2/1 Gilbank StreetReservoir VIC 3073
Property Details for 2/1 Gilbank St, Reservoir
2/1 Gilbank St, Reservoir is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1990. The property has a land size of 244m2 and floor size of 84m2.
Last Listing description (August 2023)
This villa unit in a block of only two presents a great start in the market for owner-occupiers as well as the astute investor.. A huge out door entertaining area and a garage with internal access add to the attraction. A spacious home offering two robed bedrooms sharing a central bathroom, separate toilet, and large living area flowing into meals which adjoins a practical, well laid out kitchen. Central to both Gilbert Road and Spring street, and within easy reach of shopping, bus and tram it provides an attractive entry level opportunity with a great investment track record.
Clean and well-maintained home with open plan living
Private and quiet surrounds; 1 of 2 only villas
Single garage, decent storage plus heating/cooling
Steps to Spring St, Gilbert rd, trams, trains, shops and Edwardes Lake Park
Property History for 2/1 Gilbank St, Reservoir, VIC 3073
- 23 May 2023Listed for Sale $580,000 - $630,000
- 18 Feb 2021Listed for Rent $350 / week
- 10 Oct 2013Listed for Rent $300 / week
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0About 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 28,580 properties. Over the last 5 years, Houses in Reservoir have seen a 18.33% increase in median value, while Units have seen a 18.50% increase. As at 31 October 2024:
- The median value for Houses in Reservoir is $914,960 while the median value for Units is $603,893.
- Houses have a median rent of $530 while Units have a median rent of $500.
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