FOR SALE
Auction: $620,000 - $682,000

17 Keon Parade
Reservoir VIC 3073

Bedrooms: 2
Bathrooms: 1
Car spaces: 3
Land area: 573m2
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Auction Time
Sat 12 Oct 11:00 am
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Blank Canvas Full of Potential

Nestled on a generous 573sqm (approx.) allotment, this charming two-bedroom home offers endless potential for renovators, homebuilders, or astute investors. Featuring gorgeous pine floors and a functional chimney attached fireplace, this residence exudes warmth and character, making it a cozy retreat for future occupants or tenants.
The property is superbly located within walking distance to Keon Park train station, making commuting a breeze, while local shops and easy access to the Western Ring Road add to the convenience of this prime address. Whether you're looking to modernize the existing home or re-build your dream residence, the sizable allotment provides ample space to bring your vision to life.
For investors, this property presents a fantastic opportunity to generate rental income while holding a valuable piece of real estate in a high-demand area. The potential for capital growth is substantial, making this a smart addition to any portfolio.
With its blend of classic features and untapped potential, 17 Keon Parade is perfect for those seeking a solid investment or a project to transform into something truly special. Don't miss this rare opportunity in a thriving location!
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Property Details for 17 Keon Pde, Reservoir

17 Keon Pde, Reservoir is a 2 bedroom, 1 bathroom House with 3 parking spaces. The property has a land size of 573m2. The place is currently for sale with Ray White Reservoir.

Building Type
House
Land Size
573m2

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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 196 properties listed for sale, and 63 properties listed for rent in Reservoir on OnTheHouse. According to CoreLogic's data, 1045 properties were sold in the past 12 months in Reservoir.

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Keb Nguyen
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Sam Chan
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