Back 5/31 Olive Street
Off Market

5/31 Olive Street

Reservoir VIC 3073

2
1
1
Apartment
Last sold for $640,000
Michelle PortelliMichelle Portelli, last sold this property on 21 June 2021 after 24 days on market.

Overview

Low-maintenance, Modern & Central Convenience

*Please ensure you are registered to attend the open for inspection. Inspections are permitted to a maximum of 10 people inside at any time, subject to the density quotient of 1 person per 4 sqm. All Nelson Alexander opens will be conducted in accordance with the current government requirements. Thank you* Within easy walking distance to Edwardes Street shops and Reservoir Station, this terrific unit delivers an enviable lifestyle of space, convenience and low-maintenance luxury. Set well back from the street, a light-filled interior highlights two large bedrooms (both with full-width BIRs) and stylish central bathroom, open-plan living/dining area and quality kitchen with stainless steel appliances. Other features include split-system heating/cooling, polished timber floors, European laundry, security shutters plus a single carport and delightful north-facing courtyard with entertainment deck and handy storage shed.

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 5/31 Olive Street is $585.5k.

Median value
$585.5k
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 5/31 Olive Street

2022
Rented
Undisclosed
Leased on 30 Nov 2022 by Nelson Alexander Flemington
2022
Rented
Undisclosed
Leased on 09 Nov 2022 by Nelson Alexander Flemington
2021
Sold
$640,000
Auction Sale on 21 Jun 2021 by Michelle Portelli, of Nelson Alexander 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 2 bedroom apartments in Reservoir

In the last 12 months, 92 two-bedroom apartments similar to 5/31 Olive Street, have been sold.

This represents a 21% decrease in two-bedroom apartments sales when compared to the previous 12 months.

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