16 Burbank DriveReservoir VIC 3073
Property Details for 16 Burbank Dr, Reservoir
16 Burbank Dr, Reservoir is a 3 bedroom, 1 bathroom House with 2 parking spaces. The property has a land size of 585m2. While the property is not currently for sale or for rent, it was last sold in June 2024. There are other 3 bedroom House sold in Reservoir in the last 12 months.
Last Listing description (June 2024)
This three-bedroom home is the solution for families looking to get a good property in a suburb on the rise.
This single-level, brick veneered home occupies a substantial block size of 585sqm (approx.)
Upon entering, discover a cosy living room with sliding door that flows into the separate Kitchen/dining area which features 2 upright cook tops and ample bench space and storage.
Extras Include internal laundry, Spacious Garage with rear Workshop, multiple veggie gardens, Chicken coop, outdoor shed, additional Storage, and lots more.
Enviably positioned for lifestyle convenience and surrounded by tranquil parkland, it offers quick access to buses, schools, Ring Road Spring Street shops and local eateries.
Additionally close to Keon Park/Reservoir Stations, sporting facilities and La Trobe University.
Property History for 16 Burbank Dr, Reservoir, VIC 3073
- 15 Jun 2024Sold for $680,000
- 07 Jun 2024Listed for Sale $685,000
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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 28,264 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.
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