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Back 3 Oulton Crescent
Off Market

3 Oulton Crescent

Reservoir VIC 3073

3
1
1
705 m²
House
Last sold for $900,000
Courteney MacleodCourteney Macleod, last sold this property on 11 September 2026 after 36 days on market.

Overview

Rare 705sqm Development Opportunity with 16.7m Frontage

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

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 3 Oulton Crescent is $935k.

Median value
$935k
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 3 Oulton Crescent

2026
Sold
$900,000
Private Sale/Treaty on 11 Sep 2026 by Courteney Macleod, of Ray White Caroline Springs

Happy sellers in Reservoir

91%
91% 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 89 reviews in Reservoir over the last 12 months.

Local market activity for 3 bedroom houses in Reservoir

In the last 12 months, 254 three-bedroom houses similar to 3 Oulton Crescent, have been sold.

This represents a 25% 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 71 local sales and collected 24 local reviews across the last 12 months.

  •   4.9   (507 reviews)
  •  24 Reviews in Reservoir
  •  71 Sales in Reservoir
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George Gimelli

George Gimelli is a recommended agent for Reservoir.  They have 19 local sales and collected 9 local reviews across the last 12 months.

  •   5   (56 reviews)
  •  9 Reviews in Reservoir
  •  19 Sales in Reservoir
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Nick Mylonas

Nick Mylonas is a recommended agent for Reservoir.  They have 7 local sales and collected 8 local reviews across the last 12 months.

  •   5   (167 reviews)
  •  8 Reviews in Reservoir
  •  7 Sales in Reservoir
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Joe Ledda

Sellers who recommend Joe Ledda have praised them for being clear communication, local expert, responsive, honest, supportive, empathetic and dedicated

  •   5   (174 reviews)
  •  8 Reviews in Reservoir
  •  10 Sales in Reservoir
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