3/71 Summerhill RoadReservoir VIC 3073
Property Details for 3/71 Summerhill Rd, Reservoir
3/71 Summerhill Rd, Reservoir is a 2 bedroom, 1 bathroom Townhouse with 1 parking spaces and was built in 2019. The property has a land size of 581m2 and floor size of 78m2. While the property is not currently for sale or for rent, it was last sold in February 2023.
Last Listing description (February 2023)
Nestled in a prime position on the fringe of Preston, this modern townhouse is designed to provide convenience in every way with little maintenance.
Location couldn't be more perfect with nearby ammenities comprising of Summerhill Shoppig Centre, Northland shopping centre, tram and bus routes and Darebin creek parklands and walking trail allowing you to enjoy the serenity on suburban living.
The three storey layout boasts two ample sized bedroms with built-in robes, a neautral toned bathroom, open plan living, dining and kitchen area (kitchen featuring stone bencthops and s/s appliances) with access to the balcony, european laundry, powder room and lock up garage with internal access.
Additional features include split system heating/cooling, lovely tiles throughout, decking on the balcony, plush carpet in the bedrooms and holland blinds.
An ideal opportunity for first home buyers, young families and astute investors looking to capitalise on capital growth and high rental yields.
There is also the option to take advantage of a 5-year lease-back arrangement commencing from the next tenancy, if applicable to you.
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Material Facts - please refer to the contract of sale and vendor statement for any/all material facts.
Land size sourced from land.vic.gov.au. This document has been prepared to assist solely in the marketing of this property. While all care has been taken to ensure the information provided herein is correct, Harcourts Rata & Co takes no responsibility for any inaccuracies. Accordingly all interested parties should make their own enquiries to verify the information, including and not limited to land size.
Property History for 3/71 Summerhill Rd, Reservoir, VIC 3073
- 11 Feb 2023Sold for $495,000
- 26 Aug 2022Listed for Sale $499,500
- 04 Dec 2019Listed for Rent - Price not available
Recent sales nearby
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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 2.30% increase in median value, while Units have seen a 10.80% increase. As at 30 June 2026:
- The median value for Houses in Reservoir is $957,158 while the median value for Units is $645,988.
- Houses have a median rent of $590 while Units have a median rent of $530.
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