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3 Oulton Crescent

Reservoir VIC 3073

3
1
1
705 m²
House
Currently for sale - view listing

Overview

EOI - A Landmark Landholding in One of Melbourne's Fastest-Evolving Inner North Corridors

Renovate. Lease. Develop. Secure your position in Reservoir's next chapter. Set on an expansive allotment of approximately 705sqm (approx.) with an impressive 16.7m frontage (approx.), 3 Oulton Crescent presents a rare opportunity for developers, investors and astute land bankers to capitalise on one of Melbourne's most rapidly transforming inner northern suburbs. Whether you're considering a boutique multi-dwelling project, looking to renovate and add significant value, or simply seeking a quality investment with strong future upside, this is a property that offers flexibility today while positioning you for tomorrow. Positioned within a neighbourhood experiencing significant reinvestment, Reservoir continues to evolve through ongoing public and private investment. Upgraded transport infrastructure, revitalised shopping precincts and streetscape improvements have accelerated the suburb's appeal, with Broadway and Edwardes Street emerging as vibrant lifestyle destinations and attracting new businesses, hospitality and residential development. The upgraded Reservoir Station, improved pedestrian connections and active transport links have further strengthened the area's liveability and connectivity. The location is equally compelling: Moments to Broadway's growing café and dining precinct Close to Edwardes Street Village and local shopping Easy access to Reservoir Station and city-bound transport Minutes from Edwardes Lake Park and extensive recreational facilities Close to quality schools, sporting reserves and community amenities Approximately 12km from Melbourne's CBD For developers, the dimensions and location provide an exciting opportunity to investigate the site's future potential (Subject to Council Approval). For investors, Reservoir's ongoing gentrification, improving amenity and sustained buyer demand continue to underpin its long-term appeal. The existing residence has been well constructed and offers solid foundations, with generous proportions, a practical floorplan and enduring craftsmanship provide the ideal canvas to create a quality family home or investment, while generating rental income as future plans are explored. Whether your vision is to renovate, lease, land bank or redevelop, 3 Oulton Crescent is the type of opportunity that rarely remains available for long. Secure a substantial parcel in one of Melbourne's most exciting growth corridors and unlock the potential that awaits.

Features

3 bedrooms
1 bathroom
1 carspace
705 m² lot size
House

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 93 reviews in Reservoir over the last 12 months.

Local market activity for 3 bedroom houses in Reservoir

In the last 12 months, 275 three-bedroom houses similar to 3 Oulton Crescent, have been sold.

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

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