2/5 Faye StreetReservoir VIC 3073
Property Details for 2/5 Faye St, Reservoir
2/5 Faye St, Reservoir is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2006. The property has a land size of 198m2 and floor size of 200m2. While the property is not currently for sale or for rent, it was last sold in June 2023.
Last Listing description (February 2024)
This spacious two-bedroom unit offers a low-maintenance lifestyle in a convenient location, making it an attractive choice for discerning buyers. The property is designed to require minimal upkeep, allowing residents to enjoy their living space without excessive maintenance responsibilities.
The unit boasts a generous open-plan living area that creates a stylish and open atmosphere. The contemporary kitchen is in pristine condition and features stainless steel appliances, as well as ample storage space for convenience.
Connecting the interior with the outdoors, lovely windowed door leads to a private and sunny courtyard. This outdoor area is designed to be low-maintenance, allowing residents to relax and enjoy the space without extensive upkeep requirements.
The unit includes a bright modern bathroom that services the two bedrooms, both of which have built-in robes. The master bedroom is particularly spacious, offering ample room for comfort. Additional features of the property include a single lock-up garage, an additional car space in front, dedicated laundry, and split-system heating/cooling units in living area.
Overall, this unit offers a comfortable and convenient lifestyle with its low-maintenance design, excellent amenities, and proximity to various local attractions. It is an ideal option for first-time homebuyers, those looking to downsize, or as an investment property.
Property History for 2/5 Faye St, Reservoir, VIC 3073
- 17 Jun 2023Sold for $601,000
- 23 May 2023Listed for Sale $550,000 - $600,000
- 04 Feb 2007Sold for $260,000
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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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