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Back 2/31 Olive Street
Off Market

2/31 Olive Street

Reservoir VIC 3073

1
1
1
Unit
Last sold for $456,000
Alastair SurteesAlastair Surtees, last sold this property on 22 August 2025 after 24 days on market.

Overview

Low-Maintenance Living with Modern Flair

Perfectly positioned in a boutique group of well-maintained residences, this stylishly updated one-bedroom villa offers a comfortable, low-maintenance lifestyle ideal for first home buyers, downsizers, or investors seeking a high-quality addition to their portfolio. Stepping inside, you're greeted by a warm and inviting interior with polished timber floors that extend through a generous open-plan living and dining area. This space is bathed in natural light and effortlessly connects to a well-equipped kitchen, thoughtfully updated with quality appliances, tiled splashback, and ample storage-perfect for daily meals or weekend entertaining. One of the standout features is the cleverly designed study nook, offering a dedicated work-from-home zone without compromising living space. Whether you're working remotely, studying, or in need of a creative corner, this functional addition adds flexibility to the floorplan. The spacious bedroom features built-in robes and leafy outlooks, serviced by a central bathroom with contemporary updates, integrated laundry facilities, and a crisp, neutral colour palette that adds to the home's fresh, move-in-ready appeal. Step outside to a surprisingly spacious, private courtyard-ideal for alfresco dining, weekend BBQs, or simply enjoying a morning coffee in the sun. The outdoor space is low-maintenance, making it a relaxing extension of the home and a rare feature in one-bedroom properties. Other features include a carport directly adjacent to the home, split system heating and cooling, security doors, and a peaceful, community-focused environment within a small complex of similarly cared-for homes. The location is equally impressive: nestled in a well-connected pocket of Reservoir, you'll enjoy easy access to Reservoir Train Station, Edwardes Street shops and cafes, Reservoir Leisure Centre, local parks and green spaces, and the vibrant Reservoir Village. The iconic Edwardes Lake Park is just moments away, providing beautiful open spaces for recreation and relaxation. Whether you're looking for a smart entry into the property market, a comfortable place to downsize, or a set-and-forget investment in one of Reservoir's most convenient locations, this well-appointed home delivers on all fronts.

Features

1 bedroom
1 bathroom
1 carspace
1 garage space
Unit

Estimated Value

Based on this property and similar 1 bedroom units sold in Reservoir over the last 12 months, the estimated median property value of 2/31 Olive Street is $442.5k.

Median value
$442.5k
Estimated value range
$105k - $540k
Median days on market
25
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 2/31 Olive Street

2025
Rented
Undisclosed
Leased on 29 Oct 2025 by Ray White Reservoir
2025
Sold
$456,000
22 Aug 2025 by Alastair Surtees, of Ray White Reservoir

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 113 reviews in Reservoir over the last 12 months.

Local market activity for 1 bedroom units in Reservoir

In the last 12 months, 26 one-bedroom units similar to 2/31 Olive Street, have been sold.

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 74 local sales and collected 32 local reviews across the last 12 months.

  •   4.9   (492 reviews)
  •  32 Reviews in Reservoir
  •  74 Sales in Reservoir
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George Gimelli

George Gimelli is a recommended agent for Reservoir.  They have 27 local sales and collected 9 local reviews across the last 12 months.

  •   5   (47 reviews)
  •  9 Reviews in Reservoir
  •  27 Sales in Reservoir
View profile
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Alastair Surtees

Alastair Surtees is a recommended agent for Reservoir.  They have 63 local sales and collected 7 local reviews across the last 12 months.

  •   5   (83 reviews)
  •  7 Reviews in Reservoir
  •  63 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 friendly

  •   4.9   (187 reviews)
  •  7 Reviews in Reservoir
  •  13 Sales in Reservoir
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