1/55 Southernhay St, Reservoir is a 2 bedroom, 1 bathroom House with 2 parking spaces and was built in 1930. The property has a land size of 318m2 and floor size of 131m2. While the property is not currently for sale or for rent, it was last transferred in May 2026.
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"TAMBO" - a unique lifestyle opportunity in one of Reservoir's most exclusive streetscapes, this captivating Californian Bungalow delivers an environment of low-maintenance luxury with its alluring mix of authentic elegance, contemporary flair and outstanding urban convenience. Set on a sizeable sub-divided allotment with no shared land, the home's fully-renovated interior comprises three bedrooms (large master) all with built-in robes, together with a study/sunroom, deluxe bathroom and separate WC. Spacious and versatile, the central lounge flows through to the open dining area and adjoining stone-top kitchen complete with soft-close cabinetry, walk-in pantry, Bosch cooking appliances and integrated dishwasher. Other fine features of this period prize include ducted heating and evaporative cooling, high ceilings, efficient LED lighting and stylish hybrid flooring, plus the added appeal of a sunny courtyard and dual front off-street parking. Walking distance to public transport options including a choice of bus routes, Plenty Road trams and Regent Station, it's also close to popular schools (zoned to Preston Primary), as well as easy access to Darebin Creek trails, Latrobe University, local cafes and choice of shopping precincts.
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 29,189 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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