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20 Banbury Road, Reservoir$615,000
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20 Banbury Road

Reservoir, VIC 3073, Australia
$590,000 – $640,000
2 bed 1 bath 2 car243 m²

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About this property

Perfectly positioned in one of Reservoir's most sought after pockets, this beautifully presented front home delivers the ideal combination of low maintenance living, generous outdoor space and everyday convenience. Occupying approximately 234sqm and one of only two homes on the block, this move in ready residence offers the added benefit of no owners corporation fees, making it an outstanding opportunity for first home buyers, downsizers and savvy investors alike. Designed for effortless living, the home welcomes you with a light filled interior, where comfortable living and dining spaces flow seamlessly into a practical kitchen that is ready to enjoy from day one. Two generous bedrooms are serviced by a central bathroom, while the thoughtful layout provides a warm and inviting atmosphere throughout. Outside, the generous allotment offers plenty of room to relax, entertain or simply enjoy the privacy that comes with owning a front home. A secure car space at the rear is complemented by an additional off street parking space at the front of the property, providing flexibility and convenience rarely found in homes of this size. Positioned within easy walking distance of the picturesque Edwardes Lake Park, you'll enjoy morning walks around the lake, local cafés, sporting facilities and open green spaces right at your doorstep. Excellent public transport, schools, shopping precincts and everyday amenities are all within close reach, ensuring a lifestyle of exceptional convenience. Whether you're searching for your first home, looking to downsize without compromise or seeking a quality investment in a high demand location, this outstanding residence presents an opportunity not to be missed. Property Highlights: - Front home on approximately 234sqm -One of only two on the block -Two generous bedrooms -Central bathroom -Light filled living and dining area -Move in ready presentation -Secure rear car space plus additional off street parking at the front -Walking distance to Edwardes Lake Park -Close to schools, public transport, shopping and local amenities A rare opportunity to secure a quality home in a tightly held Reservoir location where comfort, convenience and lifestyle come together perfectly.

Property Details

Property Type
house
Listing Type
For Sale
Bedrooms
2
Bathrooms
1
Parking
2
Land Area
243 m²
Listed
1 week ago

Repayment calculator

$2,981/month
$1,491 /fortnight
Loan $492,000 at 6.10% over 30 years

Upfront costs

Deposit$123,000
Stamp duty$31,970
Conveyancing (est.)$2,000
Total upfront$156,970
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 2-bedroom house in Reservoir, VIC 3073 sits within reach of public transport, local shops and nearby schools. It is listed 31% below the $895,000 median of 52 comparable houseswithin 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

  • Unnamed (bus)1.8 km away
  • Unique Hair Design810 m away
  • Reservoir Linear Reserve788 m away
  • Reservoir Linear Reserve1.0 km away
  • Wat Ganbo Park1.1 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 · House 2 bed

Compound growth +0.4% / yr over 4 yrs

$696kcurrent median

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Full Reservoir market

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1 price change recorded for this property

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