OFF MARKET

6 Palm Avenue
Reservoir VIC 3073

Bedrooms: 3
Bathrooms: 1
Car spaces: 2
Floor area: 110m2
Land area: 650m2
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Property Details for 6 Palm Ave, Reservoir

6 Palm Ave, Reservoir is a 3 bedroom, 1 bathroom House with 2 parking spaces and was built in 1960. The property has a land size of 650m2 and floor size of 110m2. While the property is not currently for sale or for rent, it was last sold in July 2023.

Building Type
House
Year Built
1960
Floor Size
110m2
Land Size
650m2
Local Government
Darebin
Lot/Plan
1/TP168170

Last Listing description (August 2023)

Introducing 6 Palm Avenue, Reservoir
Nestled in a sought-after location, this original residence presents a rare opportunity to create your dream home or explore exciting development prospects. With its prime location, generous land size, and a range of desirable features, this property is truly a hidden gem. Let's delve into the remarkable details of this unique opportunity.
Property Highlights:

Original Charm: Step into a bygone era with this charming original home. While it may be in its original condition, it offers a wealth of character and the potential to be transformed into something truly extraordinary. Embrace the opportunity to breathe new life into this property and make it a reflection of your personal style and vision.
.Comfortable Living: Enjoy the creature comforts of living with the inclusion of a split system, ensuring year-round comfort. With the ability to control the temperature in your home, you can create a cozy retreat during the cooler months and a refreshing oasis during the warmer seasons.
Spacious Bedrooms: Discover three well-proportioned bedrooms, providing ample space for family, guests, or the potential to create a home office or hobby room. With a little imagination and personalization, these rooms can be transformed into cozy sanctuaries that cater to your specific needs.
Bathroom: The home features a functional and well-maintained bathroom, offering the essential amenities for your daily routine. With a little TLC, this space can be enhanced to provide a relaxing oasis where you can unwind and rejuvenate.
Generous Land Size: Situated on a sprawling 650 square meters of land, this property presents a myriad of possibilities. The substantial land offers potential for subdivision, subject to council approval. Explore the opportunity to create additional dwellings, expand the existing property, or design your dream outdoor oasis.
Convenient Location: Boasting an enviable location, this property is situated in close proximity to local shops and the bustling Reservoir train station. Enjoy the convenience of having amenities, retail options, and public transportation at your doorstep, ensuring a seamless and connected lifestyle. No

Property History for 6 Palm Ave, Reservoir, VIC 3073

A timeline of how this property has performed in the market
Last Sold
$787,000
13 Jul 2023
Listed for Rent
$330/w
02 May 2016
  • 13 Jul 2023
    Sold for $787,000
  • 15 Jun 2023
    Listed for Sale Contact Agent
  • 02 May 2016
    Listed for Rent $330 / 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.