925m² (Approx.) of Land, Endless Possibilities

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3 Massey Avenue, Reservoir VIC 3073

$1,290,000 - $1,390,000

Search Band Search Visibility Band

$1.29M - $1.35M Transparent Transparent Listing Based on an openly advertised listing price.

House 3 Beds 1 Bath 2 Cars 925 m²

Listed: yesterday

Updated: 3 hours ago

Overview

Set on a substantial 925 square metre parcel in a well-established Reservoir neighbourhood, this three-bedroom house uniquely blends classic character with significant future development potential. The property provides an ideal solution for a variety of buyers including developers, investors, and homeowners seeking immediate comfort alongside long-term possibilities.

The home embodies distinct retro charm, featuring natural timber accents and patterned wallpaper that enhance its warm and inviting ambiance. Generous bedrooms ensure comfortable living, complemented by multiple living areas including a spacious lounge and separate dining and family spaces, providing versatility to meet diverse lifestyle needs.

The kitchen seamlessly integrates with an adjoining meals area, combining practicality with ease of daily living. Essential amenities such as a central bathroom, separate WC, and laundry add to the home's functional layout, supporting efficient household management.

Outdoor space is a standout aspect, with a large backyard offering extensive room for families to entertain, cultivate gardens and vegetable patches, or consider future subdivision and redevelopment subject to council approval. Practical additions include a tandem garage, driveway, and under-house storage, underlining the property’s suitability for modern needs.

Strategically located within easy reach of local schools, shops, cafés, parks, and public transport, the residence benefits from proximity to popular community amenities such as Edwardes Lake, Reservoir shopping precinct, and Reservoir Station, enhancing daily convenience.

Combining substantial land size and a character-filled home, this property represents a rare opportunity to secure a flexible asset that supports both comfortable living and investment growth prospects.

Local Market Insights

In Reservoir, Quiet Listings observed 44 new houses entering the market over the last 30 days, up from 39 during the previous 30-day period, with an average advertised asking price of $1,096,682. The property type mix of listed properties is predominantly Houses at 47%, followed by townhouses (24%), and units (23%). The most active agency for houses in the Reservoir area is currently Ray White, representing 30% of new listings, followed by Nelson Alexander with 25%. 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.