28 Banbury Road, Reservoir, Vic 3073 - More Details
Auction: $650,000 - $700,000
Set on a substantial 534sqm allotment in an established Reservoir neighbourhood, 28 Banbury Road presents an exciting opportunity for renovators, investors and buyers with vision to secure a property offering multiple living arrangements and plenty of scope to add value. Featuring a three-bedroom main residence, a separate two-bedroom bungalow and a double garage, this is a property that offers more than meets the eye, with the flexibility to accommodate a range of living arrangements and the potential to create something truly worthwhile.
The main residence comprises three bedrooms and two bathrooms, providing the foundation for those looking to renovate, refresh and personalise a home to suit their own tastes and requirements. Whether you are considering an update to improve everyday comfort, a more extensive renovation to modernise the interiors or a longer-term project focused on capital growth, there is ample opportunity to explore the possibilities and make the most of the existing footprint.
Adding another dimension to the property is the separate bungalow, which comprises two bedrooms and a bathroom. Requiring significant work to bring it up to scratch, this additional dwelling will appeal to buyers who can recognise the potential in improving the existing accommodation. Subject to the necessary approvals, it may offer scope to create a more functional space for extended family, independent living arrangements or additional accommodation, making it an intriguing prospect for those prepared to roll up their sleeves and undertake the work required.
The combination of two separate living areas on one allotment provides a level of flexibility that is increasingly sought after. For investors, the opportunity lies in assessing the existing improvements and determining how best to maximise the property's potential. For renovators, it is a chance to take on a project with room to make a meaningful difference. For buyers looking to accommodate extended family or create separate spaces for different stages of life, the existing layout provides an interesting starting point, subject to condition and any applicable planning and building requirements.
Beyond the property itself, the location adds another compelling layer of appeal. Enjoy the convenience of being within walking distance of Edwardes Lake Park, where picturesque walking paths, open green spaces and tranquil lake surrounds provide the perfect setting for a morning stroll, an afternoon outdoors or a relaxing weekend with family and friends. This much-loved local destination brings a welcome lifestyle element to the address, offering a natural escape from the everyday while remaining connected to the conveniences of suburban living.
The surrounding Reservoir neighbourhood provides access to local shopping, schools, public transport and a range of everyday amenities, making it a practical base for families, investors and those looking to establish themselves in Melbourne's north. With established residential streets and popular recreational spaces close by, the location offers a balance of convenience and lifestyle that continues to make Reservoir an attractive choice for a broad range of buyers.
Completing the package is a double garage, providing valuable off-street parking, storage or workspace options while adding further practicality to the property's existing improvements.
Set on approximately 534sqm, with five bedrooms, two bathrooms across the main residence and bungalow, and a double garage, 28 Banbury Road is an opportunity for buyers who understand the value of potential. The property requires considerable work, particularly to the bungalow, but for those willing to undertake the improvements and explore the possibilities, there is scope to transform the existing accommodation into something more functional and rewarding.
Whether you are an experienced renovator, an astute investor or a buyer searching for a property with room to improve and the flexibility of additional accommodation, this is an opportunity to secure a substantial allotment in a convenient Reservoir location, just a walk from the natural beauty of Edwardes Lake Park.
Bring your vision, explore the possibilities and unlock the potential at 28 Banbury Road, Reservoir.
- Type
- House
- Bedrooms
- 5
- Bathrooms
- 3
- Parkings
- 4
- Area
- 534 mΒ²
- House Size
- 148 mΒ²
