698 Plenty Rd, Reservoir is a 4 bedroom, 1 bathroom House with 2 parking spaces and was built in 1960. The property has a land size of 521m2 and floor size of 146m2. While the property is not currently for sale or for rent, it was last sold in January 2022.
Bursting with potential, this single-level four-bedroom home presents a life-changing opportunity to the buyer with vision.
For the young family eager to secure their future in an established lifestyle locale, the smart investor searching for a future-proof investment or astute builder eager to extract maximum value from the generous 518sqm (approx.) block (STCA) that boasts side laneway access, this is the kind of property that can really set you on the pathway to future success.
Featuring light-filled living, spacious kitchen with a 600mm upright cooker, fully-tiled bathroom, split-system heating/cooling and ample off-street parking, move straight in and enjoy its current-day picture of charm, add a modern touch or lease it out for an attractive return.
Enjoying direct access to La Trobe and RMIT universities, Summerhill Shopping Centre, the CBD and High Street/Plenty Road bars and cafes via the No.86 tram, which stops just footsteps away, along with convenient access to Northland Shopping Centre, Preston Market and schools, it's packed with value and opportunity!
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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