Prime Redevelopment Opportunity in RGZ3 Zone - 663sqm in the Heart of Reservoir

Offering an exceptional opportunity in a Residential Growth Zone - Schedule 3 (RGZ3), 6 Summerhill Road, Reservoir is a standout property for developers, investors, and homeowners looking to capitalize on a highly sought-after location. Set on 663sqm (approx.), this generous allotment presents enormous potential for multi-unit development or a high-yielding investment (STCA).

The existing fully-renovated three-bedroom, one-bathroom home is well-maintained and immediately livable, featuring polished timber floors throughout that enhance its warmth and character. The spacious living area is complemented by a split-system heating and cooling unit, ensuring year-round comfort.

A functional kitchen and dining area, well-sized bedrooms, and a central bathroom make the home suitable for immediate occupancy or rental while development plans are prepared. The property also includes a double garage, offering additional storage and secure parking.

Positioned in a high-growth pocket of Reservoir, this property is within walking distance to public transport, local shops, parks, and reputable schools. The zoning and land size provide excellent flexibility for those looking to develop in a location with strong demand for modern townhouses or apartment-style living (STCA).

With its strategic location, redevelopment potential, and existing rental appeal, this is an opportunity not to be missed.

Enquire today to explore the possibilities this site has to offer.

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.

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School catchments

Reservoir High School Secondary 7-12 Government 0.77km
East Preston Islamic College Combined Prep-12 Independent 0.77km
Reservoir High School-Heidelberg Secondary Teaching Unit Secondary Government 0.80km
Preston North East Primary School Primary Prep-6 Government 0.93km
Kingsbury Primary School Primary Prep-6 Government 1.2km
Our Lady of the Way School Primary Prep-6 Catholic 1.3km
Reservoir East Primary School Primary Prep-6 Government 1.5km
Holy Name School Primary Prep-6 Catholic 1.6km
Charles La Trobe P-12 College-Olympic Village Primary Campus Combined Government 1.6km
Northern College of the Arts and Technology Secondary 10-12 Government 1.7km
Charles La Trobe P-12 College-The Pavilion Campus - Preston East Combined Government 2.0km
Charles La Trobe P-12 College Combined Prep-12 Government 2.1km
Charles La Trobe P-12 College-Deaf Facility Combined Government 2.1km
Ivanhoe Grammar School - University Campus Combined Independent 2.2km
St Monica's College - St Stephen’s/Gaudete Campus Secondary Catholic 2.3km
St Stephen's School Primary Catholic 2.3km
Preston Primary School Primary Prep-6 Government 2.3km
St Pius X School Primary Prep-6 Catholic 2.4km
Rosanna Primary School Primary Prep-6 Government 2.6km
Preston High School Secondary 7-12 Government 3.0km
Bundoora Secondary College Secondary 7-12 Government 3.1km
Macleod College Combined Prep-12 Government 3.2km
Parade College - Preston Campus Secondary Catholic 3.3km
SEDA College (Victoria) - AFL- Preston Secondary Independent 3.4km

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.

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