31 Nisbett StreetReservoir VIC 3073
Property Details for 31 Nisbett St, Reservoir
31 Nisbett St, Reservoir is a 3 bedroom, 1 bathroom House with 2 parking spaces. The property has a land size of 576m2. While the property is not currently for sale or for rent, it was last sold in December 2023. There are other 3 bedroom House sold in Reservoir in the last 12 months.
Last Listing description (December 2023)
Offered for the very first time since purchased by its original owners, an exciting opportunity is presented to the astute buyer of this potential-packed two-bedroom home with dreams of renovating or redeveloping (STCA) in a convenient locale.
Presented in original condition, creative types have a fantastic opportunity to roll up their sleeves and transform the neat and tidy interior into a modern masterpiece. Featuring two bright bedrooms inside, a freestanding bungalow/third bedroom outside, a welcoming lounge on entry, central open-plan kitchen/meals area and separate laundry, there's also scope to extend the home into the huge grassed backyard as the family grows (STCA).
As appealing as the home would be for restoration purposes, it would proudly make way for a modern redevelopment or the brand new family home of your dreams should development be the option of choice, now or in the future (STCA).
With a generous 576sqm (approx.) north-facing block presenting as your field of dreams and a stellar location moments from Northland Shopping Centre, Preston North East Primary School, the No.86 tram, nearby parks, La Trobe University and Summerhill Shopping Centre, renovating or developing in this popular location is an opportunity that's too good to refuse (STCA)!
Property History for 31 Nisbett St, Reservoir, VIC 3073
- 09 Dec 2023Sold for $685,000
- 14 Nov 2023Listed for Sale Auction: $650,000 - $715,000
- 03 Mar 1982Sold
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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 28,597 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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