7 Gloucester St, Reservoir is a 2 bedroom, 1 bathroom House with 1 parking spaces. The property has a land size of 632m2. While the property is not currently for sale or for rent, it was last sold in February 2026. There are other 2 bedroom House sold in Reservoir in the last 12 months.
Set on a generous allotment of approximately 632sqm in a tightly held Reservoir pocket, 7 Gloucester Street, Reservoir presents an opportunity where location, land and long-term potential align.
Behind its classic frontage sits a two-bedroom, one-bathroom home offering immediate comfort while opening the door to future possibilities. Whether your vision is a considered renovation, a contemporary extension, or exploring development potential (STCA), this is a property that delivers flexibility on a block size that is increasingly hard to secure in such a well-regarded setting.
The home features well-proportioned rooms, a practical floorplan and excellent natural light throughout - a strong foundation for those looking to update, enhance or personalise over time.
Positioned in a quiet residential street, the location is a standout. Enjoy close proximity to parklands, local schools, public transport, cafés and shopping precincts, all within easy reach. With convenient access to major arterial roads and transport links, the CBD and Melbourne's vibrant inner-north lifestyle are easily accessible.
Offering land, location and future flexibility in equal measure, this represents a compelling opportunity to secure a foothold in one of Reservoir's most consistently in-demand neighbourhoods.
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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