32 Tambo Ave, Reservoir is a 3 bedroom, 1 bathroom House with 1 parking spaces. The property has a land size of 647m2 and floor size of 121m2. While the property is not currently for sale or for rent, it was last sold in April 2022.
Dare to dream of what you are able to create on this first-class development site, positioned on the fringe of Reservoir's highly sought after Oakhill Estate (STCA). Less than 14kms from Melbourne's CBD and enjoying swift and convenient access to public transportation, Broadway and Edwardes Street shops and cafes, Plenty Road eateries, Northland Shopping center, Latrobe University, local parklands and a number of primary schools in the surrounding area, your brand new creation will stand to benefit from the superior level of convenience this notable location delivers. Currently occupying a dream, highly desirable and not often attainable, corner allotment of 648sqm, this original timber home currently offers an attractive rental income of approximately $1,610 per calendar month, whilst you wait for your plans and permits to be approved by the council. Featuring a spacious living area with an electric heater, three bedrooms serviced by a main family bathroom, a well presented kitchen with modern appliances, two car spaces from the front and side plus an easy-care backyard. Be quick to inspect as golden opportunities like this one don't stay on the market for too long.
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:
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