54/2 Gremel RoadReservoir VIC 3073
Property Details for 54/2 Gremel Rd, Reservoir
54/2 Gremel Rd, Reservoir is a 2 bedroom, 1 bathroom Unit with 1 parking spaces. The property has a land size of 194m2.
Last Listing description (November 2023)
Situated on the outskirts of Summerhill Residential Park is a fabulous opportunity for someone to move into a cosy home that is surrounded by amenities, a wonderful community and a rear yard ideal for a keen gardener with uninterrupted city views clear in the day and at night.
To live in the Residential Park you will need to be over 55 years of age, there is a fortnightly fee of $580 for one person and more for two people you are only purchasing the building and not the land. The fees cover garden maintenance, common ground insurance, and water.
The accommodation offers a sunlit formal lounge, informal dining area and a spacious kitchen with ample of bench space and storage and a magnificent view of the city from the kitchen window, all heated and cooled by the split system. Other features are 2 bedrooms (one with Birs), central bathroom, separate toilet and laundry facilities that leads to the carport and car space.
Property History for 54/2 Gremel Rd, Reservoir, VIC 3073
- 07 Jun 2023Listed for Sale Not Disclosed
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 28,994 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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