Reservoir

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Reservoir Townhouses combine contemporary design over single level, attracting downsizers, first home buyers, and investors.

Single level boutique townhouses designed with lifestyle in mind, combining large open space, European kitchen appliances timber floors, stone benchtops, air conditioning/heating and large private gardens.

<figure><a class="colorbox colorbox-insert-image" href="https://www.urban.com.au/buildings/42-kirby-street-reservoir?utm_source=sms&amp;utm_medium=sms" rel="gallery-all"><img alt="" class="image-article-full-width-580px" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/42-kirby-street-reservoir-f4676680222e36fd1674a32a13688fbc.jpg?itok=moNQAr1A" style="width: 580px; height: 290px;"></a></figure>You’ll find Reservoir just above Preston, echoing that northern charm of an established suburb with a multicultural, family vibe while still being close enough to town. You can enjoy a dynamic multicultural lifestyle in Reservoir, with various types of restaurant, bustling markets, expansive public gardens and riverside bike paths, all within view of the city.

Edwardes Street and Broadway have an amazing array of cafes, European delis and old school bakeries such as Sargent's Bakery established in the 1950's. Close proximity to Summerhill and Northland Shopping Centre providing over 400 retail stores to accommodate every shoppers needs.

<figure><a class="colorbox colorbox-insert-image" href="https://www.urban.com.au/buildings/42-kirby-street-reservoir?utm_source=sms&amp;utm_medium=sms" rel="gallery-all"><img alt="" class="image-article-full-width-580px" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/42-kirby-street-reservoir-f5ce7403838848a2d31fafca77f5c959.jpg?itok=S9f29EOo" style="width: 580px; height: 580px;"></a></figure>Reservoir is also home to some great private and public schools including Reservoir High School, Parade Secondary College and Preston North East Primary. For those looking for a higher education La Trobe University is less than 3 km from Reservoir Residences and easily accessible via car or public transport. RMIT Bundoora Campus is also less than 10 minutes drive away.

<ul>
<li>Completed and ready to move in.</li>
	<li>Located within walking distance to parks and shops.</li>
	<li>Family friendly community of Reservoir.</li>
</ul>
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urban.com.au

Single level boutique townhouses designed with lifestyle in mind, 42 Kirby Reservoir

A boutique collection of 12 townhouses in the heart of Reservoir is catering to families, with extensive native landscapes and an established family-oriented community.

Ramley Residence, delivered by Monolith Projects, showcases contemporary and sophisticated design that blends into the natural surrounds of one of Reservoir&rsquo;s parklands pockets.

The vibrant community is underpinned by outstanding proximity to infrastructure and amenities.

[smartcode_project:default project_id=27801 project_image_fid=75022]

Full of large green spaces, the home is close to trails and reserves including Edwards Lake, Darebin Creek Trail and Bundoora Park, perfect for a barbeque and capturing city views from the top of Mount Cooper.

Spoilt by this abundance of parklands, Reservoir is home to an active community enjoying lifestyle offerings, shopping and dining, and a major health and medical precinct.

The three-bedroom, two-bathroom homes, which begin from $638,000, are carefully crafted to deliver refined and luxurious residences.

[smartcode_project:default project_id=27801 project_image_fid=75025]

Celebrating contemporary living, the refined homes boast intelligent floorplans, seamless outdoor connections, and abundant light.

Residents can enjoy and a bespoke living experience thanks to chic designer kitchens, private gardens and open-plan living spaces.

[smartcode_project:default project_id=27801 project_image_fid=75024]

Each home is introduced by an inviting separate lounge and is equipped with European appliances, timber highlights and entertaining areas.

Finely articulated through softly muted tones and finishes, which are inspired by nature, bring serenity into the multi-living homes and reference back to the natural landscapes of Reservoir.

The homes let families and upsizers escape the hustle and bustle of inner-city life with an abundance of community spaces available to promote an active and connected lifestyle.

