SOLD
Sold on 28 Oct 2023 for $718,000

1/16 Mason Street
Reservoir VIC 3073

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 92m2
Land area: 139m2
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Andrew Montalto
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Olivia Occhiuzzi
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Property Details for 1/16 Mason St, Reservoir

1/16 Mason St, Reservoir is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1970. The property has a land size of 139m2 and floor size of 92m2. While the property is not currently for sale or for rent, it was last sold in October 2023. There are other 2 bedroom Unit sold in Reservoir in the last 12 months.

Building Type
Unit
Year Built
1970
Floor Size
92m2
Land Size
139m2
Local Government
Darebin
Lot/Plan
1/RP9428

Last Listing description (January 2024)

An ideal approach to appreciating an Oakhill Estate lifestyle, this inviting single level unit enjoys the independence of a corner setting walking distance from Pike Reserve and Preston Primary School. An exceptionally generous central living room forms the focal point of a floor-plan that's complemented by the modern mood and enduring quality of the separate kitchen/meals area. Two double bedrooms, each with built-in robes, share a bathroom featuring a separate bath and shower while a separate laundry and central toilet add considerable convenience. Low-maintenance ease defines the outdoor dimensions and a secure single garage adds a further highlight to a property that will fulfil first home buyer's wishes, delight downsizers or provide pleasing investment returns. Proximity to High Street restaurants, Preston Market, Regent station and Plenty Road trams contribute further success to this ideal address. One of only three.

Property History for 1/16 Mason St, Reservoir, VIC 3073

A timeline of how this property has performed in the market
Last Sold
$718,000
28 Oct 2023
Listed for Rent
$370/w
05 Jun 2018
  • 28 Oct 2023
    Sold for $718,000
  • 01 Oct 2023
    Listed for Sale $600,000
  • 01 May 2018
    Listed for Rent - Price not available
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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 191 properties listed for sale, and 68 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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Andrew Montalto
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Olivia Occhiuzzi
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hockingstuart Reservoir
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