FOR SALE
ESR: $460,000 - $495,000

52A Cheddar Road
Reservoir VIC 3073

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Land area: 451m2
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Sat 14 Dec 10:30 am
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Affordable Gem In Need of TLC: Great Location and Amenities

This charming two-bedroom home, featuring a central bathroom and a single-car garage discreetly positioned at the rear, offers an exciting opportunity for those looking to rejuvenate a property with untapped potential. Like a blank canvas awaiting inspiration, this home is ready for creative minds to restore its charm and make it truly unique.
Boasting a surprisingly spacious backyard-perfect for gardening, entertaining, or simply enjoying the outdoors-the property is ideally located near Ruthven and Reservoir train stations, bus routes, and the bustling Reservoir Village, providing easy access to shops, cafes, and dining options. Families will appreciate the proximity to reputable schools, including St. Stephen's Catholic Primary School and Reservoir Views Primary School. Additionally, Edwardes Lake Park is just a short stroll away, offering ample space for recreational activities and relaxation.
The convenience extends further with La Trobe University a brief drive away, making it an attractive choice for students and professionals alike. This property is fantastic for first-home buyers, renovators, or investors eager to create a home that blends charm, functionality, and location.
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Property Details for 52a Cheddar Rd, Reservoir

52a Cheddar Rd, Reservoir is a 2 bedroom, 1 bathroom House with 1 parking spaces. The property has a land size of 451m2. The place is currently for sale with Barry Plant - Bundoora.

Building Type
House
Land Size
451m2

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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 28,592 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 203 properties listed for sale, and 70 properties listed for rent in Reservoir on OnTheHouse. According to CoreLogic's data, 1043 properties were sold in the past 12 months in Reservoir.

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