FOR SALE
SALE $725,000

135 Cheddar Road
Reservoir VIC 3073

Bedrooms: 3
Bathrooms: 1
Car spaces: 3
Land area: 522m2
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Charming Home with Development Potential in Prime Reservoir Location

Welcome to 135 Cheddar Road, Reservoir! This tidy three-bedroom, one-bathroom home sits on a generous 522 sqm block, offering a fantastic opportunity for families and developers alike.
Positioned close to the bustling Broadway and Edwardes Street shops, you'll enjoy the convenience of nearby amenities, cafes, and public transport.
Surrounded by beautiful parklands, this home is a haven for nature lovers and families who cherish outdoor activities. Take leisurely strolls, enjoy picnics, or simply unwind in the serene green spaces that envelop the neighbourhood. With easy access north to the freeway, weekend getaways and commutes are a breeze, making this location both practical and picturesque.
The home features three well-sized bedrooms, a central bathroom, and a kitchen/meals area at the rear, providing comfortable living spaces. The expansive land allows for ample outdoor activities, gardening, or future development (STCA). This property is perfect for families looking for a home to move straight into, with the option to renovate down the line, or for developers seeking a prime location with great potential.
Don't miss out on this exceptional opportunity to own a piece of Reservoir's thriving community.
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Property Details for 135 Cheddar Rd, Reservoir

135 Cheddar Rd, Reservoir is a 3 bedroom, 1 bathroom House with 3 parking spaces. The property has a land size of 522m2. The place is currently for sale with Ray White Preston.

Building Type
House
Land Size
522m2

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About Reservoir 3073

The size of Reservoir is approximately 18.9 square kilometres. It has 45 parks covering nearly 8.8% of total area. The population of Reservoir in 2011 was 47,636 people. By 2016 the population was 50,455 showing a population growth of 5.9% in the area during that time. The predominant age group in Reservoir is 30-39 years. Households in Reservoir are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Reservoir work in a professional occupation. In 2011, 62.5% of the homes in Reservoir were owner-occupied compared with 59.3% in 2016.

Reservoir has 28,264 properties. Over the last 5 years, Houses in Reservoir have seen a 23.05% increase in median value, while Units have seen a 21.24% increase. As at 31 August 2024:

  • The median value for Houses in Reservoir is $928,587 while the median value for Units is $602,189.
  • Houses have a median rent of $520 while Units have a median rent of $480.
There are currently 181 properties listed for sale, and 67 properties listed for rent in Reservoir on OnTheHouse. According to CoreLogic's data, 1049 properties were sold in the past 12 months in Reservoir.

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Ian Dempsey
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Rose Martin
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Ray White Preston
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