Reservoir at a glance
55,353
People
$965,000
Median sale
$502/wk
Median rent
2.71%
Suburb gross yield
Median sale from 25 recorded sales (last 12 months) — a Districts calculation.
$1,700,000–$1,870,000
For sale
Asking range
3
Bedrooms
2
Bathrooms
6
Car spaces
805 m²
Land
Districts View
No upside evidence detected in the data Districts holds for this lot.
No detected risks — but see the checklist: absence of evidence is not an all-clear.
Each line above is labelled. A fact is quoted from the named source, with its date. A calculation is worked out by Districts from those facts — you can check the arithmetic. An interpretation is Districts' opinion of what the evidence means, not a fact, a valuation, or advice. Anything we haven't retrieved yet is marked as missing rather than treated as a pass.
Price evidence
Asking
$1,700,000–$1,870,000
Asking range · $2,112/m² of land
No recorded sale for this property.
Local land rate: recorded House sales in Reservoir (last 5 years) with land size have a median of $1,370/m² of land (n=55). Districts calculation from recorded sales — not a valuation.
Reservoir at a glance
55,353
People
$965,000
Median sale
$502/wk
Median rent
2.71%
Suburb gross yield
Median sale from 25 recorded sales (last 12 months) — a Districts calculation.
Vs Reservoir
+76.2%
Median sale
Suburb $965,000
-1.17 pp
Gross yield
Suburb 2.71%
Suburb median $965,000 from 25 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
Based on the low end of the asking range, not a contract price.
$100,814 on top of the price (5.9% extra)
Estimates only, at standard investor rates — no first-home or owner-occupier concessions applied. Not included: lenders mortgage insurance (usually applies when borrowing more than 80% of the price), loan application and settlement fees from your lender, the foreign-purchaser duty surcharge, and building insurance — in Queensland the property is at your risk from the first business day after signing, not from settlement. Verify with your conveyancer.
Stamp duty and transfer fees: Victoria schedules from 2026-07-01. Ongoing council rates and land tax are not included.
Based on the low end of the asking range, not a contract price.
Pre-filled with Reservoir's advertised median rent — not a rent for this listing.
Gross yield is weekly rent × 52 ÷ price. Net yield subtracts operating expenses. Cashflow then subtracts interest-only interest on price × LVR. Tax, vacancies, and principal repayments are not included.
Planning
Planning data is being calculated
Data unavailable
Source
Planning facts are copied from official government GIS where available. Where an official property PDF exists (VicPlan, PlanBuild), Districts stores and serves that original document. Neither is a planning certificate, survey, or advice.
Site
Terrain has not been calculated for this property yet.
Slope is calculated on a projected metric grid from a public DEM clip of the official parcel. This is not a survey, engineering, or insurance assessment.
Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Records
Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.
Capital growth
VICPlanning layers have not been retrieved for this property yet. A suburb median or growth rate is not a reason this particular lot would outperform. Funded catalyst catchments are not loaded. A TOD badge is not this product.
Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” Victoria has no public statewide property-level DA API. Nearby pipeline is unknown.
Rental
No advertised rent is recorded. Suburb median rent $502/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.
Current comparable rental listings within 400 m of this lot are not loaded. Victoria has no public statewide property-level DA API. Nearby pipeline is unknown. Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded. Suburb vacancy or leased-tape days are not this property’s competition.
Gross yield if leased at the suburb aggregate is 1.5%. The yield that matters is the one on achieved rent, which has not been inferred for this address. Net yield (land tax, rates, insurance, vacancy) is not loaded. Net yield / holding costs are not estimated outside NSW without inventing land tax.
Verdict
Districts view
Not enough official evidence yet to underwrite this as an investment.
Detail
The same ten questions apply to every property. Missing flood, nearby DAs, achieved rents, or lot geometry is unknown — not “no.”
Do not treat a suburb median, an advertised yield, or a listing score as the case for this lot.
The evidence loaded so far isn't enough on its own to change a buy, offer, or walk-away decision for this property.
