20 Ralph Street, Reservoir, Vic 3073

$1,550,000

House
Type
3
Bedrooms
1
Bathrooms
2
Parkings
1,011 m²
Area

Last updated on Wednesday, June 17, 2026 ( See property details for 20 Ralph Street, Reservoir, Vic 3073)

$1,550,000

Nick Mylonas Senior Property Consultant & Auctioneer
  • AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A rare Reservoir opportunity featuring a charming home on a substantial 1,011sqm block with approved plans for five townhouses and excellent future growth potential.

🏡 Property Highlights

  • Prime 1,011sqm parcel in sought-after Reservoir location
  • Approved plans and permits for five contemporary townhouses
  • Charming period home with three bedrooms and functional layout
  • Excellent connectivity with Reservoir Train Station and local amenities nearby
  • Potential for both family living and development opportunities
  • Extensive vehicle accommodation suitable for multiple cars and trade vehicles

✨ Key Features

  • Open-Plan Living
  • Built-in Robes
  • Outdoor Area
  • Waterfront / Views
  • Garage / Secure Parking
  • Ev Charging Point
  • Security Screens / Gates
  • Fly Screens
  • NBN / High-Speed Ready
  • Extra Storage (Shed/Linen)

Reservoir is a vibrant inner-north suburb renowned for its strong community atmosphere, excellent transport links, and diverse shopping options. Key points include: proximity to Reservoir Train Station, access to Edwardes Park Lake, a variety of cafes and eateries, close-knit family-friendly environment, and significant long-term growth potential driven by ongoing development and infrastructure improvements.

What are the future development possibilities for this property?
With approved plans and permits in place, the property offers the potential to develop five contemporary townhouses, subject to council approval and compliance.
Is the existing home suitable for family living?
Yes, the charming three-bedroom home features a functional layout with a large living area, ideal for families seeking a comfortable residence.
What amenities are nearby?
The property is within walking distance to Reservoir Train Station, Edwardes Park Lake, local shopping villages, cafes, eateries, and Preston Market, providing excellent convenience.
Are there any additional costs associated with development?
Potential costs include council fees, construction expenses, and compliance requirements; detailed estimates should be obtained from relevant professionals.
What is the condition of the existing home?
The home is well-maintained with period charm, featuring modern comforts such as evaporative cooling and hydronic heating for year-round comfort.
Are there any zoning restrictions or easements affecting the property or the approved development plans? Have all necessary approvals and permits been obtained, and are there any conditions or restrictions attached? Are there any known issues with the existing structure or land, such as subsidence, flooding, or bushfire risks? What are the potential additional costs for connection to services like water, sewer, and electricity? Is there any ongoing or planned nearby construction that could impact the property’s value or living environment? Are there any strata or body corporate considerations if the development proceeds? What are the local council’s future planning and zoning policies that could influence the property’s use? Are there any restrictions on property modifications or extensions? What are the long-term infrastructure plans for the area that could affect property value? Is there any history of disputes or issues with neighbours or local authorities related to the property?

20 Ralph Street, Reservoir, Vic 3073 - More Details

$1,550,000

Type
House
Bedrooms
3
Bathrooms
1
Parkings
2
Area
1,011 m²

Price guide

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