SOLD
Sold on 12 Jun 2024 for $1,849,091

37-47 Mcfadzean Avenue
Reservoir VIC 3073

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 1468m2
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Property Details for 37-47 Mcfadzean Ave, Reservoir

Building Type
Land
Land Size
1468m2
Local Government
Darebin
Lot/Plan
PC354208

Last Listing description (May 2024)

A great opportunity to expand your Development Portfolio with this corner development site. Approved Plans and Permits for 8 townhomes in excess of 20sq and 5 shops. Proposed resale on shops and townhomes, as listed below:
Shop 1 - $450,000
Shop 2 - $450,000

Shop 3 - $450,000
Shop 4 - $450,000
Shop 5 - $450,000

Dwelling 1 - $850,000
Dwelling 2 - $850,000
Dwelling 3 - $850,000
Dwelling 4 - $850,000
Dwelling 5 - $850,000
Dwelling 6 - $900,000
Dwelling 7 - $850,000
Dwelling 8 - $850,000

Contact Frank Romeo 0438 010 974

Property History for 37-47 Mcfadzean Ave, Reservoir, VIC 3073

A timeline of how this property has performed in the market
Last Sold
$1,849,091
12 Jun 2024
  • 12 Jun 2024
    Sold for $1,849,091
  • 15 May 2024
    Listed for Sale $3,100,000 - $3,400,000
  • 28 Sep 2022
    Listed for Sale $3,100,000 - $3,400,000
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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 28,581 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.
There are currently 197 properties listed for sale, and 67 properties listed for rent in Reservoir on OnTheHouse. According to CoreLogic's data, 1040 properties were sold in the past 12 months in Reservoir.

Suburb Insights for Reservoir 3073

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Barry Plant - Preston
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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.