Square, Rare & Ready to Transform

Set on a highly desirable 585sqm allotment with an impressive wide frontage, 6 Newton Street, Reservoir presents an increasingly rare opportunity to secure a blue-chip development site in one of Melbourne's fastest-evolving growth pockets. Whether you're a seasoned developer, savvy investor or land banker looking to capitalise on the area's ongoing transformation, this is the type of property that rarely comes to market.

Occupying a substantial parcel in a neighbourhood experiencing significant redevelopment, the property's regular shape and generous frontage provide the ideal foundation for a range of future possibilities (STCA). Surrounded by quality new homes and townhouse developments, the site offers outstanding scope to unlock its full potential while taking advantage of strong buyer demand in this thriving Reservoir location.

The existing residence remains standing and offers accommodation comprising three bedrooms, multiple living spaces, a functional kitchen and meals area, central bathroom, plus the added bonus of a self-contained rear studio complete with its own bathroom. While the home requires renovation and updating, it provides flexibility for those looking to lease, renovate or hold while finalising future development plans.

Location is another undeniable highlight. Positioned just moments from Northland Shopping Centre, Summerhill Shopping Centre, the Plenty Road Tram (Route 86) and the expansive parklands of W. Ruthven VC Reserve, every convenience is within easy reach. Families and future occupants will also appreciate the proximity to schools, local cafes, medical facilities and recreational amenities, while the vibrant Preston Market and surrounding dining precinct are only a short drive away.

Large, level, square allotments with wide frontages are becoming increasingly difficult to secure, particularly in locations where redevelopment is already well underway. Offering exceptional dimensions, outstanding accessibility and limitless future potential, 6 Newton Street is a compelling opportunity to secure a premium landholding in one of Reservoir's most exciting growth corridors.

A property where today's purchase has the potential to become tomorrow's landmark development. (STCA)

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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

Preston North East Primary School Primary Prep-6 Government 0.25km
East Preston Islamic College Combined Prep-12 Independent 0.56km
Holy Name School Primary Prep-6 Catholic 0.90km
Northern College of the Arts and Technology Secondary 10-12 Government 0.98km
Reservoir High School-Heidelberg Secondary Teaching Unit Secondary Government 1.0km
Reservoir High School Secondary 7-12 Government 1.1km
Charles La Trobe P-12 College-The Pavilion Campus - Preston East Combined Government 1.2km
Reservoir East Primary School Primary Prep-6 Government 1.3km
Charles La Trobe P-12 College-Olympic Village Primary Campus Combined Government 1.5km
Preston Primary School Primary Prep-6 Government 1.6km
Kingsbury Primary School Primary Prep-6 Government 1.9km
Our Lady of the Way School Primary Prep-6 Catholic 1.9km
Preston High School Secondary 7-12 Government 2.2km
St Pius X School Primary Prep-6 Catholic 2.3km
St Monica's College - St Stephen’s/Gaudete Campus Secondary Catholic 2.4km
St Stephen's School Primary Catholic 2.4km
Parade College - Preston Campus Secondary Catholic 2.5km
St Gabriel's School Primary Prep-6 Catholic 2.6km
Preston South Primary School Primary Prep-6 Government 2.6km
SEDA College (Victoria) - AFL- Preston Secondary Independent 2.6km
Sacred Heart School Primary Prep-6 Catholic 2.6km
Charles La Trobe P-12 College Combined Prep-12 Government 2.8km
Charles La Trobe P-12 College-Deaf Facility Combined Government 2.8km
Thornbury High School Secondary 7-12 Government 2.8km
Ivanhoe Grammar School - University Campus Combined Independent 2.9km
St John's College Preston Combined Prep-12 Independent 3.0km

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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