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Back 17 Pedersen Ave
Off Market

17 Pedersen Ave

Reservoir VIC 3073

3
1
2
535 m²
House
Last sold for $745,000
Mario LambiaseMario Lambiase, last sold this property on 01 July 2026 after 20 days on market.

Overview

Unlimited Opportunity with Rare Dual Street Frontage

Positioned in a quiet and convenient location close to shops, schools and public transport, this elevated brick residence presents an outstanding opportunity for families, first-home buyers, renovators and investors alike. Comfortable and immediately liveable, it offers the flexibility to move straight in and enjoy today while updating and enhancing over time to create an exceptional family home or rewarding investment. Set on a generous allotment and enhanced by the rare advantage of dual street frontage, the home combines character, space and untapped potential. Behind its classic façade lies a practical floorplan featuring three generous bedrooms, spacious living and dining areas, beautiful hardwood timber floors and a huge kitchen and meals area that forms the heart of the home. Whether you're looking to modernise gradually, undertake a comprehensive renovation or simply add value over time, the solid construction and generous proportions provide the perfect foundation. Buyers can retain the home's existing charm while transforming it into a contemporary residence tailored to their own style and needs. Outside, established gardens, attractive terrazzo paving and valuable rear access to a substantial garage/workshop further enhance the property's appeal. The elevated position and peaceful street setting create an ideal environment for families, while the dual frontage provides flexibility and future possibilities rarely found in today's market. For renovators, tradies and investors, opportunities like this are becoming increasingly difficult to secure. Combining a sought-after location, solid construction, generous proportions and genuine value-add potential, this is a property where vision and effort can be richly rewarded. Features: Rare dual street frontage Rear access to substantial garage/workshop Three generous bedrooms Spacious living and dining zones Huge kitchen and meals area Hardwood timber floors Attractive terrazzo paving Established gardens Move straight in and renovate at your own pace Exceptional value-add potential Scope to create a stunning family home Ideal for families, renovators and investors Close to shops, schools and public transport A home you can comfortably enjoy from day one, with endless scope to enhance, modernise and add value over time. Whether you're searching for the perfect family home, a rewarding renovation project or a smart investment, this is an opportunity to secure today and reap the rewards for years to come.

Features

3 bedrooms
1 bathroom
2 carspaces
535 m² lot size
House

Estimated Value

Based on this property and similar 3 bedroom houses sold in Reservoir over the last 12 months, the estimated median property value of 17 Pedersen Ave is $940k.

Median value
$940k
Estimated value range
$624k - $1.7m
Median days on market
25
Estimated value trend
6%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Reservoir. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 17 Pedersen Ave

2026
Sold
$745,000
Sold Before Auction on 01 Jul 2026 by Mario Lambiase, of George Real Estate
2021
Rented
Undisclosed
Leased on 28 Nov 2021 by Love & Co Real Estate - Reservoir

Happy sellers in Reservoir

89%
89% of sellers in Reservoir reported that their sale price either exceeded or met their price expectations.

Reservoir stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 91 reviews in Reservoir over the last 12 months.

Local market activity for 3 bedroom houses in Reservoir

In the last 12 months, 273 three-bedroom houses similar to 17 Pedersen Ave, have been sold.

This represents a 19% increase in three-bedroom houses sales when compared to the previous 12 months.

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Reservoir

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Ian Dempsey

Ian Dempsey is an award winning recommended agent for Reservoir.  They have 68 local sales and collected 24 local reviews across the last 12 months.

  •   4.9   (501 reviews)
  •  24 Reviews in Reservoir
  •  68 Sales in Reservoir
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George Gimelli

George Gimelli is a recommended agent for Reservoir.  They have 21 local sales and collected 10 local reviews across the last 12 months.

  •   5   (56 reviews)
  •  10 Reviews in Reservoir
  •  21 Sales in Reservoir
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George Ioannou

Sellers who recommend George Ioannou have praised them for being clear communication, local expert, supportive, honest, dedicated, responsive and reliable

  •   4.9   (196 reviews)
  •  7 Reviews in Reservoir
  •  13 Sales in Reservoir
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Nick Mylonas

Nick Mylonas is a recommended agent for Reservoir.  They have 6 local sales and collected 6 local reviews across the last 12 months.

  •   5   (162 reviews)
  •  6 Reviews in Reservoir
  •  6 Sales in Reservoir
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