776 Plenty RoadReservoir VIC 3073
Property Details for 776 Plenty Rd, Reservoir
776 Plenty Rd, Reservoir is a 3 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1970. The property has a land size of 420m2. While the property is not currently for sale or for rent, it was last sold in February 2021.
Last Listing description (March 2021)
Blossoming with potential on a fantastic 415sqm (approx.) corner block with a coveted Residential Growth Zone (RGZ1), imagine what you could create on this position-perfect field of dreams.
Enjoying the benefits of a dual street frontage along Plenty Road and Dorrington Avenue, it's the chance of a lifetime to develop in a prominent five-star lifestyle location (STCA) offering 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!
Currently occupying the prized block is a neat and tidy three-bedroom home, which could be leased out to generate a passive income stream while awaiting plans and permits approval.
Act now and secure your future!
Property History for 776 Plenty Rd, Reservoir, VIC 3073
- 27 Feb 2021Sold for $635,000
- 02 Feb 2021Listed for Sale $580,000 - $620,000
- 19 Apr 2017Sold for $488,000
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0About 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 28,592 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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