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6/28-30 Southernhay Street, Reservoir$610,000

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6/28-30 Southernhay Street

Reservoir, VIC 3073, Australia

$610,000

2 bed 1 bath 2 car

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Listing description

About this property

An ideal first home, investment opportunity and or affordable downsize option with plenty of scope for value-adding enhancements, this completely unrenovated classic villa showcases generous dimensions to enjoy and improve on, all perfectly positioned in the exclusive Oakhill Estate. Comprising two bedrooms (both with built-in robes) together with a good size central bathroom and separate toilet, versatile front lounge, classic kitchen which flows through to separate laundry and out to the well maintained courtyard. Other highlights include split-system air conditioning, single car garage. Walking distance to public transport options including a choice of bus routes, Plenty Road trams and Regent Station, it's also close to popular schools, local cafes and the area's vibrant shopping precincts. With a bit of TLC and renovation the sky is the limit

Property Details

Property Type: apartment
Listing Type: Sold
Bedrooms: 2
Bathrooms: 1
Parking: 2
Listed: 2 months ago

Repayment calculator

$2,957/month

$1,479 /fortnight

Loan $488,000 at 6.10% over 30 years

Upfront costs

Deposit$122,000

Stamp duty$31,670

Conveyancing (est.)$2,000

Total upfront$155,670

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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 apartment in Reservoir, VIC 3073 sits within reach of public transport, local shops and nearby schools. It is listed 39% below the $997,500 median of 51 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

Ruthven station rail replacement stop (bus) — 2.1 km away
Unique Hair Design — 2.3 km away
Cheddar Road East Linear Reserve — 1.7 km away
Cheddar Road East Linear Reserve — 1.9 km away
Reservoir Linear Reserve — 2.0 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.

Due diligence

Property Report

Future Development

Complete

Reservoir is experiencing moderate urban renewal activity focused on its Activity Centre, train station precinct, and incremental residential infill along transport corridors. Development momentum reflects Melbourne's northern suburbs intensification strategy, with DAs concentrated on mixed-use precincts, medium-density residential projects, and public realm improvements linked to Merri Creek and local infrastructure. Council backing for activity centre renewal and station-oriented development is driving property interest in this historically working-class suburb.

Nearby projects

Closest

0.3 km

Reservoir Station Precinct Renewal

Distance from this property is exact (rings = km). Direction is illustrative.

Reservoir Station Precinct Renewal

0.3 km

Mixed-useUnder construction

Station area upgrade with improved public realm, cycle facilities and residential intensification around Reservoir Train Station.

300 m

Reservoir Activity Centre Mixed-Use Precinct

0.5 km

Mixed-useProposed

Council-led urban renewal focusing on Reservoir Activity Centre with mixed residential, retail and community facilities along the main commercial strip.

2026-2028

500 m

Broadway Multi-Storey Apartment Block

0.8 km

Apartment buildingApproved

4-6 storey apartment building near Broadway shopping precinct targeting young professionals and empty-nesters.

800 m

Edgars Road Residential Development

1.2 km

Residential subdivisionApproved

Medium-density residential subdivision delivering townhouses and apartments on former industrial land near Edgars Road.

1.2 km

Merri Creek Trail and Linear Park Extension

1.5 km

InfrastructureUnder construction

Darebin Council project extending the Merri Creek trail with shared paths and parkland improvements supporting active transport and amenity.

1.5 km

Recent Residential DA - Spring Street Precinct

1.8 km

Residential subdivisionApproved

Townhouse and small apartment infill project on underutilized residential blocks in the northern precinct.

1.8 km

Source: StMate AI — VIC development trends06/05/2026

Disclaimer: This report combines data from Australian Government open data portals (CC-BY 4.0) and StMate AI. For non-NSW properties some sections (zoning, flood, bushfire, development, heritage) are AI-generated based on publicly known suburb characteristics — always verify with the relevant council or authority before making decisions. This report does not constitute legal, financial, or planning advice.

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