OFF MARKET

143 Broadway
Reservoir VIC 3073

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Land area: 652m2
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Property Details for 143 Broadway, Reservoir

143 Broadway, Reservoir is a 2 bedroom, 1 bathroom House with 1 parking spaces and was built in 1965. The property has a land size of 652m2. While the property is not currently for sale or for rent, it was last sold in December 2020.

Building Type
House
Year Built
1965
Land Size
652m2
Local Government
Darebin
Lot/Plan
7/LP58897

Last Listing description (February 2021)

Plans and Permits approved for 6 Townhouses!!

Current occupied by a neat 2-bedroom home leased for $320 per week, this property provides an exceptional ready-to-go development opportunity with a location to match!

Perfectly positioned in the very heart of Reservoir, this substantial high-side allotment (approx 651sqm) with Residential Growth Zoning (RGZ3) comes complete with an approved planning permit to construct 6 spectacular new 3/4-level townhouses.

Along with an array of architectural plans, engineering drawings and reports already completed, the dwellings include a variety of floorplans to suit first-time buyers, astute investors and downsizers alike.

Impressive design elements of townhouses 2-5 include 2 generous bedrooms (both with robes), central bathroom and powder room (second WC), open-plan living/dining area and adjoining kitchen, plus a private terrace or courtyard and internally-accessed single garage.

In addition to this, the front townhouse features 3 bedrooms and 3 bathrooms, while units 3 and 4 include a second living zone and rooftop terrace incorporated into their designs.

Walking distance to Broadway's vibrant retail precinct, choice of eateries and the new Reservoir Station, it's also close to Plenty Road trams and choice of bus routes, Summerhill Shopping Centre, local parks, popular schools and kinder/childcare facilities as well as easy access to Latrobe University and Preston Market.

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Property History for 143 Broadway, Reservoir, VIC 3073

A timeline of how this property has performed in the market
Last Sold
$1,327,500
24 Dec 2020
Listed for Rent
$300/w
10 Feb 2020
  • 24 Dec 2020
    Sold for $1,327,500
  • 26 Nov 2020
    Listed for Sale $1,350,000
  • 16 Dec 2019
    Listed for Rent - Price not available
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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 28,268 properties. Over the last 5 years, Houses in Reservoir have seen a 23.70% increase in median value, while Units have seen a 21.16% increase. As at 31 July 2024:

  • The median value for Houses in Reservoir is $922,735 while the median value for Units is $602,707.
  • Houses have a median rent of $510 while Units have a median rent of $480.
There are currently 194 properties listed for sale, and 65 properties listed for rent in Reservoir on OnTheHouse. According to CoreLogic's data, 1035 properties were sold in the past 12 months in Reservoir.

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