101A Royal Parade, Reservoir, VIC 3073
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Unlock Your Vision: 446m² of Potential in Reservoir for Builders, Developers & Seasoned Renovators
101A Royal Parade, Reservoir
Step into a world of opportunity in the heart of a thriving growth pocket, this property offers a unique canvas for builders, developers, and renovators ready to unlock its full potential. This well-maintained weatherboard home sits on an expansive 446m² block, ripe for transformation or redevelopment in one of Reservoir's most sought-after residential areas (STCA).
Surrounded by well-established and deep front and rear gardens, the home is immediately liveable, featuring polished timber floors, charming period architraves, and essential comforts like heating and cooling, it's also ripe for transformation. The layout includes two spacious bedrooms, a fully equipped kitchen with gas cooking, and a full-sized laundry, making it perfect for a renovation project that can cater to modern family needs.
Imagine the possibilities! The property offers ample space for extensions, landscaping, or even a multi-unit development (STCA).
Key Highlights:
• Prime 446m² block with significant redevelopment potential (STCA)
• Two generous bedrooms, including a master with wardrobe
• Well-appointed kitchen overlooking the garden, ready for an upgrade
• Polished timber floorboards and period details offer a charming backdrop
• Heating and cooling for immediate comfort, while you plan your vision
• Large driveway with space for up to 4 cars, adding convenience
• Peaceful, leafy location just steps from cafes, shops, and parks
This property is ideally situated just a short stroll from Broadway and Edwardes St cafes and shops, with easy access to the Reservoir Leisure Centre, Preston Market, and Northland Shopping Centre. Families will appreciate the proximity to quality primary schools and the zoning advantages that come with this location. Plus, with convenient access to Reservoir train station and tram routes, commuting to the CBD is a breeze.
Don't miss this unmatched opportunity to invest in a high-demand suburb. Whether you're looking to renovate or build your dream project, this is your chance to secure a foothold in Reservoir. Don't hesitate, this opportunity will not last! Contact us today to explore the possibilities.
Mario Elezovic
Managing Director
Got a property to sell? Contact us for a free Request Appraisal
Property Info:
- Property ID: L30719937
- Property Type:House
- Open Parking:4
We Know Your Area
R&H Suburb Profile: Reservoir
R&H Suburb Summary | Houses |
---|---|
Number of sales | 458 |
Average Price | $961,697 |
Median Price | $900,000 |
Median Rental Price | $530 p.w. |
Change in Rental Rate (5yr) | 34 % |
R&H Suburb Summary | Units |
---|---|
Number of sales | 385 |
Average Price | $618,715 |
Median Price | $611,000 |
Median Rental Price | $500 p.w. |
Change in Rental Rate (5yr) | 37 % |
Median Trend - $900,000
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