[smartcode_project:default project_id=27801 project_image_fid=75021]

Melbourne&rsquo;s most diverse park, Bundoora Park, delivers over 180-hectares to unwind with family and friends; it is home to a popular children&rsquo;s farm, much-loved playgrounds and barbeque areas for family gatherings.

Nearby a selection of quality government schools and Catholic schools, Reservoir is rich in choices of education for your children &ndash; from early learning through to university.

[smartcode_project:default project_id=27801 project_image_fid=75020]

The suburb is serviced by the Mernda train line and boasts four train stations of its own. The main hub, Reservoir Station, has recently undergone a sky rail transformation.

Ramley Residence is expected to reach completion later this year.

[smartcode_project_cta: project_id=27801]

Full of large green spaces, the home is close to trails and reserves including Edwards Lake, Darebin Creek Trail and Bundoora Park 

max.kwok_55688

Reservoir townhouse development Ramley Residences set in the heart of nature

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A first home buyer has paid $691,000 sight unseen for a Reservoir home in one of the last online auctions to take place before Stage Four restrictions came into effect in Melbourne. The three-bedroom, one-bathroom home at <a href="https://ecomms.raywhite.com/collect/click.aspx?u=aWtvbmtzQ3B5UC9uRHJOaVpZTlZPcU9ibGI3SFF5YjFLOXBFSGJjMjExRjVnbXgzV0d5ZEFLY052ZjRoMERUckJkYjVvaWx4WmxPbUN5bGdSNXBzWmhZWTFndnFOQ3hkN29hNEYvdU52eVBVenFNUENrWHAxcHg4K0ExMXNPMGFjWkl4TVVveFB0RXNBS1Vza1MzZFBVdWRpY3hUMHZ6blQwTmtLbVdEa29BPQ==&amp;rh=ff0066cd4c8712023019a04a7f48b1c6184bc3d0" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">1091 High Street</a> was successfully sold under the hammer by Ray White Reservoir Senior Sales Agents Matthew Clark and Keb Nguyen.
“The property only went online last Tuesday (28 July) and over the course of the last seven days we had 12 physical inspections and an unmeasurable amount of online inspections,” Mr Clark said.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2020/8/10/Ray%20White%20Reservoir%20Senior%20Sales%20Agent%20Matthew%20Clark%20-%20left%20-%20and%20vendor%20of%201091%20High%20Street%20in%20Reservoir%20Chloe%20-%20right.jpg" alt=""> “The purchaser is a first home buyer who never physically inspected the home, only viewing through the online inspection process, photos and video."
“We know the online auction process works for our vendors, so we’ll continue to go through the online inspection and online auction process as long as needed"
“The auction itself attracted 22 people online and five registered bidders, two of whom were active, and they actively competed before the hammer fell at $691,000 – the vendor is delighted.”
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j.ballantyne1990-6AQqhLzZaK

Reservoir home bought unseen via online auction

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The Melbourne suburb of Reservoir is host to the highest volume of auctions this weekend, with 23 homes set to go under the hammer, according to CoreLogic.
Next busiest is Mount Waverley, also in Melbourne, with 19 scheduled auctions.
This week, the number of auctions scheduled to take place across the combined capital cities is expected to fall, with 2,369 currently being tracked by CoreLogic, decreasing from the 2,590 auctions held last week at final results.
Over the same week, last year a higher 2,701 auctions took place across the capital cities.
Both Melbourne and Sydney are expected to see a decrease in activity this week, with 1,100 homes scheduled for auction across Melbourne, while Sydney is set to host 886 auctions, increasing on the 1242 and 947 auctions held last week respectively.
Within the smaller auction markets volumes like Brisbane and Canberra, auction volumes increase week-on-week, while Adelaide, Perth and Tasmania will see fewer auctions.
<img src="https://www.urban.com.au/images/2019/11/22/Auction%20Clearance%20NOV%2022.JPG" alt="">
The dearest home being auctioned off in Reservoir this week, according to RealEstate.com.au is <a href="https://www.realestate.com.au/property-house-vic-reservoir-132323006" target="_blank">5 Frier Avenue</a> (pictured is title).
The three bedroom, one bathroom house is being takent to auction with a price guide of $950,000 - $1,045,000.
It is described in the listing as a "classic Californian with unrivalled Oakhill prestige... with plenty of room to expand (STCA)."
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Reservoir is set to be the busiest auction suburb this weekend

