FOR SALE
$1,250,000

161 Broadway
Reservoir VIC 3073

Bedrooms: 3
Bathrooms: 1
Car spaces: 2
Land area: 712m2
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Discover an Unmissable Opportunity in Reservoir - Spectacular Land with Plans and Permits for Five Modern Townhouses!

Situated in one of Reservoir's most desirable pockets, this exceptional 712sqm approx. parcel of land awaits your vision. With plans and permits in place for five modern and stylish townhouses, this property is a dream come true for first home buyers, astute investors, and downsizers alike.
The prime location of this property offers an array of local amenities, ensuring a convenient and fulfilling lifestyle for residents. Enjoy easy access to Reservoir Railway Station, making commuting a breeze. Families will appreciate the proximity to Reservoir Views Primary School and Reservoir High School, providing excellent educational options. For the little ones, Goodstart Early Learning Reservoir is just around the corner.
Indulge in the vibrant atmosphere of the local neighborhood, with a variety of shops and cafes waiting to be explored on Broadway. For seamless travel, Plenty Road Trams and local bus stops, including one on Broadway, provide excellent connectivity. Stay active and fit at the nearby Reservoir Leisure Centre, or take advantage of the educational opportunities provided by the renowned La Trobe University.
Currently tenanted at $340 per week, this property offers an immediate return on investment. Whether you choose to retain the existing rental income or embark on the exciting journey of developing the townhouses, the potential for lucrative returns is undeniable.
This is a rare and enticing opportunity that you simply cannot afford to miss out on. With plans and permits already in place, all the hard work has been done for you. The stage is set for you to create a masterpiece and make a mark in the flourishing Reservoir property market.
Seize the moment and secure your future with this unmissable opportunity. Contact us today to arrange a private viewing and explore the boundless potential that awaits you. Don't delay, as opportunities like this are few and far between!
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Property Details for 161 Broadway, Reservoir

161 Broadway, Reservoir is a 3 bedroom, 1 bathroom House with 2 parking spaces. The property has a land size of 712m2. The place is currently for sale with Ray White Reservoir.

Building Type
House
Land Size
712m2

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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 28,244 properties.

    There are currently 179 properties listed for sale, and 65 properties listed for rent in Reservoir on OnTheHouse. According to CoreLogic's data, 1069 properties were sold in the past 12 months in Reservoir.

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    Massimo Barbanera
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    Ray White Reservoir
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