SOLD
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Sold on 16 Aug 2024 for $895,000

7 Pedersen Avenue
Reservoir VIC 3073

Bedrooms: 4
Bathrooms: 2
Car spaces: 2
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Property Details for 7 Pedersen Ave, Reservoir

7 Pedersen Ave, Reservoir is a 4 bedroom, 2 bathroom House with 2 parking spaces. While the property is not currently for sale or for rent, it was last sold in August 2024. There are other 4 bedroom House sold in Reservoir in the last 12 months.

Building Type
House
Local Government
Darebin
Lot/Plan
128/LP75533

Last Listing description (August 2024)

Owner built in c1983, this meticulously maintained four bedroom two bathroom residence on a 534m2 (approx.) allotment with ROW offers growing families excellent entry to everything Reservoir has to offer. Steps to Gertz Street shopping, near Darebin Creek trails, Bundoora Park and an excellent range of schools, this spacious home boasts a wealth of living space, sizeable rear gardens and a studio to the rear of the garage that would make a fine home office. Polished hardwood floors make a smart first impression in this spotless home, where formal living and dining zones are flooded in natural light and a pristine quality appointed central kitchen complete with a breakfast bar oversees relaxed family living. Entertain alfresco in the rear gardens that offer space for vegetable plots while incorporating a single garage and its adjacent studio. Add to this, spotless bathrooms, master with an ensuite, huge laundry, great storage, ducted heating, air-conditioner and two carports. All in a fast-evolving locale within easy reach of central Reservoir shopping and trains and the M80 Ring Road.

Property History for 7 Pedersen Ave, Reservoir, VIC 3073

A timeline of how this property has performed in the market
Last Sold
$895,000
16 Aug 2024
  • 16 Aug 2024
    Sold for $895,000
  • 07 Jun 2024
    Listed for Sale $ 899,900

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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 28,264 properties. Over the last 5 years, Houses in Reservoir have seen a 23.05% increase in median value, while Units have seen a 21.24% increase. As at 31 August 2024:

  • The median value for Houses in Reservoir is $928,587 while the median value for Units is $602,189.
  • Houses have a median rent of $520 while Units have a median rent of $480.
There are currently 181 properties listed for sale, and 67 properties listed for rent in Reservoir on OnTheHouse. According to CoreLogic's data, 1049 properties were sold in the past 12 months in Reservoir.

Suburb Insights for Reservoir 3073

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Colin Abbas
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Isaac Katsouranis
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Jellis Craig Reservoir
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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.