Evidence
Districts asks the same ten questions of every property. If one shows as unknown, that data isn't published for this state or hasn't been loaded yet — the question stays visible so you can see exactly what's missing.
1 of 10 questions answered so far
Development optionality of this lot
UnknownPlanning layers have not been retrieved for this property yet.
Nearby development pipeline
UnknownArea
Reservoir at a glance
55,353
People
$965,000
Median sale
$502/wk
Median rent
2.71%
Suburb gross yield
Median sale from 25 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Ray White ReservoirRich in history and beautifully preserved, 59 Queen Street is a distinguished Californian Bungalow that captures the craftsmanship, proportions and character of a bygone era while delivering the comfort and functionality expected of a premium family home today. Built in 1921, the residence has been carefully maintained and enhanced over more than a century, with its original architectural detail remaining an integral part of the home.
Its story begins with the Davis family, well known within Preston and Reservoir's early pharmaceutical and civic community. The home was designed by Mrs Davis with an attention to detail that remains evident today, from its distinctive dual-colour tuckpointed double-brick construction and decorative façade to its period brass light windows, tessellated tiling and carefully considered internal finishes. Albert George Davis would later become a long-serving Preston Councillor and twice Mayor, leaving a lasting connection to the local area.
Beyond its impressive façade, the home opens to interiors filled with warmth and character. High 2.8-metre ceilings, original Baltic pine floors, detailed period features and beautiful natural light create an immediate sense of quality. Multiple living zones provide the flexibility expected of a substantial family home, with an inviting living room complemented by a separate family room, allowing plenty of space to entertain, relax or simply enjoy everyday life. Reverse-cycle heating and cooling provides year-round comfort throughout the home.
At the heart of the home, the kitchen combines traditional style with everyday functionality. Solid granite benchtops and splashbacks, generous cabinetry, Bosch appliances and an expansive island bench flow into the spacious dining area, where French doors create a natural connection to the rear garden and alfresco setting.
Three generous bedrooms provide comfortable family living, including an impressive master bedroom with extensive built-in robes. Two bathrooms service the home, while the combination of period-inspired finishes and tessellated tiling ensures the character of the residence continues throughout.
Outside, the landscaped gardens create a private and established setting, with brick pathways, mature greenery and an alfresco area providing an inviting place to enjoy morning coffee, family gatherings or quiet afternoons in the garden. Rear lane access provides an additional connection to the nearby park, adding another layer of convenience to the outdoor setting.
The substantial garage is another exceptional feature. More than simply secure parking, it has been thoughtfully configured for the car enthusiast, collector or hobbyist, complete with three-phase power and a car hoist, and complemented by an adjoining study or workshop. An extra-wide driveway with custom hardwood remote-controlled gates provides excellent access and secure off-street parking, with capacity for multiple vehicles behind the gates.
Security is also well considered, with two alarm systems and CCTV providing additional peace of mind.
More than simply a beautifully presented residence, 59 Queen Street is a home with provenance. Its enduring double-brick construction, rare period craftsmanship and connection to one of the area's notable early families give it a character that cannot be recreated.
For the buyer seeking something genuinely special, this is an opportunity to become the next custodian of a remarkable Reservoir home, one where history, craftsmanship and family living come together in a truly memorable setting.
Listing description written by Arthur Torpatzis, Ray White Reservoir — reproduced as published, not verified by Districts.
Victoria has no public statewide property-level DA API. Nearby pipeline is unknown.
Honest achievable rent
KnownlowThis is not “bond data says this address leases for $X.” The comparable figure is a suburb advertised/median rent, not this property. Official bond files (postcode or suburb × type × bedrooms) are not loaded yet.
Rental supply pressure
UnknownSupply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.
Why is this cheap?
UnknownThe constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.
Lot-level flood
UnknownOfficial flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”
Catalyst exposure
UnknownFunded catalyst catchments are not loaded. A TOD badge is not this product.
This lot's DA history
UnknownDevelopment applications have not been queried for this parcel.
Statutory land value versus ask
UnknownStatutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.
Net yield / holding costs
UnknownNet yield / holding costs are not estimated outside NSW without inventing land tax.