FOR SALE
$95,000

19/2 Gremel Road
Reservoir VIC 3073

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
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A ONE BEDROOM IN SUMMERHILL RESIDENTIAL PARK ## BUYER REQUIREMENTS YOU MUST BE OVER 55 TO PURCHASE AND NO INVESTORS ##

Situated towards the front of the main entrance of this beautifully maintained Residential park is a wonderful opportunity for buyers over 55 to purchase a home to call your own. On offer is an open plan living incorporating living meals and kitchen with gas stove and pantry, bedroom with built in robe, combined laundry and shower and toilet facilities that drops out to the carport.
With no maintenance outside the park fees to live in this fabulous establishment is $640 a fortnight, the fees include water usage, maintenance of gardens, roads and lighting. The location is a very sort stroll to Summerhill Village that offers Aldi, Coles, Doctors, Chemist, Kmart and so much more and with Plenty Road Tram giving easy access to the City or Bundoora and the DFO's.
All inspections are by appointment, be quick as this wont last.
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Property Details for 19/2 Gremel Rd, Reservoir

19/2 Gremel Rd, Reservoir is a 1 bedroom, 1 bathroom Unit with 1 parking spaces. The place is currently for sale with Barry Plant - Reservoir.

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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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Adrian Antonello
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Barry Plant - Reservoir
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