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2/31-33 Olive Street,
Reservoir 3073, Victoria

1 bedroom
1 bathroom
1 car space
Unit

$456,000


Low-Maintenance Living with Modern Flair

Perfectly positioned in a boutique group of well-maintained residences, this stylishly updated one-bedroom villa offers a comfortable, low-maintenance lifestyle ideal for first home buyers, downsizers, or investors seeking a high-quality addition to their portfolio.

Stepping inside, you're greeted by a warm and inviting interior with polished timber floors that extend through a generous open-plan living and dining area. This space is bathed in natural light and effortlessly connects to a well-equipped kitchen, thoughtfully updated with quality appliances, tiled splashback, and ample storage-perfect for daily meals or weekend entertaining.

One of the standout features is the cleverly designed study nook, offering a dedicated work-from-home zone without compromising living space. Whether you're working remotely, studying, or in need of a creative corner, this functional addition adds flexibility to the floorplan.

The spacious bedroom features built-in robes and leafy outlooks, serviced by a central bathroom with contemporary updates, integrated laundry facilities, and a crisp, neutral colour palette that adds to the home's fresh, move-in-ready appeal.

Step outside to a surprisingly spacious, private courtyard-ideal for alfresco dining, weekend BBQs, or simply enjoying a morning coffee in the sun. The outdoor space is low-maintenance, making it a relaxing extension of the home and a rare feature in one-bedroom properties.

Other features include a carport directly adjacent to the home, split system heating and cooling, security doors, and a peaceful, community-focused environment within a small complex of similarly cared-for homes.

The location is equally impressive: nestled in a well-connected pocket of Reservoir, you'll enjoy easy access to Reservoir Train Station, Edwardes Street shops and cafes, Reservoir Leisure Centre, local parks and green spaces, and the vibrant Reservoir Village. The iconic Edwardes Lake Park is just moments away, providing beautiful open spaces for recreation and relaxation.

Whether you're looking for a smart entry into the property market, a comfortable place to downsize, or a set-and-forget investment in one of Reservoir's most convenient locations, this well-appointed home delivers on all fronts.

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

  • St Gabriel's School Primary Prep-6 Catholic 0.14km
  • Reservoir Primary School Primary Prep-6 Government 0.68km
  • Reservoir West Primary School Primary Prep-6 Government 1.3km
  • St Stephen's School Primary Catholic 1.5km
  • Reservoir East Primary School Primary Prep-6 Government 1.6km

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.


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