A profitable corner

Dare to dream of what you are able to create on this first-class development site, positioned on the fringe of Reservoir's highly sought after Oakhill Estate (STCA). Less than 14kms from Melbourne's CBD and enjoying swift and convenient access to public transportation, Broadway and Edwardes Street shops and cafes, Plenty Road eateries, Northland Shopping center, Latrobe University, local parklands and a number of primary schools in the surrounding area, your brand new creation will stand to benefit from the superior level of convenience this notable location delivers. Currently occupying a dream, highly desirable and not often attainable, corner allotment of 648sqm, this original timber home currently offers an attractive rental income of approximately $1,610 per calendar month, whilst you wait for your plans and permits to be approved by the council. Featuring a spacious living area with an electric heater, three bedrooms serviced by a main family bathroom, a well presented kitchen with modern appliances, two car spaces from the front and side plus an easy-care backyard. Be quick to inspect as golden opportunities like this one don't stay on the market for too long.

All information about the property has been provided to Ray White by third parties. Ray White has not verified the information and does not warrant its accuracy or completeness. Parties should make and rely on their own enquiries in relation to the property.

Due diligence checklist for home and residential property buyers.

Explore the area

School catchments

Reservoir East Primary School Primary Prep-6 Government 0.24km
Reservoir High School-Heidelberg Secondary Teaching Unit Secondary Government 0.91km
Reservoir High School Secondary 7-12 Government 0.98km
Holy Name School Primary Prep-6 Catholic 0.99km
St Monica's College - St Stephen’s/Gaudete Campus Secondary Catholic 1.0km
St Stephen's School Primary Catholic 1.1km
St Gabriel's School Primary Prep-6 Catholic 1.3km
Preston Primary School Primary Prep-6 Government 1.3km
Reservoir Primary School Primary Prep-6 Government 1.5km
Our Lady of the Way School Primary Prep-6 Catholic 1.6km
Preston North East Primary School Primary Prep-6 Government 1.7km
Kingsbury Primary School Primary Prep-6 Government 1.7km
Reservoir Views Primary School Primary Prep-6 Government 1.8km
Charles La Trobe P-12 College-The Pavilion Campus - Preston East Combined Government 1.9km
Maharishi School of the Age of Enlightenment Primary Prep-6 Independent 1.9km
East Preston Islamic College Combined Prep-12 Independent 2.0km
SEDA College (Victoria) - J.E Moore Park Campus Secondary Independent 2.2km
Northern College of the Arts and Technology Secondary 10-12 Government 2.2km
Preston High School Secondary 7-12 Government 2.4km
Reservoir West Primary School Primary Prep-6 Government 2.5km
SEDA College (Victoria) - AFL- Preston Secondary Independent 2.6km
St Raphael's School Primary Prep-6 Catholic 2.7km
Parade College - Preston Campus Secondary Catholic 2.8km
Charles La Trobe P-12 College-Olympic Village Primary Campus Combined Government 3.0km
William Ruthven Secondary College Secondary 7-12 Government 3.2km
St John's College Preston Combined Prep-12 Independent 3.3km
Ivanhoe Grammar School - University Campus Combined Independent 3.7km
Charles La Trobe P-12 College Combined Prep-12 Government 3.7km

Nearest schools, measured in a straight line from the property. Provided as a guide only; check catchment and enrolment eligibility with the school. School data © ACARA, licensed under CC BY 4.0.

Find out how much home loan repayments will be

It’s important to understand repayment amounts before you apply for a home loan. A Loan Market broker can compare over 100 lenders to find the right loan for you. Use the Loan Market calculator to get a better indication of repayments.

Loan Market Pty Ltd | Australian Credit Licence 390222. All interest rates stated must include "p.a." and the relevant Comparison Rate in full.