54 Reid Street

Off Market

54 Reid Street

South Morang VIC 3752

761 m²

House

Last sold for $922,500

Steve Gruevski, last sold this property on 16 October 2026 after 22 days on market.

Overview

A Once-in-a-Lifetime Opportunity - First Time Offered in 44 Years!

Position, potential & an impressive parcel of land - this is an opportunity that rarely comes to market! Offered for the first time in 44 years, 54 Reid Street represents an exceptional opportunity to secure a substantial 761m² (approx.) rectangular allotment in the highly sought-after South Morang growth corridor. With an impressive 16.8m street frontage to Reid Street & a depth of approximately 45.5m, the property provides the ideal dimensions for those seeking space, flexibility & tremendous future potential. The existing residence offers five bedrooms & two bathrooms, with three bedrooms & two bathrooms located downstairs, while upstairs features a generous living area & two additional bedrooms. Outside, a fabulous undercover decked entertaining area provides an ideal space to relax & entertain. One of the standout features is the huge garage & carport setup, complemented by a long side driveway providing an abundance of off-street accommodation. There is plenty of room for multiple vehicles, a boat, caravan, trailers or work vehicles, making this an especially attractive proposition for tradies, car enthusiasts or those requiring exceptional vehicle storage. Property Highlights: • First time offered for sale in 44 years • Substantial 761m2 (approx.) rectangular allotment • 16.8m frontage x 45.5m deep (approx.) • Five bedrooms- Three bedrooms downstairs • Two bathrooms • Spacious upstairs living area • Undercover decked entertaining area • Huge garage & carport configuration • Long side driveway with exceptional vehicle access • Ample accommodation for cars, boats, caravans, trailers or work vehicles • Excellent opportunity for owner-occupiers, renovators, tradies & developers • Potential for future development, STCA Positioned within the highly regarded South Morang growth corridor, this is a property where land, location & future potential come together. Whether you are looking to renovate & create your dream home, accommodate a growing family, secure a large parcel of land or explore the tremendous development upside (STCA), opportunities of this calibre are becoming increasingly difficult to find. After 44 years with one owner, the next chapter is ready to begin.

Features

5 bedrooms

2 bathrooms

4 carspaces

4 garage spaces

761 m² lot size

House

Estimated Value

Based on this property and similar 5 bedroom houses sold in South Morang over the last 12 months, the estimated median property value of 54 Reid Street is $1.15m.

Median value

$1.15m

Estimated value range

$871k - $1.73m

Median days on market

Estimated value trend

11%

increase over the last 12 months

Average days on market is based on recent, comparable sales in South Morang. 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 54 Reid Street

2026

Sold

$922,500

16 Oct 2026 by Steve Gruevski, of Ray White Mernda

Happy sellers in South Morang

86%

86% of sellers in South Morang reported that their sale price either exceeded or met their price expectations.

South Morang stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 42 reviews in South Morang over the last 12 months.

Local market activity for 5 bedroom houses in South Morang

In the last 12 months, 15 five-bedroom houses similar to 54 Reid Street, have been sold.

This represents a 30% increase in five-bedroom houses sales when compared to the previous 12 months.

Sold

For Sale

For Rent

Interested in selling?

People are reaching out to these agents in South Morang for a free market appraisal.

Petar Djeparoski

at Ray White South Morang

(224 reviews)

Get a free market appraisal

Nick Petrovski

at Ray White South Morang

4.9

(225 reviews)

Get a free market appraisal

Wayne Millership

at Millership & Co

4.9

(114 reviews)

Get a free market appraisal

Justin Sciola

at Areal Property South Morang

4.9

(148 reviews)

Get a free market appraisal

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in South Morang

Petar Djeparoski

Sellers who recommend Petar Djeparoski have praised them for being clear communication, local expert, responsive, reliable, supportive, honest and dedicated

5 (224 reviews)
10 Reviews in South Morang
42 Sales in South Morang

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Nick Petrovski

Nick Petrovski is a recommended agent for South Morang. They have 7 local sales and collected 5 local reviews across the last 12 months.

4.9 (225 reviews)
5 Reviews in South Morang
7 Sales in South Morang

View profile

Wayne Millership

Sellers who recommend Wayne Millership have praised them for being local expert, clear communication, honest, reliable, responsive, hard-working and supportive