FOR SALE
ISP: $790,000 - $869,000

2 Wellman Street
Reservoir VIC 3073

Bedrooms: 4
Bathrooms: 3
Car spaces: 4
Floor area: 45m2
Land area: 805m2
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Auction Time
Sat 7 Dec 10:30 am
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House & Home Office in the premium pocket, spread across 805 SQM land.

Discover this exceptional property at 2 Wellman Street in the heart of Merrilands estate, one of Reservoir's most sought-after areas. Perfectly located at the edge of Hughes Parade and McFadzen Avenue, this substantial 805 sqm block offers a spacious two-storey home with endless possibilities.
The residence features four generous bedrooms, including a master with an ensuite, along with a central bathroom, multiple living areas, and a huge backyard. The home also has a tandem drive-through garage, multiple parking spaces, and a versatile home office, which is currently set up as a functional salon.
Partially updated to meet modern day living standards, this solid brick home combines comfort and practicality. In addition, the property includes a large shed with annexed rooms, ideal for a mancave or workshop.
With the recently introduced government regulations regarding land subdivision, there's potential to add a granny flat(STCA), making this home even more versatile.
Conveniently situated close to Ruthven Train Station, Edwardes Lake Park, St. Joseph the Worker Primary School, William Ruthven Secondary College, Merri Creek Trail, and the Western Ring Road, this location has easy access to essential amenities, eateries and major routes. This rare opportunity provides ample space and flexibility for you to bring your ideas to life.
Don't miss out on making this versatile gem your own!
For information on due diligence requirements, please visit Consumer Affairs Victoria's website at consumer.vic.gov.au/due diligence checklist. For details regarding our Privacy Policy and Privacy Collection Notice, please refer to https://www.onegrouprealty.com.au/privacy-policy/
Please refer to the contract of sale and vendor statement for any/all material facts. Land size sourced from land.vic.gov.au. This document has been prepared solely for the marketing of this property. While every care has been taken to ensure the information provided herein is accurate, ONE GROUP Realty accepts no responsibility for any inaccuracies. Accordingly, all interested parties should conduct their own inquiries to verify the information, including but not limited to land size.
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Property Details for 2 Wellman St, Reservoir

2 Wellman St, Reservoir is a 4 bedroom, 3 bathroom House with 4 parking spaces. The property has a land size of 805m2 and floor size of 45m2. The place is currently for sale with ONE GROUP REALTY.

Building Type
House
Floor Size
45m2
Land Size
805m2

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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 28,590 properties. Over the last 5 years, Houses in Reservoir have seen a 18.33% increase in median value, while Units have seen a 18.50% increase. As at 31 October 2024:

  • The median value for Houses in Reservoir is $914,960 while the median value for Units is $603,893.
  • Houses have a median rent of $530 while Units have a median rent of $500.
There are currently 196 properties listed for sale, and 68 properties listed for rent in Reservoir on OnTheHouse. According to CoreLogic's data, 1044 properties were sold in the past 12 months in Reservoir.

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