1/16 Yarra Ave, Reservoir is a 3 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1960. The property has a land size of 311m2 and floor size of 87m2. While the property is not currently for sale or for rent, it was last sold in October 2022.
This single-level residence seeks new owners who have an appreciation for style and substance. Its quality brick construction, beautifully rendered exterior and cleverly conceived interior that enhances indoor-outdoor flow are just a handful of outstanding features on offer. The heart of this enticing home is enriched with a semi open plan concept that accesses low-maintenance gardens on either side. The floor plan incorporates a lounge, dining area and stylish subway tiled kitchen equipped with stainless steel appliances and plentiful cabinetry. Space for respite has also been carefully considered with three bright bedrooms each serviced by a lovely bathroom. Additional highlights also include polished hardwood floors, quality window furnishings, ducted heating and cooling, solar panels and car accommodation for four. Positioned only minutes from Summerhill shopping and eateries, great local schools and universities (La Trobe, RMIT, Reservoir East Primary and Reservoir High), parklands, Edwardes Street shopping and public transportation including the 86 Tram on Plenty Road.
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 29,012 properties. Over the last 5 years, Houses in Reservoir have seen a 4.72% increase in median value, while Units have seen a 12.44% increase. As at 31 May 2026:
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