6 Nicholson AvenueReservoir VIC 3073
Property Details for 6 Nicholson Ave, Reservoir
6 Nicholson Ave, Reservoir is a 2 bedroom, 1 bathroom House. The property has a land size of 720m2. While the property is not currently for sale or for rent, it was last sold in October 2024. There are other 2 bedroom House sold in Reservoir in the last 12 months.
Last Listing description (October 2024)
A rare opportunity on a 720m² block with an expansive allowable 40% building envelope. Perfectly positioned for a developer or those dreaming of building their custom home, this blank canvas offers outstanding potential. Zoning: General Residential Schedule 2.
The existing house has seen better days and is long overdue for demolition, making way for your vision to take shape. Whether you're planning a sleek 3-unit development (STCA) or a spacious new residence, this generous allotment is ready for a new life.
Situated in a sought-after location, close to parks, schools, public transport, and local amenities, 6 Nicholson Avenue is your gateway to an exciting future.
Don't miss out on this exceptional development site!
Disclaimer: The information contained in this website has been prepared by eXp Australia Pty Ltd ("the Company") and/or an agent of the Company. The Company has used its best efforts to verify, and ensure the accuracy of, the information contained herein. The Company accepts no responsibility or liability for any errors, inaccuracies, omissions, or mistakes present in this website. Prospective buyers are advised to conduct their own investigations and make the relevant enquiries required to verify the information contained in this website.
Due Diligence Checklist https://www.consumer.vic.gov.au/duediligencechecklist
Property History for 6 Nicholson Ave, Reservoir, VIC 3073
- 12 Oct 2024Sold
- 16 Sep 2024Listed for Sale $685,000
- 16 Feb 1976Sold for $20,400
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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 28,582 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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