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The Melbourne suburb of Reservoir is host to the highest volume of auctions this weekend, with 12 homes set to go under the hammer, according to CoreLogic.
Next busiest are Brunswick, Craigieburn and Glen Waverley, also in Melbourne, with 9 scheduled auctions each.
This week, the number of auctions scheduled to take place across the combined capital cities is expected to rise, with 1,012 currently being tracked by CoreLogic, increasing from the 896 auctions held last week at final results.
Over the same week, last year a much higher 1,5936 auctions took place across the capital cities.
Both Melbourne and Sydney are expected to see an increase in activity this week, with 480 homes scheduled for auction across Melbourne, while Sydney is set to host 366 auctions, increasing on the 410 and 303 auctions held last week respectively.
Within the smaller auction markets volumes are set to be higher across Adelaide, unchanged in Canberra and lower across Brisbane, Perth and Tasmania over the week.
<img src="https://www.urban.com.au/images/2019/7/25/Reservoir%20Auctions%20-%20July%2025%20-%201.JPG" alt="">
The busy auction weekend in Reservoir sees <a href="https://www.realestate.com.au/property-house-vic-reservoir-131486362" target="_blank">6 Ida Court</a> (pictured in title) offered.
The property going under the hammer is a three bedroom, one bathroom house with a price guide of $650,000 - $710,000.
<img src="https://www.urban.com.au/images/2019/7/25/Reservoir%20Auctions%20-%20July%2025%20-%203.JPG" alt="">
Another example of the breadth of auctions taking place in Reservoir is <a href="https://www.realestate.com.au/property-townhouse-vic-reservoir-131468426" target="_blank">4/71 Summerhill Road</a> (pictured above).
The property going under the hammer is a two bedroom, one bathroom townhouse with a price guide of $450,000 - $495,000.
<img src="https://www.urban.com.au/images/2019/7/25/Reservoir%20Auctions%20-%20July%2025%20-%204.JPG" alt="">
A third property going to auction in Reservoir this week is <a href="https://www.realestate.com.au/property-townhouse-vic-reservoir-130722394" target="_blank">1/57 Yarra Avenue</a> (pictured above).
The property going under the hammer is a two bedroom, two bathroom townhouse with a price guide of $650,000 - $715,000.
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Reservoir set to be the busiest auction suburb this weekend

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The Melbourne suburb of Reservoir is host to the highest volume of auctions this weekend, with 16 homes set to go under the hammer, according to CoreLogic.
Next busiest are Coburg and Epping, also in Melbourne, with 12 scheduled auctions each.
This week, the number of auctions scheduled to take place across the combined capital cities is expected to rise, with 1,384 currently being tracked by CoreLogic, increasing from the 1,026 auctions held last week at final results.
Over the same week, last year a much higher 2,311 auctions took place across the capital cities.
Both Melbourne and Sydney are expected to see an increase in activity this week, with 632 homes scheduled for auction across Melbourne, while Sydney is set to host 503 auctions, increasing on the 498 and 332 auctions held last week respectively.
The smaller auction markets will also see a higher volume of homes auctioned week on week with the exception of Brisbane where fewer auctions are scheduled.
<img src="https://www.urban.com.au/images/2019/5/2/May%205%20Auction%20stats.JPG" alt="">
The busy auction weekend in Reservoir sees <a href="https://www.realestate.com.au/property-house-vic-reservoir-130896838" target="_blank">22 Knox Street</a> (pictured in title) offered.
The property going under the hammer is a three bedroom one bathroom house.
It comes with a price guide of $780,000 - $850,000.
<img src="https://www.urban.com.au/images/2019/5/2/Reservoir%20May%205%20Auction%202.JPG" alt="">
Another example of the breadth of auctions taking place in Reservoir is <a href="https://www.realestate.com.au/property-unit-vic-reservoir-130951802" target="_blank">3/8 Duffy Street</a> (pictured above).
The property going under the hammer is a two bedroom one bathroom villa.
It comes with a price guide of $510,000 - $550,000.
<img src="https://www.urban.com.au/images/2019/5/2/Reservoir%20May%205%20Auction%203.JPG" alt="">
A third property going to auction in Reservoir this week is <a href="https://www.realestate.com.au/property-house-vic-reservoir-129112970" target="_blank">85 Barry Street</a> (pictured above).
The property going under the hammer is a three bedroom one bathroom house.
It comes with a price guide of $550,000 - $600,000.
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Reservoir set to be busiest weekend auction hotspot

