53 Leamington St, Reservoir is a 3 bedroom, 1 bathroom House with 2 parking spaces. The property has a land size of 589m2. While the property is not currently for sale or for rent, it was last sold in May 2025. There are other 3 bedroom House sold in Reservoir in the last 12 months.
Sitting on a generous 589m2 allotment (approx.) in a sought-after pocket, this original home, in need of a total renovation, delivers an exceptional opportunity for those willing to roll their sleeves up and take advantage of an affordable start while visualising the alluring potential. Astute buyers can reap the rewards of complete conversion, or explore the options of a total rebuild and enjoy all the benefits of a fresh start. Alternatively, buyers may look to take the lead of the neighbours and investigate subdivision or development options (all stca).
* An easy walk to the station and the lifestyle benefits in the centre of Reservoir
* Large land introduces options for extension/subdivision (stca)
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. 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 28,942 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:
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