OFF MARKET

564 Reservoir Road
Prospect NSW 2148

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 127m2
Land area: 700m2
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Property Details for 564 Reservoir Rd, Prospect

564 Reservoir Rd, Prospect is a 0 bedroom, 0 bathroom House and was built in 1960. The property has a land size of 700m2 and floor size of 127m2. While the property is not currently for sale or for rent, it was last sold in October 2015.

Building Type
House
Year Built
1960
Floor Size
127m2
Land Size
700m2
Local Government
Cumberland
Lot/Plan
9/DP374325

Last Listing description (November 2024)

Are you a developer or investor with a keen eye for potential? Look no further than 564 Reservoir Road, Prospect. This expansive 677sqm block offers a canvas for your next big project and is adjacent to 566 Reservoir Road, offering an additional 677sqm for a combined size of 1354sqm.

Currently housing a home and a couple of offices, the property's true value lies in its zoning. Classified for development, this site presents a golden opportunity to capitalise on its strategic location and generous land size.

Architectural Concept Plans and Endless Possibilities Provided.

Already have a vision? Great! Architect plans for a two-storey warehouse facility and a child care are ready to go. But why stop there? This versatile site could be transformed into:
* Industrial Hub: Take advantage of the property's zoning to create a thriving industrial space.
* Commercial Complex: Imagine a bustling retail or office development in this prime location.
* Residential Subdivision: Explore the potential to subdivide the land and create multiple dwellings.
* Mixed-Use Precinct: Combine commercial and residential elements for a dynamic development.

The possibilities are as vast as your imagination.
Location, Location, Location

Situated in the thriving suburb of Prospect, this property benefits from excellent access to major roads, public transport, and essential amenities.
Don't miss out on this exceptional opportunity to shape the future of Prospect. Contact us today to arrange an inspection, Bobby 0488486486 Morris 0488291908

Property History for 564 Reservoir Rd, Prospect, NSW 2148

A timeline of how this property has performed in the market
Last Sold
$550,000
24 Oct 2015
  • 09 Sep 2024
    Listed for Sale Your vision, our expertise. Prime Development Op.
  • 24 Oct 2015
    Sold for $550,000
  • 28 Sep 2015
    Listed for Sale Not Disclosed
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About Prospect 2148

The size of Prospect is approximately 13.9 square kilometres. It has 18 parks covering nearly 116% of total area. The population of Prospect in 2011 was 4,620 people. By 2016 the population was 4,702 showing a population growth of 1.8% in the area during that time. The predominant age group in Prospect is 30-39 years. Households in Prospect are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Prospect work in a clerical occupation. In 2011, 80.2% of the homes in Prospect were owner-occupied compared with 80.9% in 2016.

Prospect has 2,267 properties. Over the last 5 years, Houses in Prospect have seen a 63.09% increase in median value, while Units have seen a 19.24% increase. As at 31 October 2024:

  • The median value for Houses in Prospect is $1,150,513 while the median value for Units is $577,959.
  • Houses have a median rent of $650 while Units have a median rent of $525.
There are currently 8 properties listed for sale, and 8 properties listed for rent in Prospect on OnTheHouse. According to CoreLogic's data, 86 properties were sold in the past 12 months in Prospect.

Suburb Insights for Prospect 2148

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.