FOR SALE
$540,000 - $590,000

5C Colthur Street
Reservoir VIC 3073

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
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Ideal Starter Home or Investment Opportunity

Discover this modern two-bedroom unit combining contemporary living with exceptional convenience. Within walking distance of Edwardes Lake and just moments from a variety of local amenities, i's an attractive option for buyers seeking a solid investment.
The low-maintenance nature of the property, along with its proximity to Reservoir train station and bus services, makes it ideal for busy professionals and first-time homebuyers and investors will appreciate its rental potential.
Features include two generously sized bedrooms, a light-filled open-plan living area with a modern kitchen, split-system heating and cooling, a private courtyard, a single car space.
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ALL properties are advertised at GENUINE PRICES. Please understand that there is often more than one buyer interested in the same property. When that happens, all buyers will be given EQUAL OPPORTUNITY TO MAKE THEIR BEST OFFERS, VIA A SEALED BID.
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Property Details for 5c Colthur St, Reservoir

5c Colthur St, Reservoir is a 2 bedroom, 1 bathroom Unit with 1 parking spaces. The place is currently for sale with Lewis Realty Pty Ltd - COBURG.

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Unit

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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, 1046 properties were sold in the past 12 months in Reservoir.

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