SOLD
Sold on 20 Apr 2024 for $580,000

2/131 North Road
Reservoir VIC 3073

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 75m2
Land area: 120m2
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Property Details for 2/131 North Rd, Reservoir

2/131 North Rd, Reservoir is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1975. The property has a land size of 120m2 and floor size of 75m2. While the property is not currently for sale or for rent, it was last sold in April 2024. There are other 2 bedroom Unit sold in Reservoir in the last 12 months.

Building Type
Unit
Year Built
1975
Floor Size
75m2
Land Size
120m2
Local Government
Darebin
Lot/Plan
2/RP13537

Last Listing description (June 2024)

A tree lined street in the always sought after Oakhill Estate ensures the appeal of this inviting single level unit as your first address, as a way to downsize with designer style or as an investment offering the prospect of reliable returns.

One of only three, complemented by the convenience of its own secure garage, the spaces promise exceptional Reservoir success. Original polished hardwood floorboards contribute significant beauty to a well-organized, impressively updated two bedroom format featuring a generous living room where reverse cycle heating/cooling keeps things perfectly comfortable.

The separate kitchen/meals area's stylish tiles, stone benches and stainless steel appliances deliver modern efficiency that's matched by a bathroom fitted with a separate bath and shower.

A separate laundry, low-maintenance courtyard and the garage add to the profile of a property that's desirably close to Reservoir East Primary School, Broadway's eateries, Summerhill Shopping Centre and Plenty Road tram routes

Property History for 2/131 North Rd, Reservoir, VIC 3073

A timeline of how this property has performed in the market
Last Sold
$580,000
20 Apr 2024
Listed for Rent
$290/w
10 Mar 2015
  • 20 Apr 2024
    Sold for $580,000
  • 25 Mar 2024
    Listed for Sale $580,000
  • 18 Feb 2015
    Listed for Rent $290 / 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.
There are currently 203 properties listed for sale, and 70 properties listed for rent in Reservoir on OnTheHouse. According to CoreLogic's data, 1043 properties were sold in the past 12 months in Reservoir.

Suburb Insights for Reservoir 3073

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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.