37 Vale Street, Reservoir, Vic 3073

Set within a quiet residential pocket just off vibrant Gilbert Road, this original gem is an outstanding opportunity to nest or invest in rewarding Reservoir. Secure a generous north-facing block of approx. 542sqm, offering excellent scope for a renovation, extension or full redevelopment (Subject to Council Approval).

This charming layout would lend beautifully to a modern refresh, with the option to incorporate the original decorative cornices, picture rails and stained timber work to retain its classic touches. The comfortable lounge currently enjoys a gas heater and wall A/C unit, wrapping around to a separate dining zone with fan that adjoins the original central kitchen with ample cabinetry throughout.

Two good-sized bedrooms share the well-kept family bathroom, while the rear sunroom accesses a separate laundry where the toilet is privately nestled. Step outside to the spacious backyard with single garage, currently a blank canvas with huge potential to extend the home, knock down and start fresh with your dream family home, or potentially subdivide to plan multiple dwellings (STCA).

Stroll to cherished local parkland, shops and cafés, with an easy walk to city trams on Gilbert Road or just minutes to Regent Station for trains to the CBD. Travel easily to beloved Preston Market, major supermarkets and all the shops, boutiques, restaurants and cafés along lively High Street. Also with minutes are beautiful Edwardes Lake Park, popular Primary/Secondary schools, Melbourne Polytechnic (Preston), La Trobe University, RMIT Bundoora, Northland Shopping Centre and convenient access to main arterials for easy freeway entry.