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.
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