37 Home Street, Reservoir, VIC 3073 | House for sale | OnTheHouse
 
FOR SALE
Auction: $900,000 - $990,000

37 Home Street
Reservoir VIC 3073

Bedrooms: 3
Bathrooms: 1
Car spaces: 4
Land area: 744m2
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Auction Time
Sat 20 Dec 11:00 am
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A Classic Weatherboard With Exceptional Scope on 744sqm (Approx.)

Exceptionally positioned on the high side of the street with impressive elevated outlooks, 37 Home Street, Reservoir offers a rare blend of character, land and limitless potential. Sitting proudly on a substantial 744sqm (approx.) parcel on the tightly held fringe of the Oakhill Estate, this classic three-bedroom weatherboard home provides instant comfort along with outstanding future possibilities-ranging from a contemporary renovation or extension to a full-scale redevelopment (STCA).
The elevation of the property not only enhances privacy but also provides the home with beautiful district views, capturing treetops, rooftops and the gentle rise of the surrounding neighbourhood. Whether enjoyed from the front rooms or envisioned as part of a future second-storey extension, these outlooks elevate the property far beyond the standard Reservoir offering.
Step inside to discover a warmly presented floorplan featuring a sunlit living room, dedicated dining space and a well-kept kitchen ready for immediate use or future enhancement. Three generous bedrooms, a central bathroom and a separate laundry complete the practical layout, offering an easy foundation for those ready to add their own style and vision.
A standout feature is the exceptional car accommodation: a three-car tandem garage, complemented by an expansive driveway capable of hosting several additional vehicles-perfect for tradespeople, multi-car households, boats or trailers.
The vast rear yard provides an incredible canvas for transformation. With its impressive width and depth, the block lends itself seamlessly to a substantial architectural extension, outdoor entertaining zones, or a multi-dwelling redevelopment designed to take advantage of the block's elevation and views (STCA).
Surrounded by the leafy streets that characterise the Oakhill fringe, the home is positioned moments from parks, schools, Reservoir Station, bus routes, Edwardes Street cafés, Reservoir Village shopping and key arterial connections. It's a location celebrated for its community feel, long-term capital growth and excellent liveability.
37 Home Street represents a rare opportunity to secure an elevated landholding with sweeping views in one of Reservoir's most desirable pockets. A charming home with enormous potential-ready to reward renovators, developers and families seeking a premium-positioned property with exceptional upside.
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Property Details for 37 Home St, Reservoir

37 Home St, Reservoir is a 3 bedroom, 1 bathroom House with 4 parking spaces. The property has a land size of 744m2. The place is currently for sale with Ray White Reservoir.

Building Type
House
Land Size
744m2
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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 2016 was 50474 people. By 2021 the population was 51096 showing a population growth of 1.2% 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 2021, 59.90% of the homes in Reservoir were owner-occupied compared with 59.30% in 2016.

Reservoir has 28,939 properties. Over the last 5 years, Houses in Reservoir have seen a 19.99% increase in median value, while Units have seen a 15.48% increase. As at 30 November 2025:

  • The median value for Houses in Reservoir is $970,763 while the median value for Units is $639,892.
  • Houses have a median rent of $550 while Units have a median rent of $510.
There are currently 115 properties listed for sale, and 81 properties listed for rent in Reservoir on OnTheHouse. According to Cotality's data, 1276 properties were sold in the past 12 months in Reservoir.

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Alastair Surtees
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Nicole Liang
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Ray White Reservoir
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