably, the recently installed split systems remain under warranty, reflecting ongoing care and energy-conscious upgrades.

Externally, the low-maintenance grounds accommodate off-street parking and a versatile garage currently utilized as a studio space. Two convenient sheds provide additional storage options, while a generous yard area offers the potential for creating a pleasant outdoor entertaining zone. Energy efficiency is further enhanced by newly installed solar panels coupled with a battery system—also under warranty—helping to reduce reliance on the grid and manage everyday energy costs effectively.

Positioned for convenience, the property benefits from nearby walking tracks, accessible bus routes linking to surrounding suburbs, and proximity to local schools, shops, and everyday amenities. This setting provides a quiet retreat without sacrificing access to essential services.

This unit is particularly suited to those seeking a ready-to-enjoy home with a focus on comfort, independence, and sustainability. It holds strong appeal for families, first-time buyers aiming for affordability and lifestyle benefits, as well as investors looking for a smart portfolio addition in a sought-after locale.

Local Market Insights

In Reservoir, Quiet Listings observed 22 new units entering the market over the last 30 days, up from 17 during the previous 30-day period, with an average advertised asking price of $593,318. The property type mix of listed properties is predominantly Houses at 47%, followed by units (24%), and townhouses (24%). The most active agency for units in the Reservoir area is currently Nelson Alexander, representing 27% of new listings, followed by Ray White with 23%. 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.