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Sold on 19 Oct 2024 - Price Unavailable

22 Winter Crescent
Reservoir VIC 3073

Bedrooms: 3
Bathrooms: 1
Car spaces: 2
Land area: 684m2
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Property Details for 22 Winter Cres, Reservoir

22 Winter Cres, Reservoir is a 3 bedroom, 1 bathroom House with 2 parking spaces. The property has a land size of 684m2. While the property is not currently for sale or for rent, it was last sold in October 2024. There are other 3 bedroom House sold in Reservoir in the last 12 months.

Building Type
House
Land Size
684m2

Last Listing description (October 2024)

Character Home on Expansive Land with Approved Development Plans

Set on a large parcel of land measuring 684 m² approx., 22 Winter Crescent presents a remarkable opportunity for a wide range of buyers. Whether you're looking to secure a family home, make a sound investment, or embark on a development project, this property has all the elements for success. Located in one of Reservoir's most sought-after pockets, moments away from schools, shops, cafes, and restaurants, this home offers both character and potential.

The existing three bedroom, one bathroom home is brimming with charm. Timber boards run throughout the house, giving it a classic feel, while the updated bathroom and kitchen provide a fresh, modern touch. The open and functional layout ensures comfortable living for families or tenants, with plenty of natural light flowing through the home.

One of the standout features of this property is the size of the block. With a generous 684 m² of land, there is ample space for outdoor activities, gardening, or future development. In fact, the property comes with approved plans and permits for the construction of a three bedroom, two bathroom townhouse at the rear, making this an ideal option for developers or those looking to add value. The potential to generate rental income from a second dwelling, or accommodate extended family members, further enhances the appeal.

The location of 22 Winter Crescent is another key selling point. Positioned in a thriving part of Reservoir, you'll enjoy easy access to all the local amenities. Quality schools are just a short walk or drive away, making it an ideal location for families. Meanwhile, the vibrant local shopping precinct, complete with trendy cafes and restaurants, ensures that everything you need is right at your fingertips. With excellent transport links and proximity to parks and recreational facilities, this address offers convenience and lifestyle in equal measure.

Whether you're a homebuyer searching for the perfect place to settle down, an investor looking for a high-growth area, or a developer eager to take advantage of the existing plans and permits, 22 Winter Crescent is a property that ticks all the boxes. Its combination of character, potential, and prime location make it an exceptional opportunity in Reservoir's booming market.

Don't miss out on securing this versatile property. Contact us today to arrange an inspection and explore the possibilities that await at 22 Winter Crescent.

Land size: 684m2 approx.
Deposit: 10% of the purchase price
Settlement: 30/60 days
Rental assessment: $500-$550 per week

Property History for 22 Winter Cres, Reservoir, VIC 3073

A timeline of how this property has performed in the market
Last Sold
19 Oct 2024
Listed for Rent
03 Aug 2023
  • 05 Jan 2025
    Listed for Rent $510 / week
  • 19 Oct 2024
    Sold for $812,000
  • 26 Sep 2024
    Listed for Sale $700,000 - $770,000
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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 28,692 properties. Over the last 5 years, Houses in Reservoir have seen a 10.29% increase in median value, while Units have seen a 8.69% increase. As at 31 January 2025:

  • The median value for Houses in Reservoir is $887,775 while the median value for Units is $587,040.
  • Houses have a median rent of $540 while Units have a median rent of $500.
There are currently 172 properties listed for sale, and 80 properties listed for rent in Reservoir on OnTheHouse. According to CoreLogic's data, 1034 properties were sold in the past 12 months in Reservoir.

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Domenic Torzillo
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Joe Torzillo
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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.