Back 59 Marchant Avenue
Off Market

59 Marchant Avenue

Reservoir VIC 3073

4
2
2
650 m²
House
Last sold for $880,000
Isaac KatsouranisIsaac Katsouranis, last sold this property on 08 May 2026 after 22 days on market.

Overview

Prime Reservoir Opportunity – Endless Potential In A Coveted Pocket

Positioned in one of Reservoir’s most sought-after and rapidly evolving pockets, 59 Marchant Avenue presents a rare and compelling opportunity for builders, developers, and astute investors alike. Set on a substantial allotment, this property offers the perfect foundation for your next project (STCA), whether it be a luxury new home, multi-dwelling development, or a strategic land bank in a high-growth location. With strong underlying demand and continued development in the surrounding area, the future here is as promising as it is profitable. The existing residence provides immediate rental potential or holding income while plans and permits are considered, offering flexibility for those looking to secure now and build later. Enjoy the convenience of a well connected lifestyle, moments from local shops, schools, parklands, and public transport, all while being just a short distance to major arterials and the CBD. Key Highlights: - Generous land holding with development potential (STCA) - Ideal for builders, developers, and investors - Existing home offers rental or interim use - Positioned in a high-growth, in-demand location - Close to amenities, transport, and lifestyle attractions

Features

4 bedrooms
2 bathrooms
2 carspaces
2 garage spaces
650 m² lot size
House

Estimated Value

Based on this property and similar 4 bedroom houses sold in Reservoir over the last 12 months, the estimated median property value of 59 Marchant Avenue is $1.18m.

Median value
$1.18m
Estimated value range
$722k - $2.29m
Median days on market
29
Estimated value trend
10%
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 59 Marchant Avenue

2026
Sold
$880,000
08 May 2026 by Isaac Katsouranis, of VICPROP Reservoir
2024
Rented
Undisclosed
Leased on 24 Jul 2024 by 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 4 bedroom houses in Reservoir

In the last 12 months, 110 four-bedroom houses similar to 59 Marchant Avenue, have been sold.

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

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