124 Mcmahon RoadReservoir VIC 3073
Property Details for 124 Mcmahon Rd, Reservoir
124 Mcmahon Rd, Reservoir is a 3 bedroom, 1 bathroom House with 3 parking spaces and was built in 1955. The property has a land size of 702m2 and floor size of 130m2. While the property is not currently for sale or for rent, it was last sold in May 2020.
Last Listing description (May 2020)
** SALE BY NOMINATED DATE: SATURDAY 2ND MAY AT 5PM**
Whether you're lured by its remarkable ability to earn as an unbeatable rental or opportunity it presents to live harmoniously with your extended family in a private family community setting, this sensational rare offering is rewarding in every sense.
Two fully renovated and self-contained single-level weatherboard residences are comfortably accommodated within the privacy of this beautifully presented 708sqm (approx.) block, which means you can live peacefully in one home while the in-laws live in the other, or lease out one or both dwellings to generate a steady income stream. Talk about options galore!
A successful marriage of period charm and chic dcor radiates throughout the fashionable main residence, which flaunts a cute entrance foyer that introduces a vast open-plan dining and living area of large proportions. Wonderful high ceilings with decorative plasterwork and classically designed corbels are gifts of a bygone era, while polished timber floorboards, built-in stone-topped cabinetry, on-trend lighting and an intimate timber bar area with a stone benchtop inject an air of contemporary sophistication to this fashionable living space.
That essence of style and sophistication also extends the deluxe kitchen, which makes a statement of its own with its sleek stone surfaces and quality Smeg appliances.
A private master bedroom offers contemporary comfort and style with its full-length built in robes, plantation shutters and split-system heating/cooling, while a secluded one-bedroom accommodation zone benefits from its outstanding privacy, bar area (with stone benchtop, microwave and bar fridge), modern bathroom, laundry and retreat area that's a great play space for the kids.
Whoever's lucky enough to claim the rear residence will enjoy its superior level of privacy, generosity of space and contemporary comfort, made possible with its vast open-plan living area, large full kitchen (with waterfall stone benchtops and stainless steel appliances) and luxurious master bedroom with a deluxe ensuite crafted with a floating vanity, semi-frameless shower and laundry facilities.
Featuring split-system heating/cooling, abundant storage, study nook and a charming full-length verandah perfect for unwinding with the weekend paper or summertime BBQs, move straight in and enjoy!
Furthermore, this appealing property also features generous off-street parking, picture-perfect north-facing backyard with mature citrus trees and easy-care gardens.
Offering swift access to Ruthven and Reservoir train stations, Broadway shops and cafes, parks, bus services, excellent schools, Reservoir Leisure Centre, La Trobe University and Preston Market, be the one to secure this opportunity of a lifetime!
*Please be advised that all inspections are by Private Appointment only.
Please contact us directly to arrange a time.
Property History for 124 Mcmahon Rd, Reservoir, VIC 3073
- 07 May 2020Sold for $923,000
- 07 Apr 2020Listed for Sale Sale by Nominated Date Saturday 2nd May at 5pm
- 18 Feb 2015Sold for $261,458
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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 28,268 properties. Over the last 5 years, Houses in Reservoir have seen a 23.70% increase in median value, while Units have seen a 21.16% increase. As at 31 July 2024:
- The median value for Houses in Reservoir is $922,735 while the median value for Units is $602,707.
- Houses have a median rent of $510 while Units have a median rent of $480.
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