1/71 Summerhill RoadReservoir VIC 3073
Property Details for 1/71 Summerhill Rd, Reservoir
1/71 Summerhill Rd, Reservoir is a 2 bedroom, 1 bathroom Townhouse with 1 parking spaces. While the property is not currently for sale or for rent, it was last sold in May 2024. There are other 2 bedroom Townhouse sold in Reservoir in the last 12 months.
Last Listing description (May 2024)
Nestled in a prime position on the fringe of Preston, this modern townhouse is designed to provide convenience in every way with little maintenance.
Nearby amenities comprise of Summerhill Shopping Centre, Northland shopping center, tram and bus routes and Darebin creek parklands and walking trail allowing you to enjoy the serenity on suburban living.
The three storey layout boasts two ample sized, robed bedrooms with the master including a walk-in robe, a neutral toned bathroom with a double vanity, study nook, and a light-filled open plan living, dining area completed by the lovely kitchen featuring stone benchtops, s/s appliances and a dishwasher. From here you can access the sizeable balcony fit for entertaining.
Additional features include a private courtyard accessed from the first floor, a lock up garage with internal access, storage and adjoining laundry, powder room and split system heating/cooling.
An ideal opportunity for first home buyers, young families and astute investors looking to capitalize on capital growth and high rental yields.
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Material Facts - please refer to the contract of sale and vendor statement for any/all material facts.
Land size sourced from land.vic.gov.au. This document has been prepared to assist solely in the marketing of this property. While all care has been taken to ensure the information provided herein is correct, Harcourts Rata & Co takes no responsibility for any inaccuracies. Accordingly all interested parties should make their own enquiries to verify the information, including and not limited to land size.
Property History for 1/71 Summerhill Rd, Reservoir, VIC 3073
- 15 May 2024Sold for $530,000
- 03 May 2024Listed for Sale Not Disclosed
- 11 May 2021Listed for Rent $370 / week
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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.
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