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All five of the busiest suburbs for auctions this week are in Melbourne with Reservoir coming in first place hosting 28 auctions.
In second is Mount Waverley (21) and third Glen Waverley (19), while rounding out the top five Bentleigh East and Richmond are set to hold 17 auctions each this week.
The number of homes scheduled to go to auction this week is set to rise across the combined capital cities with CoreLogic currently tracking 2,602 auctions, up from 2,386 over the previous week.
Melbourne accounts for 51 per cent of all auctions this week with just over 1,300 homes scheduled to go under the hammer, increasing from 1,127 last week.
Sydney volumes are sitting at similar levels week-on-week with 845 auctions currently on the radar, compared to 844 last week.
Across the smaller auction markets, Adelaide will see fewer homes taken to auction week-on-week, while Brisbane, Perth and Tasmania will see auction activity increase.
Canberra will see little change in auction volumes when compared to last week. 
<img src="https://www.urban.com.au/images/2018/11/15/Auctions%20this%20week%20Nov%2015.JPG" alt="" width="648" height="480">
Reservoir's weekend listings include 28 Bray Street, Reservoir (pictured above).
The four bedroom two bathroom house comes with a price guide of $840,000 to $895,000.
Set on 812 sqm the home features a double car garage.
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Reservoir is the busiest auction suburb this week

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One of the more complex level crossing removal sites is set to get underway with the State Government announcing the Mernda railway line and new Reservoir station will be elevated above the intersection of High Street, Broadway, Spring Street, Cheddar Road and Edwardes Street.

Reference drawings published on the Level Crossing Removal Authority's website depict elevated platforms that sit further north compared to the existing at-grade platforms.

One such render also emphasises the new pedestrian links that will be created by elevating the station, connecting Edwardes Street and Broadway through two pedestrian crossings and the station forecourt underneath the new platforms.

According to the State Government, 'on average, 36,000 vehicles travel through the Reservoir level crossing each day with the boom gates down for 24 minutes during the morning peak. In the past decade there were three recorded collisions and one fatality plus 26 near miss incidents at this site.'

Work has begun with site establishment, geotechnical work and the relocation of services kicking off in earnest.  The level crossing removal is expected to be complete by 2020.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public//pictures/article-images/reservoir3.jpg" rel="gallery-all" title="Reference design for the new Reservoir station. Image: LXRA"><img alt="" class="image-article-full-width-580px" height="416" src="/sites/urban.melbourne/files//styles/article_full_width_580px/public/pictures/article-images/reservoir3.jpg?itok=GSPlnKvP" title="Reference design for the new Reservoir station. Image: LXRA" width="580"></a>

<figcaption>Reference design for the new Reservoir station. Image: LXRA</figcaption></figure><h2>Comment</h2>

Reservoir is one of the locations mooted to include an interchange with the Suburban Rail Loop (SRL) - the election proposal by the Andrews Government to build an underground rail line from Cheltenham to the Airport and a mixture of surface and underground track between Melbourne Airport and Werribee.

