SOLD
RECENT ADVICE
Sold on 16 Mar 2024 for $508,000

3/128 Rathcown Road
Reservoir VIC 3073

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
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Property Details for 3/128 Rathcown Rd, Reservoir

3/128 Rathcown Rd, Reservoir is a 2 bedroom, 1 bathroom Unit with 1 parking spaces. While the property is not currently for sale or for rent, it was last sold in March 2024. There are other 2 bedroom Unit sold in Reservoir in the last 12 months.

Building Type
Unit
Local Government
Darebin
Lot/Plan
3/PS644988

Last Listing description (March 2024)

Stylish single-level living, and an idyllic low-maintenance aspect combine in perfect harmony to put forth a compelling case for the first-time buyer, downsizer, or investor. Located within walking distance of Reservoir train station, bus services, schools and the Darebin Creek Trail and moments from Broadway shops and cafes, La Trobe University, Plenty Road trams and Northland Shopping Centre and investors will also be falling over themselves to lock in this dream investment opportunity.

Polished timber floorboards and a smart open kitchen with stainless steel appliances highlight the contemporary style and exceptional quality of the radiant open-plan living domain, which extends onto a private low-maintenance courtyard, while a modern central bathroom with an oversized shower comfortably services two robed bedrooms of generous proportions.

Enhanced with split-system heating/cooling, European laundry, high ceilings and a single lock-up garage, move straight in or invest with confidence.

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Material Facts - please refer to the contract of sale and vendor statement for any/all material facts.

Land size sourced from land.vic.gov.au. This document has been prepared to assist solely in the marketing of this property. While all care has been taken to ensure the information provided herein is correct, Harcourts Rata & Co takes no responsibility for any inaccuracies. Accordingly all interested parties should make their own enquiries to verify the information, including and not limited to land size.

Property History for 3/128 Rathcown Rd, Reservoir, VIC 3073

A timeline of how this property has performed in the market
Last Sold
$508,000
16 Mar 2024
Listed for Rent
$360/w
13 Mar 2020
  • 16 Mar 2024
    Sold for $508,000
  • 16 Feb 2024
    Listed for Sale Not Disclosed
  • 18 Feb 2023
    Sold for $455,000
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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 28,268 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.

Suburb Insights for Reservoir 3073

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Michael Tomadakis
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Harcourts Rata & Co
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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.