FOR SALE
$580,000 - $630,000

2/32 Orrong Avenue
Reservoir VIC 3073

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
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Auction Time
Sat 16 Nov 12:00 pm
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No upcoming inspections scheduled.
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LOW MAINTENANCE LIVING OR INVESTMENT

Set in a boutique block of 4 residence is a fabulous opportunity for first home buyers seeking, comfort and convenience with easy living or an excellent property to add to your investment portfolio.
On entry you are greeted by high ceilings, polished timber floors throughout open plan living area, split system for cooling, informal dining area that leads to a modern kitchen with stone benchtops and stainless steel appliances.
Heated throughout by central heating, upstairs are two bedrooms both with Bir's, (main bedroom with split system), central bathroom and the bonus study area.
The shared carport has access to a good size courtyard ideal for small gatherings, all in walking distance to Broadway shops, Reservoir station, Bus services, schools, Parks and so much more.
Rental Potential $500 to $520 per week
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Property Details for 2/32 Orrong Ave, Reservoir

2/32 Orrong Ave, Reservoir is a 2 bedroom, 1 bathroom Townhouse with 1 parking spaces. The place is currently for sale with Barry Plant - Reservoir.

Building Type
Townhouse

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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 28,219 properties. Over the last 5 years, Houses in Reservoir have seen a 22.36% increase in median value, while Units have seen a 19.72% increase. As at 30 September 2024:

  • The median value for Houses in Reservoir is $917,681 while the median value for Units is $600,755.
  • Houses have a median rent of $530 while Units have a median rent of $490.
There are currently 174 properties listed for sale, and 65 properties listed for rent in Reservoir on OnTheHouse. According to CoreLogic's data, 1027 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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