17 Steane Street, Reservoir, Vic 3073

Auction: $900,000 - $990,000

House
Type
3
Bedrooms
1
Bathrooms
4
Parkings
736 mΒ²
Area

Last updated on Wednesday, August 26, 2026 ( See property details for 17 Steane Street, Reservoir, Vic 3073)

Auction: $900,000 - $990,000

  • AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A versatile dual-home property on a spacious 736 sqm block in Reservoir, offering excellent investment and development potential with prime amenities nearby.

🏑 Property Highlights

  • Two self-contained, freestanding homes on a single site, ideal for dual income or development (STCA).
  • Generous 736 sqm allotment with a 20.1 m frontage, offering ample outdoor space.
  • Prime location in Reservoir with top-tier educational institutions nearby, including La Trobe University.
  • Close to major shopping centres such as Summerhill and Northland Shopping Centre for convenience.
  • Excellent connectivity with access to Plenty Valley Highway and nearby train stations for Melbourne CBD commute.
  • Potential for future development or renovation, offering strong investment prospects.

✨ Key Features

  • Open-Plan Living
  • Outdoor Area
  • Built-in Robes
  • Garage
  • Outdoor Area / Balcony
  • Fully fenced
  • Water tank
  • Security Screens / Gates
  • NBN / High-Speed Ready
  • Extra Storage (Shed/Linen)
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17 Steane Street
Reservoir, VIC 3073
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Vertical aerial view β€” 17 Steane Street
17 Steane Street — Vertical Aerial  •  Reservoir, VIC 3073  •  Nearmap © 2026

Reservoir is a vibrant suburb renowned for its excellent amenities, diverse community, and strong connectivity. It offers easy access to shopping centres, educational institutions, and public transport, making it ideal for families and investors alike. The area boasts lush parklands, recreational facilities, and a welcoming atmosphere, ensuring a high quality of life for residents. Its strategic location provides seamless links to Melbourne CBD and surrounding suburbs, supporting both lifestyle and growth opportunities.

What are the potential uses for this property?
This property offers versatile options including dual income from two self-contained homes, redevelopment potential (STCA), or renovation to suit personal or investment needs.
Is there development approval available for future plans?
Development plans are subject to council approval; interested buyers should consult with local authorities for specific zoning and planning regulations.
What are the key features of the existing homes?
Both homes are self-contained, with outdoor areas, off-street parking, and potential for further customization to enhance value.
How accessible are the transport options?
The property is conveniently located near Thomastown and Thornbury Train Stations, providing direct access to Melbourne CBD, along with major roads like Plenty Valley Highway.
What nearby amenities are available?
Residents have easy access to shopping centres such as Summerhill and Northland, medical centres, parks, playgrounds, and educational institutions including La Trobe University.
Are there any existing planning restrictions or easements on the property that could affect development plans? Have any recent renovations or repairs been carried out, and are there warranties or guarantees in place? Are there any known issues with the structural integrity or services of the existing homes? What are the zoning regulations and potential for future subdivision or redevelopment? Is the property located in a flood or bushfire-prone area, and what are the associated risks? Are there any upcoming planning or construction projects in the vicinity that could impact the property? What are the council rates, land taxes, and any other ongoing costs associated with the property? Are there any restrictions or covenants that limit the use or development of the land? Has the property been tested for environmental hazards such as soil contamination? Are there any strata or community title considerations, or is it freehold land?

17 Steane Street, Reservoir, Vic 3073 - More Details

Auction: $900,000 - $990,000

Occupying a generous 736 sqm (approx.) allotment with a 20.1 m frontage and 36.6 m depth, 17 Steane Street, Reservoir presents an exceptional opportunity for buyers, investors, and developers. The unique offering features two freestanding, self-contained homes on a single substantial site, both accompanied by off-street parking and ample outdoor areas. Whether your strategy is to put the finishing touches on each residence to secure strong dual income or pursue plans for the block from a blank-canvas perspective (STCA), the scope for future rewards is substantial.

Positioned in a highly convenient pocket of Reservoir, the property is surrounded by top-tier amenities and educational institutions. Families and students are ideally catered for with Reservoir East Primary School, Reservoir High School, the Northern College of the Arts & Technology, and La Trobe University all within easy reach. Shopping and daily essentials are equally seamless, with Summerhill Shopping Centre (featuring Coles and Woolworths), Northland Shopping Centre, Bunnings Warehouse, and nearby medical centers just minutes away.

Lifestyle and transit options complete this standout opening. Residents will love the proximity to local parklands, the McComas Street Playground, and nearby athletic fields. Exceptional connectivity is assured via Plenty Valley Highway, along with convenient access to both Thomastown and Thornbury Train Stations for a direct commute into the Melbourne CBD. Whichever path you choose to take, this prime allotment ensures a winning strategy.
Type
House
Bedrooms
3
Bathrooms
1
Parkings
4
Area
736 mΒ²

Price guide

View Statement Of Information

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Inspections times

  • Inspection Sat 19 Sep 1:30 pm

    Saturday 19 September
    1:30 pm - 2:00 pm

Auctions

  • 17 Steane Street, Reservoir, Vic 3073

    Saturday 19 September
    11:00 am
  • 17 Steane Street, Reservoir, Vic 3073

    Saturday 19 September
    2:00 pm

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