FOR SALE
Sale Price Unavailable

28 Cheddar Road
Reservoir VIC 3073

Bedrooms: 3
Bathrooms: 1
Car spaces: 2
Floor area: 88m2
Land area: 607m2
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Hop Skip and Jump to Everything !

This solid brick three bedroom home has seen better days and could do with a major renovation.
Alternatively knock down the property and build town houses (STCA) on this 607sqm block of land.
One thing for sure is this prime location is handy to all amenities. Its only:
700m to Reservoir train station and 100m to bus stop.
600m to Broadway shops and 700m to Edward Street shops.
1.5 km to J.C. Donath Reserve and 1.7 km to Edwards Park Lake.
1 km to Reservoir Leisure Centre and 4 km to Bundoora Park Public Golf Course.
While Latrobe University is a leisurely 3.5 km walk.
Register you interest to inspect the property so you don't miss out on this fantastic opportunity to acquire this home / site that has been in the same family for 50 years approximately.
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Property Details for 28 Cheddar Rd, Reservoir

28 Cheddar Rd, Reservoir is a 3 bedroom, 1 bathroom House with 2 parking spaces. The property has a land size of 607m2 and floor size of 88m2. The place is currently for sale with The Real Estate Business.

Building Type
House
Floor Size
88m2
Land Size
607m2

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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 28,263 properties. Over the last 5 years, Houses in Reservoir have seen a 23.05% increase in median value, while Units have seen a 21.24% increase. As at 31 August 2024:

  • The median value for Houses in Reservoir is $928,587 while the median value for Units is $602,189.
  • Houses have a median rent of $520 while Units have a median rent of $480.
There are currently 196 properties listed for sale, and 62 properties listed for rent in Reservoir on OnTheHouse. According to CoreLogic's data, 1043 properties were sold in the past 12 months in Reservoir.

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Tony Delinaoum
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The Real Estate Business
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