77/2 Gremel RoadReservoir VIC 3073
Property Details for 77/2 Gremel Rd, Reservoir
77/2 Gremel Rd, Reservoir is a 2 bedroom, 1 bathroom Unit. The property has a land size of 139m2. While the property is not currently for sale or for rent, it was last sold in June 2024. There are other 2 bedroom Unit sold in Reservoir in the last 12 months.
Last Listing description (June 2024)
Located in a peaceful community this 2-bedroom unit is one of only a select few in this quiet complex and is close to all amenities such as Plenty Road Tram, Northland Shopping Centre and Summerhill Shops at your doorstep. The generous sized master bedroom features BIR. The open plan living, dining and kitchen provides plenty of space to live in comfort. An additional 2nd bedroom offers the opportunity to utilise as a separate hobby room or guest room. There is also a full bathroom and laundry which also provides access to a private courtyard to enjoy the peaceful environment and surroundings. Further features include heating and cooling as well as a single carport space and shed in the back yard.
To live in the Residential Park you will need to be over 55 years of age, there is a fortnightly fee of $640 for one person and more for two people you are only purchasing the building and not the land. The fees cover garden maintenance, common ground insurance, and water.
Property History for 77/2 Gremel Rd, Reservoir, VIC 3073
- 14 Jun 2024Sold for $114,000
- 06 Jun 2024Listed for Sale Under Offer
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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 28,264 properties. Over the last 5 years, Houses in Reservoir have seen a 23.05% increase in median value, while Units have seen a 21.24% increase. As at 31 August 2024:
- The median value for Houses in Reservoir is $928,587 while the median value for Units is $602,189.
- Houses have a median rent of $520 while Units have a median rent of $480.
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