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147/2 Gremel Road, Reservoir$120,000
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147/2 Gremel Road

Reservoir, VIC 3073, Australia
$120,000
1 bed 1 bath 1 car

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About this property

## BUYER REQUIREMENTS YOU MUST BE OVER 55 TO PURCHASE. NO INVESTORS. ## Positioned near the main entrance of this beautifully maintained residential park, this delightful home presents an outstanding opportunity for owner-occupiers aged 55 and over seeking comfort, convenience, and an easy-care lifestyle. Bathed in natural light, this well presented home features an inviting free flowing floor plan comprising of a spacious living area, separate meals and a refurbished kitchen complete with a hotplate, under bench oven, ample storage and bench space. The generous bedroom includes a built-in robe and split-system heating/cooling and ceiling fan for year-round comfort and a magnificent view to the north. Additional features include: Separate laundry Complete bathroom Direct access to the carport and private garden area Plenty of nearby parking and sitting area for family and visitors Enjoy the freedom of low-maintenance living with no external upkeep required. Park fees are $675 per fortnight, which include water usage, maintenance of the beautifully kept gardens, roads, and street lighting. Conveniently located just a short stroll from Summerhill Village, you'll have easy access to Aldi, Coles, Kmart, medical services, a chemist, cafés, and more. Public transport is also at your doorstep, with the Plenty Road tram providing easy access to the CBD, Bundoora Park, and the DFO shopping precinct. Homes in this sought-after over-55s community are always in demand. Inspection by appointment only don't miss this fantastic opportunity!

Property Details

Property Type
apartment
Listing Type
For Sale
Bedrooms
1
Bathrooms
1
Parking
1
Listed
2 weeks ago

Repayment calculator

$582/month
$291 /fortnight
Loan $96,000 at 6.10% over 30 years

Upfront costs

Deposit$24,000
Stamp duty$2,630
Conveyancing (est.)$2,000
Total upfront$28,630
Verify with VIC revenue office →
Indicative figures only — not a quote. Real loan offers depend on the lender; duty depends on contract terms and applicable concessions.

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Neighbourhood

Living in Reservoir

This 1-bedroom apartment in Reservoir, VIC 3073 sits within reach of public transport, local shops and nearby schools. It is listed 85% below the $787,500 median of 59 comparable apartmentswithin 5 km.

Schools near Reservoir

  • Northern School For Autismcombined · U · CoEd
  • Holy Name Schoolprimary · Prep-6 · CoEd
  • Maharishi School of the Age of Enlightenmentprimary · Prep-6 · CoEd
  • Reservoir East Primary Schoolprimary · Prep-6 · CoEd
  • Reservoir Primary Schoolprimary · Prep-6 · CoEd
  • Reservoir Views Primary Schoolprimary · Prep-6 · CoEd

What's nearby

  • Hickford Street/Cheddar Road (bus)2.7 km away
  • milk bar3.2 km away
  • Cheddar Road East Linear Reserve2.4 km away
  • Cheddar Road East Linear Reserve2.4 km away
  • Cheddar Road East Linear Reserve2.5 km away

Reservoir at a glance

Full suburb profile
Population
51,096
Median age
38
Household income
$1,541/wk
Median rent
$360/wk
Median mortgage
$1,986/mo

Source: ABS Census.

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Suburb market

Suburb price trend

Reservoir price trend

Median sold · Unit 1 bed

Compound growth +2.7% / yr over 4 yrs

$445kcurrent median

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Full Reservoir market

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1 price change recorded for this property

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