Brand new luxury home turns heads in Reservoir
Soaring demand for high-end homes in the north
Buyers from across Melbourne and beyond are eyeing a turnkey showpiece that has just hit the market in Reservoir.
A rare offering in the suburb 11 km north of the CBD, the new four-bedroom home at 18 Foch Street, is up for auction on March 18 with $1.36-$1.45 million price hopes.
With a chic design unique to the area, it is a standout in the coveted Oakhill Estate, according to Barry Plant Reservoir agent Ross Kontossis.
“This type of property can usually be found in an exclusive inner-eastern suburb,” he said.
As soon as it was listed, the home attracted the attention of buyers across Melbourne and further out.
Offering good value, it has also caught the eye of those living in the inner-city suburbs, according to Mr Kontossis.
“It delivers an impressive design, top-quality features and a land component of 359sq m,” Mr Kontossis said.
The home’s lavish interior showcases marble benchtops, European Oak floors and plush window furnishings.
It has a bright and spacious living environment created by high square-set ceilings, skylights and floor-to-ceiling double-glazed windows.
Complete with a sleek gas-log fireplace and integrated entertainment cabinetry, the open-plan living, dining and kitchen zone forms the heart of the home.
The home chef will appreciate the gourmet kitchen with its bespoke joinery, waterfall island bench, marble benchtops and splashback, cooktop, dual ovens, plus integrated dishwasher and refrigerator.
Delighting keen entertainers, the indoor living area spills out to an alfresco deck with a built-in barbecue, cupboards and a sink. This private dining area flows to a fully landscaped back garden with space for children and pets to play.
There is a study nook perfect for those working from home, a smart main bathroom and four comfortable bedrooms, including the indulgent main suite with a hotel-style ensuite.
Three bedrooms have built-in wardrobes, while both bathrooms boast floor-to-ceiling tiles and premium fittings, including rain-head showers and concealed cisterns.
Other features include ample storage space, a full-size laundry, a garage with internal access, plus state-of-the-art climate control and alarm systems that ensure year-round comfort and peace of mind.
Adding to its appeal, the property is just metres from city trams, High Street shops, Regent train station, cafes, restaurants, childcare centres, kindergartens and schools, including the highly regarded Preston Primary School.
The iconic Preston Market, multicultural supermarkets, plus Northland, Summerhill and Coburg shopping centres are nearby, while NMIT, RMIT and Latrobe University are not far away.
There is easy access to freeways, including the M80 Ring Road extension to the Greensborough Bypass that links to the eastern suburbs and Mornington Peninsula.
One of two built side-by-side, the home was crafted with care and precision over 12 months by MDJ Property Group.
Originally from the neighbouring suburb of Preston, the company has been building high-end homes in Melbourne’s northern suburbs for nearly 40 years.
“Their recent projects are setting new benchmarks in style, quality and luxury in the region,” Mr Kontossis said.
The company purchased the Foch Street block listed by Barry Plant Reservoir about three years ago, which contained a 1920s California bungalow.
“The sellers had owned the property for nearly 40 years, which we managed as a rental,” Mr Kontossis said.
After the original house was demolished, the property was redeveloped to accommodate two high-spec homes, including one that was sold recently by Mr Kontossis.
Downsizers from South Morang who wanted to live closer to their children snapped it up in an off-market sale.
“It offered them everything they wanted, including a single-level floorplan, exceptional entertainment areas, and a lock-up-and-leave lifestyle,” Mr Kontossis said.
Both the homes tick the boxes for families, downsizers or anyone wanting low-maintenance living with all the creature comforts and in a great location.
“There is a good appetite for this type of property, which is in short supply in Reservoir,” Mr Kontossis said.
In the past month, there were 5371 buyers searching for houses in Reservoir, where there were 116 houses for sale with a median price of $915,000, according to realestate.com.au.
In Reservoir, a two-bedroom house fetches around $822,500, while a three-bedroom house sells for about $900,000, and a four-bedroom house changes hands for about $1,083,750.