FOR SALE
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156 Rathcown Road
Reservoir VIC 3073

Bedrooms: 4
Bathrooms: 1
Car spaces: 2
Land area: 740m2
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Invest & Develop Approved Townhouses

M7 Real Estate takes pride in showcasing an amazing INVESTMENT opportunity to build 4 Townhouses on a spacious 740m2 block of land.
Be quick to inspect this delightful family home nestled in a peaceful location offering an ideal lifestyle of space, comfort and conveniently located off the With a well-designed layout consisting of 4 bedrooms, 1 bathroom, and 2 car parking spaces, it offers comfortable living for residents.
This property's standout feature is its incredible development potential. Already granted permission for 4 townhouses, this is an ideal location for a future development project. The spacious land size provides ample space for construction, ensuring a profitable venture for developers.
Located in a highly sought-after area, this property boasts a prime position within the Reservoir suburb. With convenient access to shops, schools, parks, and public transport, residents are presented with a lifestyle of convenience and comfort.
Currently, the property is under lease with tenants paying $2,086 per month, which provides a steady income stream for potential investors. This allows for a seamless transition for those looking to secure an investment property with immediate returns.
Whether you are an astute developer or an investor seeking strong rental returns, this property presents an exciting opportunity. Don't miss out on your chance to secure a prime development site in Reservoir's thriving market. Contact us today to arrange a viewing and explore the boundless potential this property has to offer!
Feel free to book your private inspection anytime if you are unable to attend advertised inspections.
Contact our team for queries or booking private inspections
Prateek : 0412 974 041
Rahul : 0477 013 797
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Property Details for 156 Rathcown Rd, Reservoir

156 Rathcown Rd, Reservoir is a 4 bedroom, 1 bathroom House with 2 parking spaces. The property has a land size of 740m2. The place is currently for sale with M7 Real Estate.

Building Type
House
Land Size
740m2

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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 28,219 properties. Over the last 5 years, Houses in Reservoir have seen a 22.36% increase in median value, while Units have seen a 19.72% increase. As at 30 September 2024:

  • The median value for Houses in Reservoir is $917,681 while the median value for Units is $600,755.
  • Houses have a median rent of $530 while Units have a median rent of $490.
There are currently 180 properties listed for sale, and 62 properties listed for rent in Reservoir on OnTheHouse. According to CoreLogic's data, 1021 properties were sold in the past 12 months in Reservoir.

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Rahul Malik
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Prateek Chaudhary
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