1/71 Lane CrescentReservoir VIC 3073
Property Details for 1/71 Lane Cres, Reservoir
1/71 Lane Cres, Reservoir is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1960. The property has a land size of 300m2 and floor size of 90m2. While the property is not currently for sale or for rent, it was last sold in July 2024.
Last Listing description (August 2024)
Welcome to 1/71 Lane Crescent, Reservoir, where character meets convenience. This delightful 2-bedroom, 1-bathroom home is brimming with charm, featuring a decorative fireplace in the living area that adds a touch of elegance.
The kitchen has been thoughtfully updated, offering a space to cook and entertain. Both bedrooms are filled with natural light and are serviced by a central bathroom complete with a relaxing bathtub.
Step outside to enjoy the expansive front garden or unwind in the north-facing rear courtyard. Whether you're enjoying a morning coffee or hosting a weekend barbecue, these outdoor spaces are perfect for leisure and entertainment.
Additional features also include split system heating and cooling, solid timber floors throughout, charming picture rails, built in robes in both bedrooms and so much more.
Location is key, and this home has it all! Situated close to schools, parks, and public transport, you'll have easy access to Summerhill Shopping Centre, the 86-tram line, and Reservoir Station, making trips to the CBD a breeze.
Ideal for first home buyers looking to enter the market, downsizers seeking a low-maintenance lifestyle, or investors aiming for a solid rental return, this property is a fantastic opportunity!
Property History for 1/71 Lane Cres, Reservoir, VIC 3073
- 25 Jul 2024Sold for $590,000
- 09 Jul 2024Listed for Sale UNDER OFFER
- 05 Jun 2014Sold for $340,000
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About Reservoir 3073
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 -3.25% decrease in median value, while Units have seen a 9.27% increase. As at 31 August 2026:
- The median value for Houses in Reservoir is $936,038 while the median value for Units is $652,602.
- Houses have a median rent of $600 while Units have a median rent of $540.
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