Back 2/16 Banff Street
Off Market

2/16 Banff Street

Reservoir VIC 3073

2
1
1
Apartment
Last sold for $615,000
Paul SpirliPaul Spirli, last sold this property on 10 June 2025 after 20 days on market.

Overview

Stylish & spacious two-bedroom Villa in prime Reservoir location

Beautifully presented and thoughtfully designed, this two-bedroom villa unit offers exceptional value and a lifestyle of ease in the heart of Reservoir. Whether you're a first home buyer, savvy investor, or looking to downsize in style, this low-maintenance home delivers without compromise. Step inside to discover a well-considered floor plan featuring open, light-filled spaces. The modern kitchen boasts sleek benchtops and quality stainless steel appliances, seamlessly connecting to the dining area and flowing through to a spacious living zone. Outdoors, a private courtyard with a charming alfresco area and low-maintenance garden creates a perfect space for relaxing or entertaining. Additional highlights include: Timber flooring in living areas & plush carpet in bedrooms Split system heating and cooling Euro laundry Secure lock-up garage Set in a highly convenient location with easy access to Reservoir Train Station, local shops, cafes, parks, and quality schools, this home offers the perfect blend of comfort, convenience, and modern style. An opportunity not to be missedinspect today and make it yours.

Features

2 bedrooms
1 bathroom
1 carspace
Apartment

Estimated Value

Based on this property and similar 2 bedroom apartments sold in Reservoir over the last 12 months, the estimated median property value of 2/16 Banff Street is $582.75k.

Median value
$582.75k
Estimated value range
$395k - $800k
Median days on market
24
Estimated value trend
11%
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 2/16 Banff Street

2025
Sold
$615,000
Auction Sale on 10 Jun 2025 by Paul Spirli, of Nelson Alexander Reservoir
2022
Rented
Undisclosed
Leased on 29 Mar 2022 by Love & Co Real Estate - Preston

Happy sellers in Reservoir

88%
88% 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 114 reviews in Reservoir over the last 12 months.

Local market activity for 2 bedroom apartments in Reservoir

In the last 12 months, 92 two-bedroom apartments similar to 2/16 Banff Street, have been sold.

This represents a 22% decrease in two-bedroom apartments sales when compared to the previous 12 months.

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