51 Southernhay St, Reservoir is a 3 bedroom, 1 bathroom House with 2 parking spaces. The property has a land size of 545m2. While the property is not currently for sale or for rent, it was last sold in September 2025. There are other 3 bedroom House sold in Reservoir in the last 12 months.
When position, proportions and potential are combined, the partnership is impossible to resist, and with this original timber home the foundations are solid to get creative with a modern renovation/home extension or duplex development with rear lane access (STCA). The interior begins with an entrance foyer that flows past a separate living room and three large bedrooms before stepping into a central kitchen and meals area, nearby to a bathroom and laundry. The rear yard includes established gardens along with a large garage. Positioned in the tightly held Oakhill Estate, close to public transportation, local schools, parklands and with cosmopolitan High Street shops and dining nearby.
Due diligence checklist - for home and residential property buyers
http://www.consumer.vic.gov.au/duediligencechecklist
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 29,149 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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