191 Spring StreetReservoir VIC 3073
Property Details for 191 Spring St, Reservoir
191 Spring St, Reservoir is a 2 bedroom, 1 bathroom House with 2 parking spaces. The property has a land size of 652m2. While the property is not currently for sale or for rent, it was last sold in September 2024. There are other 2 bedroom House sold in Reservoir in the last 12 months.
Last Listing description (September 2024)
Presenting an exceptional opportunity at 191 Spring Street, Reservoir-an expansive corner block boasting approximately 651.5 sqm of prime land. This site is ripe for development, offering endless potential to create something truly special.
Located in a vibrant and sought-after area, this property enjoys proximity to a wide range of amenities. You'll find shopping centres, schools, parks, and public transport options just moments away, making it an ideal location for a future residential or mixed-use project.
Whether you're a seasoned developer or an astute investor, this site offers the perfect canvas to bring your vision to life. Seize this rare chance to secure a substantial piece of Reservoir's thriving landscape.
Property History for 191 Spring St, Reservoir, VIC 3073
- 28 Sep 2024Sold for $720,000
- 03 Sep 2024Listed for Sale AUCTION $690,000 - $750,000
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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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