1/12 Lane Cres, Reservoir is a 3 bedroom, 2 bathroom Townhouse with 2 parking spaces and was built in 2017. The property has a land size of 226m2 and floor size of 124m2. While the property is not currently for sale or for rent, it was last sold in January 2023.
Extremely stylish and light-filled, this contemporary three bedroom, two bathroom townhouse is one of only three alongside the perfect choice for eager lifestyle connoisseurs, young families and investors. Ensuring premium finishes throughout, it boasts exclusive street frontage complemented by a sizeable front yard; while inside, the interiors intelligent open plan has been crafted to maximise space. Well-appointed in solid stone benchtops and abundant soft-close cabinetry, the designer kitchen also showcases stainless-steel freestanding gas cooktop/electric oven, dishwasher, waterfall island and deep walk-in-pantry. Entertain at home with the versatile meals/family domain as it leads to a low-maintenance backyard that enjoys a sunny northerly aspect. Carpeted bedrooms comprise built-in-robes and flank the opulent fully tiled bathroom with frameless glass shower, bathtub, stone vanity and separate WC. The comfortable master accommodation is highlighted by a walk-in-robe and private ensuite. Add to this, modern floorboards, multiple heating/cooling split systems, alarm, powder room (third toilet), internal laundry, rainwater tank, plus remote-controlled double garage with internal access and under-stair storage. Enviably located only 13km to Melbournes vivacious CBD, it is in close vicinity to leafy parkland, Preston Cycling Club, Reservoir Leisure Centre, convenient Broadway/Spring Street shops/cafes, quick freeway access and schools/childcare.
The size of Reservoir is approximately 18.9 square kilometres. There are 45 parks, covering nearly 8.8% of the 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 29,150 properties. Over the last 5 years, Houses in Reservoir have seen a -0.25% decrease in median value, while Units have seen a 10.34% increase. As at 31 July 2026:
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