2/31-33 Olive StreetReservoir VIC 3073
Property Details for 2/31-33 Olive St, Reservoir
2/31-33 Olive St, Reservoir is a 1 bedroom, 1 bathroom Unit with 1 parking spaces. While the property is not currently for sale or for rent, it was last sold in August 2025. There are other 1 bedroom Unit sold in Reservoir in the last 12 months.
Last Listing description (August 2025)
Perfectly positioned in a boutique group of well-maintained residences, this stylishly updated one-bedroom villa offers a comfortable, low-maintenance lifestyle ideal for first home buyers, downsizers, or investors seeking a high-quality addition to their portfolio.
Stepping inside, you're greeted by a warm and inviting interior with polished timber floors that extend through a generous open-plan living and dining area. This space is bathed in natural light and effortlessly connects to a well-equipped kitchen, thoughtfully updated with quality appliances, tiled splashback, and ample storage-perfect for daily meals or weekend entertaining.
One of the standout features is the cleverly designed study nook, offering a dedicated work-from-home zone without compromising living space. Whether you're working remotely, studying, or in need of a creative corner, this functional addition adds flexibility to the floorplan.
The spacious bedroom features built-in robes and leafy outlooks, serviced by a central bathroom with contemporary updates, integrated laundry facilities, and a crisp, neutral colour palette that adds to the home's fresh, move-in-ready appeal.
Step outside to a surprisingly spacious, private courtyard-ideal for alfresco dining, weekend BBQs, or simply enjoying a morning coffee in the sun. The outdoor space is low-maintenance, making it a relaxing extension of the home and a rare feature in one-bedroom properties.
Other features include a carport directly adjacent to the home, split system heating and cooling, security doors, and a peaceful, community-focused environment within a small complex of similarly cared-for homes.
The location is equally impressive: nestled in a well-connected pocket of Reservoir, you'll enjoy easy access to Reservoir Train Station, Edwardes Street shops and cafes, Reservoir Leisure Centre, local parks and green spaces, and the vibrant Reservoir Village. The iconic Edwardes Lake Park is just moments away, providing beautiful open spaces for recreation and relaxation.
Whether you're looking for a smart entry into the property market, a comfortable place to downsize, or a set-and-forget investment in one of Reservoir's most convenient locations, this well-appointed home delivers on all fronts.
Property History for 2/31-33 Olive St, Reservoir, VIC 3073
- 21 Oct 2025Listed for Rent $430 / week
- 23 Aug 2025Sold for $456,000
- 29 Jul 2025Listed for Sale Auction: $395,000 - $430,000
Recent sales nearby
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0About 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 28,996 properties. Over the last 5 years, Houses in Reservoir have seen a 6.60% increase in median value, while Units have seen a 14.29% increase. As at 30 April 2026:
- The median value for Houses in Reservoir is $968,594 while the median value for Units is $651,866.
- Houses have a median rent of $570 while Units have a median rent of $525.
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