SOLD
RECENT ADVICE
Sold on 16 May 2024 for $585,000

1 Market Court
Reservoir VIC 3073

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Land area: 216m2
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Property Details for 1 Market Ct, Reservoir

1 Market Ct, Reservoir is a 1 bedroom, 1 bathroom House with 1 parking spaces. The property has a land size of 216m2. While the property is not currently for sale or for rent, it was last sold in May 2024. There are other 1 bedroom House sold in Reservoir in the last 12 months.

Building Type
House
Land Size
216m2
Local Government
Darebin
Lot/Plan
1/LP44832

Last Listing description (May 2024)

Rare opportunity for a warehouse style shop conversion, nestled on a corner block, with large deck and garden.

Move in and luxuriate in the abundance of space or choose to utilise the large block for extension (STCA).

The commercial zoning means you also have the opportunity to convert the space to a combined living/business venture.

This property offers superb open plan living space, with a large mezzanine area upstairs and a separate carpeted study. Or you could use this extra space to easily convert to a second bedroom.

Downstairs offers spacious living and dining areas. Large kitchen with double sink, freestanding stovetop/oven, separate pantry and tons of storage cabinets underneath an extra long bench, doubling as a breakfast bar.

French doors open onto a large decking area and leafy garden.

At the far end there are double gated doors that open onto a fully paved secure off street parking area.

Set in a quiet court, well off the main road, the area is surrounded by greenery. The small row of ten shops are all converted to residential flats so there is a quiet and intimate neighbourhood community.

There is also a nearby shared bicycle/walking path taking you to the numerous shops, cafes and restaurants just up the road.

There are many school options all located within a 3km radius.

PROPERTY FEATURES:
-Commercial Zone 1
-Total property size 216sqm
-Floating floorboards downstairs
-Hardwood floorboards upstairs
-Carpeted study with inbuilt shelves
-Built in storage cabinets
-Bathtub and shower
-Newly installed Rheem instant gas hot water
-Glass fronted wood heater with 3 speed fan & extra long flue reaching upstairs
-Gas heater
-Electric security roller blinds
-Wire security screen at front
-Kelvinator inverter air conditioner
-Inbuilt wall pantry
-Wall mounted bookshelf
-Retractable washing line
-Secure Off street parking for 1 car and 27 parking spaces out front
-Newly painted
-NBN ready

NEARBY:
-650m to Ruthven train station
-2.6km to Summerhill Shopping Centre
-5.4km to Northland Shopping Centre
-3.9km to Preston Market
-2.5km to Bunnings
-900m to Coles supermarket

NEARBY SCHOOLS (WITHIN 1KM):
-Gellibrand Kindergarten 650m
-Maharishi Elementary School 550m
-Reservoir Primary School 900m
-Keon Park Primary School 600m
-Reservoir Views Primary School 700m
-St Stephen's Catholic School 800m

Contact Nicole Kim on 0433 545 012 to arrange an inspection and secure this stunning property today!

** Sale Method: Private Negotiation

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Property History for 1 Market Ct, Reservoir, VIC 3073

A timeline of how this property has performed in the market
Last Sold
$585,000
16 May 2024
  • 13 May 2024
    Sold for $585,000
  • 06 Mar 2024
    Listed for Sale Contact Nicole Kim 0433 545 012

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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 28,202 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 181 properties listed for sale, and 60 properties listed for rent in Reservoir on OnTheHouse. According to CoreLogic's data, 1025 properties were sold in the past 12 months in Reservoir.

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