SOLD
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Sold on 12 Aug 2024 for $717,500

224 Albert Street
Reservoir VIC 3073

Bedrooms: 3
Bathrooms: 1
Car spaces: 2
Land area: 715m2
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Property Details for 224 Albert St, Reservoir

224 Albert St, Reservoir is a 3 bedroom, 1 bathroom House with 2 parking spaces. The property has a land size of 715m2. While the property is not currently for sale or for rent, it was last sold in August 2024. There are other 3 bedroom House sold in Reservoir in the last 12 months.

Building Type
House
Land Size
715m2
Local Government
Darebin
Lot/Plan
1/TP198836

Last Listing description (August 2024)

Outstanding opportunity exists for smart purchasers that are looking for an investment with potential.

Set on a large block, with main street exposure, this delightful home offers a simple floor plan that boasts kitchen with adjoining dining area, separate living room, central bathroom and three bedrooms.

Outside, you will enjoy a spacious rear yard with separate lock up garage and ample space for off street parking.

Centrally located in Albert Street Reservoir, you will enjoy easy access to Northland Shopping Centre, Summerhill Shopping Centre, La Trobe University and #86 Tram.

Opportunity for multi-unit developments exist (STCA) giving you an opportunity for rental income whilst plans are reviewed.

First home buyers and DIYers will also enjoy everything this home has to offer, enjoying opportunities for an inspired makeover.

Now is the time to enquire and inspect.

INROOM AUCTION: 1/337 Settlement Road Thomastown

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Material Facts Apply - please refer to the contract of sale and vendor statement for material facts and seek legal advice if required.

Land size sourced from land.vic.gov.au. This document has been prepared to assist solely in the marketing of this property.
While all care has been taken to ensure the information provided herein is correct, Harcourts Rata & Co takes no responsibility for any inaccuracies.
Accordingly all interested parties should make their own enquiries to verify the information, including and not limited to land size.

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Property History for 224 Albert St, Reservoir, VIC 3073

A timeline of how this property has performed in the market
Last Sold
$717,500
12 Aug 2024
Listed for Rent
$550/w
15 Oct 2024
  • 19 Sep 2024
    Listed for Rent $550 / week
  • 12 Aug 2024
    Sold for $717,500
  • 19 Jul 2024
    Listed for Sale Not Disclosed
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About Reservoir 3073

The size of Reservoir is approximately 18.9 square kilometres. It has 45 parks covering nearly 8.8% of total area. The population of Reservoir in 2011 was 47,636 people. By 2016 the population was 50,455 showing a population growth of 5.9% in the area during that time. The predominant age group in Reservoir is 30-39 years. Households in Reservoir are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Reservoir work in a professional occupation. In 2011, 62.5% of the homes in Reservoir were owner-occupied compared with 59.3% in 2016.

Reservoir has 28,203 properties. Over the last 5 years, Houses in Reservoir have seen a 18.33% increase in median value, while Units have seen a 18.50% increase. As at 31 October 2024:

  • The median value for Houses in Reservoir is $914,960 while the median value for Units is $603,893.
  • Houses have a median rent of $530 while Units have a median rent of $500.
There are currently 182 properties listed for sale, and 60 properties listed for rent in Reservoir on OnTheHouse. According to CoreLogic's data, 1028 properties were sold in the past 12 months in Reservoir.

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