40 Clingin StreetReservoir VIC 3073
Property Details for 40 Clingin St, Reservoir
40 Clingin St, Reservoir is a 3 bedroom, 1 bathroom House with 2 parking spaces and was built in 1960. The property has a land size of 581m2 and floor size of 86m2. While the property is not currently for sale or for rent, it was last sold in August 2023.
Last Listing description (August 2023)
Welcome to 40 Clingin Street, Reservoir, a property that holds immense potential for both renovators and developers. Situated on a generous 581.3m2 block in a highly sought-after Residential Growth Zone Schedule 3, this property provides an excellent opportunity for development, transformation and investment.For developers, the Residential Growth Zone classification opens doors to explore a variety of potential development options (STCA). The sizeable land area allows for possibilities such as townhouse developments or even apartment complexes (STCA). Take advantage of the growing demand for residential properties in this sought-after location.The property is strategically located close to a range of amenities, making it an attractive prospect for potential buyers. Residents will have easy access to: Summerhill Shopping Center and Northland Shopping Centre: A short walk away, offering a wide range of shopping and dining options. Parklands: Enjoy the lush green spaces and recreational opportunities in the nearby parks. Multiple Bus Routes: Excellent public transport connectivity, making commuting a breeze.Don't miss this rare opportunity to secure this property with incredible development potential. With its prime location, generous land size, and versatile zoning, 40 Clingin Street, Reservoir, is a hot prospect for savvy renovators and developers alike.
Property History for 40 Clingin St, Reservoir, VIC 3073
- 18 Aug 2023Sold for $645,000
- 01 Aug 2023Listed for Sale AUCTION: $595,000 - $650,000
- 01 Jan 1989Sold for $76,500
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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 28,609 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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