FOR SALE
Sale: $850,000

62 Marchant Avenue
Reservoir VIC 3073

Bedrooms: 3
Bathrooms: 1
Car spaces: 2
Land area: 649m2
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Unbeatable Value In Reservoir's Heart!

Turn the key to this original beauty and open a world of opportunity in the heart of Reservoir.
Sited on a generous 648.7sqm (approx.) block with a 15.2m (approx.) frontage, there's scope to build your dream luxury home in a prized lifestyle location (S.T.C.A) or capitalise on the large land component and build a first-class multi-townhouse development with a planning permit approved for 3 townhouses.
The existing single-level residence also presents an exciting renovation opportunity. Presented in excellent original condition with an updated kitchen. Offering a sizeable living area on entry (with split-system cooling and wood heating), open-plan kitchen/meals area, separate laundry, spacious bedrooms central bathroom, high ceilings, freestanding bungalow/third bedroom, huge grassed backyard, multiple sheds, single lock-up garage and plenty of extra off-street parking space, it's a dream place to make your mark on the Reservoir property scene.
Locations in which to do so also seldom get any better, with St Stephen's Catholic Primary School, bus services, the Darebin Creek Trail, Reservoir train station, Broadway shops and cafes and Reservoir Leisure Centre within easy walking distance and Plenty Road trams, La Trobe University, Northland Shopping Centre and Preston Market a short drive away.
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Property Details for 62 Marchant Ave, Reservoir

62 Marchant Ave, Reservoir is a 3 bedroom, 1 bathroom House with 2 parking spaces. The property has a land size of 649m2. The place is currently for sale with Ray White Reservoir.

Building Type
House
Land Size
649m2

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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 28,690 properties. Over the last 5 years, Houses in Reservoir have seen a 14.11% increase in median value, while Units have seen a 13.77% increase. As at 30 November 2024:

  • The median value for Houses in Reservoir is $901,846 while the median value for Units is $601,775.
  • Houses have a median rent of $530 while Units have a median rent of $500.
There are currently 150 properties listed for sale, and 71 properties listed for rent in Reservoir on OnTheHouse. According to CoreLogic's data, 1051 properties were sold in the past 12 months in Reservoir.

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Alastair Surtees
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Lucas Mitsinikos
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Ray White Reservoir
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