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Sold on 04 Nov 2024 - Price Unavailable

101A Royal Parade
Reservoir VIC 3073

Bedrooms: 2
Bathrooms: 1
Car spaces: 4
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Property Details for 101a Royal Pde, Reservoir

101a Royal Pde, Reservoir is a 2 bedroom, 1 bathroom House with 4 parking spaces. While the property is not currently for sale or for rent, it was last sold in November 2024. There are other 2 bedroom House sold in Reservoir in the last 12 months.

Building Type
House
Local Government
Darebin
Lot/Plan
1/LP37695

Last Listing description (November 2024)


101A Royal Parade, Reservoir

Step into a world of opportunity in the heart of a thriving growth pocket, this property offers a unique canvas for builders, developers, and renovators ready to unlock its full potential. This well-maintained weatherboard home sits on an expansive 446m² block, ripe for transformation or redevelopment in one of Reservoir's most sought-after residential areas (STCA).

Surrounded by well-established and deep front and rear gardens, the home is immediately liveable, featuring polished timber floors, charming period architraves, and essential comforts like heating and cooling, it's also ripe for transformation. The layout includes two spacious bedrooms, a fully equipped kitchen with gas cooking, and a full-sized laundry, making it perfect for a renovation project that can cater to modern family needs.

Imagine the possibilities! The property offers ample space for extensions, landscaping, or even a multi-unit development (STCA).

Key Highlights:

• Prime 446m² block with significant redevelopment potential (STCA)
• Two generous bedrooms, including a master with wardrobe
• Well-appointed kitchen overlooking the garden, ready for an upgrade
• Polished timber floorboards and period details offer a charming backdrop
• Heating and cooling for immediate comfort, while you plan your vision
• Large driveway with space for up to 4 cars, adding convenience
• Peaceful, leafy location just steps from cafes, shops, and parks

This property is ideally situated just a short stroll from Broadway and Edwardes St cafes and shops, with easy access to the Reservoir Leisure Centre, Preston Market, and Northland Shopping Centre. Families will appreciate the proximity to quality primary schools and the zoning advantages that come with this location. Plus, with convenient access to Reservoir train station and tram routes, commuting to the CBD is a breeze.


Don't miss this unmatched opportunity to invest in a high-demand suburb. Whether you're looking to renovate or build your dream project, this is your chance to secure a foothold in Reservoir. Don't hesitate, this opportunity will not last! Contact us today to explore the possibilities.

Property History for 101a Royal Pde, Reservoir, VIC 3073

A timeline of how this property has performed in the market
Last Sold
04 Nov 2024
Listed for Rent
$410/w
22 Aug 2023
  • 25 Oct 2024
    Sold
  • 20 Sep 2024
    Listed for Sale $659,000
  • 04 Aug 2023
    Listed for Rent $410 / 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 28,203 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.

Suburb Insights for Reservoir 3073

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Damian Slodyczka
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Mario Elezovic
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Raine & Horne Brunswick
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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.