Positioned in one of Reservoir’s most convenient and well-connected pockets, 101A Royal Parade presents an exciting opportunity for builders, renovators, investors and buyers with vision.
Set within the General Residential Zone — Schedule 2, this property offers genuine scope to renovate, extend, rebuild or explore future development possibilities, subject to council approval and all relevant permits. The existing two-bedroom weatherboard home provides a practical starting point, while the landholding, location and planning context create a compelling opportunity for those looking to add value.
Whether your plan is to restore the existing residence, design a brand-new home, or investigate longer-term development potential, this is a property that rewards imagination, planning and forward thinking.
Adding further appeal, the property is affected by a Development Contributions Plan Overlay, which buyers should consider as part of their own due diligence when assessing any future development or redevelopment options.
Perfectly positioned for lifestyle and convenience, the property is close to local shops, cafés, schools, parklands, public transport, Reservoir Station, Preston Market, Northland Shopping Centre, La Trobe University and major road connections.
Reservoir continues to evolve as one of Melbourne’s most in-demand northern suburbs, attracting strong interest from owner-occupiers, investors, builders and developers alike. Opportunities with this level of flexibility and future upside are becoming increasingly hard to find.
Whether you are looking to renovate, rebuild, invest or explore the property’s future potential, 101A Royal Parade is an opportunity well worth your attention.
Key features:
Existing two-bedroom, one-bathroom weatherboard home
General Residential Zone — Schedule 2
Development Contributions Plan Overlay — Schedule 1
Scope to renovate, extend, rebuild or explore development potential, subject to council approval
Not located in a designated bushfire prone area
Wide driveway with off-street parking
Convenient Reservoir location close to key amenities
Ideal for builders, renovators, developers, investors and value-add buyers
Inspection by appointment only. Please contact the agent to arrange a private viewing.
Due diligence and condition note:
The property is being marketed primarily for its landholding, location and future potential. The existing dwelling is in original/worn condition and may require renovation, repair or further works depending on the buyer’s intended use.
Any renovation, extension, demolition, rebuild, subdivision or redevelopment is subject to council approval, planning permits, building permits and all relevant authority requirements.
Buyers are encouraged to inspect the property in person and conduct their own due diligence regarding the property’s current condition, zoning, overlays, services, title, easements, planning controls, development contributions and suitability for their intended use.
Disclaimer:
All images, renders, and plans are for illustrative purposes only and may not represent the final product. Prices, availability, and specifications are subject to change without notice. Any information provided is of a general nature and should not be considered financial or legal advice. The listing agent or agency does not accept responsibility for any inaccuracies, errors, or omissions in this advertisement. Interested parties are encouraged to conduct their own research and seek independent advice before making any purchasing decisions. Final inclusions, dimensions, and finishes may vary.