Should the Andrews Government be re-elected, they have promised to invest in a business case for the SRL which will likely include a reference design for each of the proposed stations.

It's a safe bet the reference design for Reservoir will likely take further connections to an underground set of platforms into account - despite transferring passengers having to traverse at least 4 'levels' to move between platforms (Mernda Line platforms, surface/station entrance level, underground mezzanine, SRL platforms).  

Reservoir and Heidelberg stations would be the two interchange stations likely to see the most transferring passengers headed to the SRL's mooted station at La Trobe University and it will be interesting to see if there are any changes to the design of Reservoir should the Andrews Government be re-elected and pursue the SRL project.
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Alastair Taylor

Reservoir's level crossing removal set to get underway

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Topping the list with 17 homes scheduled for auction this weekend is Reservoir, according to CoreLogic.
Runner ups with 13 scheduled auctions each, are Craigieburn and Mount Waverley.
This week, CoreLogic is currently tracking 1,566 capital city auctions, increasing from the 1,402 auctions held last week.
<img src="https://www.urban.com.au/images/2018/8/16/Auction%20Preveiw%202.JPG" alt="">
 
Melbourne and Sydney are set to see a higher volume of auctions this week, with 793 and 535 scheduled, up from last week’s final result of 721 and 458 auction’s held respectively.
Across the smaller markets, activity is expected to be higher in Brisbane and Canberra, while volumes across Adelaide and Tasmania will remain steady, with Perth the only auction market expected to host fewer auctions.
<img src="https://www.urban.com.au/images/2018/8/16/Auction%20Preveiw.JPG" alt="">
The overall number of properties scheduled for auction this week is expected to be lower than final results from the same week last year when 2,064 auctions were held.
The final auction clearance rate across the combined capital cities rose to 54.9 per cent across a higher volume of auctions last week, with 1,402 held, increasing from the 1,324 auctions the week prior when 54 per cent cleared.
Last week’s clearance rate was lower than the 67.5 per cent recorded over the same week one year ago when volumes were higher (2,040).
<img src="https://www.urban.com.au/images/2018/8/16/Auction%20Preveiw%203.JPG" alt="">
Indicative of the strong auction showing from Reservoir this coming weekend, 51 Queens Street, Reservoir (pictured in title) goes to auction this Saturday with a price guide of $1.15 to $1.25 million.
The 818 sqm property has a clear view of the Melbourne skyline.
The five bedroom three bathroom home is a short trip from Regent train station.
<img src="https://www.urban.com.au/images/2018/8/16/Latrobeee.JPG" alt="">
Another home going to auction this weekend is 17 McColl Street, Reservoir (pictured above).
This three bedroom two bathroom house has a price guide of $880,000 to $930,000.
The property is situated within a short distance of numerous shopping centres, schools and Latrobe University.
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Reservoir again the busiest suburb for auctions this weekend

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Auction volume numbers are lower this weekend than last, while all the busiest suburbs are in Victoria.
Reservoir tops the list with 17 homes set to go under the hammer, followed by Glen Waverley with 14 and Craigieburn with 13 auctions scheduled.
Last weekend 2,002 auctions were held. This weekend only 1,736 are scheduled.
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Melbourne is the busiest city for auctions again this week, with 879 auctions being tracked so far, however volumes are expected to be down slightly on last week’s final figures which saw 992 auctions held across the city.
 
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Click here <a href="https://www.propertyobserver.com.au/images/2018/6/22/auctions.jpg" target="_blank">to enlarge.</a>
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/6/22/auctions.jpg" alt=""> 
The priciest home to be auctioned in Reservoir this weekend is a four bedroom home at <a href="https://www.realestate.com.au/property-house-vic-reservoir-128486638" target="_blank">34 Dawson Street.</a>
It has a guide of $1.15 million to $1.25 million.
 
 
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