853 Plenty RoadReservoir VIC 3073
Property Details for 853 Plenty Rd, Reservoir
853 Plenty Rd, Reservoir is a 3 bedroom, 2 bathroom House with 4 parking spaces and was built in 1960. The property has a land size of 728m2 and floor size of 115m2. While the property is not currently for sale or for rent, it was last sold in September 2021.
Last Listing description (July 2022)
Get off to a flying start in the property game with this five-star development site on the footsteps of Plenty Road.
With approved plans and permits for the construction of thirteen apartments (10 x 2 bedroom and 3 x 1 bedroom) on a generous 729.8sqm (approx.) block, you're free to start building one of Reservoir's most exciting developments the instant the keys to this first-class property are in your hands.
Once built, your brand new collection of luxurious apartments will enjoy a superior level of convenience thanks to its prized position in Reservoir, where Reservoir train station, 86 tram, bus services, Summer Hill Shopping Centre, Northland Shopping Centre, Latrobe University, Reservoir High School, Reservoir Leisure Centre and Edwardes Street shops and cafes are within walking distance and the vibrant High Street strip, Preston Market, Edwardes Lake and the Metropolitan Ring Road are just minutes away.
Currently occupying the prized block is a single-level 3-bedroom home, which can be leased out in the short-term or restored to its former glory so as to occupy your young family until you're ready to build in the future.
Property History for 853 Plenty Rd, Reservoir, VIC 3073
- 06 Sep 2021Sold for $1,200,000
- 19 Jan 2021Listed for Sale Sale
- 10 Nov 2018Listed for Sale For Sale
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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 28,263 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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