FOR SALE
$650,000 - $715,000

58 Arundel Avenue
Reservoir VIC 3073

Bedrooms: 2
Bathrooms: 2
Car spaces: 2
Land area: 570m2
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Invest In Your Future With This Potential-Packed Gem

Beautifully sited on a generous 570sqm (approx.) allotment with a desirable north-facing backyard stands this bright, spacious and value-packed two-bedroom home, which could line your pockets with income as a rewarding rental or play out your development dreams, now or in the future.
Packed with potential, there's scope to retain the home and build your nest egg out back (STCA), or you could wipe the slate clean and build your dream home or a pair of luxury townhouses (STCA).
Thanks to the home's pristine presentation, you can move in and put your future plans on hold as you enjoy the current-day picture of comfort in a location that's within walking distance of Keon Park train station, bus services, JC Donath Reserve and Johnson Street shops and cafes and only minutes away from local schools and the Metropolitan Ring Road.
Polished timber floorboards flow through all two bedrooms and the living area, while a pristine kitchen with a 600mm upright cooker is perfectly scaled and proportioned for a young family.
Kids have plenty of space to kick the soccer ball around in the large grassed backyard, while a fresh main bathroom, large laundry, two sheds and a drive-through garage adds further appeal.
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Property Details for 58 Arundel Ave, Reservoir

58 Arundel Ave, Reservoir is a 2 bedroom, 2 bathroom House with 2 parking spaces. The property has a land size of 570m2. The place is currently for sale with Ray White Reservoir.

Building Type
House
Land Size
570m2

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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 28,263 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 192 properties listed for sale, and 67 properties listed for rent in Reservoir on OnTheHouse. According to CoreLogic's data, 1042 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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