2/31-33 Olive Street, Reservoir, VIC 3073 sold on 23 August 2025 | OnTheHouse
SOLD
Sold on 23 Aug 2025 - Price Unavailable

2/31-33 Olive Street
Reservoir VIC 3073

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
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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.

Building Type
Unit

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

A timeline of how this property has performed in the market
Last Sold
23 Aug 2025
Listed for Rent
30 Oct 2025
  • 21 Oct 2025
    Listed for Rent $430 / week
  • 23 Aug 2025
    Sold for $456,000
  • 29 Jul 2025
    Listed for Sale Auction: $395,000 - $430,000
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About Reservoir 3073

The size of Reservoir is approximately 18.9 square kilometres. It has 45 parks covering nearly 8.8% of 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 28,944 properties. Over the last 5 years, Houses in Reservoir have seen a 19.48% increase in median value, while Units have seen a 14.48% increase. As at 31 January 2026:

  • The median value for Houses in Reservoir is $996,610 while the median value for Units is $637,650.
  • Houses have a median rent of $550 while Units have a median rent of $520.
There are currently 106 properties listed for sale, and 68 properties listed for rent in Reservoir on OnTheHouse. According to Cotality's data, 1303 properties were sold in the past 12 months in Reservoir.

Suburb Insights for Reservoir 3073

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Contact agent
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Alastair Surtees
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Lucas Mitsinikos
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Ray White Reservoir
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Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.