SOLD
RECENT ADVICE
Sold on 11 Nov 2024 for $845,000

87 Rathcown Road
Reservoir VIC 3073

Bedrooms: 3
Bathrooms: 1
Car spaces: 2
Land area: 743m2
Improve this data
Share
Save

Property Details for 87 Rathcown Rd, Reservoir

87 Rathcown Rd, Reservoir is a 3 bedroom, 1 bathroom House with 2 parking spaces. The property has a land size of 743m2. While the property is not currently for sale or for rent, it was last sold in November 2024. There are other 3 bedroom House sold in Reservoir in the last 12 months.

Building Type
House
Land Size
743m2
Local Government
Darebin
Lot/Plan
5/LP53243

Last Listing description (November 2024)

SOLD BY Morrison Kleeman - Located in the thriving suburb of Reservoir, this large and versatile flat block of approximately 743 sqm offers endless possibilities. The existing weatherboard home is highly liveable, featuring three generous bedrooms, including a large master, a centralised bathroom, a spacious kitchen ideal for family meals, and a sun-drenched lounge that provides plenty of room for relaxing and entertaining.

A long driveway leads to a lock-up garage and additional garden shed, offering ample storage space and potential for a home workshop. The low-maintenance garden, complete with established fruit trees, creates a peaceful setting to enjoy the summer months.

For builders or developers, the property comes with approved plans and permits for three dwellings. These include two three-bedroom homes and one four-bedroom home. Designed for modern living by award-winning C. Kairouz Architects of Thornbury, each dwelling features double car garages, spacious interiors, and clever design elements that meet and exceed the expectations of today’s market.

The home is currently tenanted, providing a steady income stream and flexibility for builders and developers to proceed at their own pace.

This is a rare opportunity to secure a property with potential for both immediate rental returns and long-term development gains.

So whether you plan to buy now and enjoy, build now or build later, this property is not to be missed, schedule an appointment to view today.

Show More

Property History for 87 Rathcown Rd, Reservoir, VIC 3073

A timeline of how this property has performed in the market
Last Sold
$845,000
11 Nov 2024
Listed for Rent
$425/w
16 Mar 2021
  • 07 Nov 2024
    Sold for $845,000
  • 09 Oct 2024
    Listed for Sale ESR: $780,000 - $850,000
  • 09 Mar 2021
    Listed for Rent $425 / week
Sign in to see more transactions

Commute Calculator

Recent sales nearby

See more recent sales nearby

Similar properties For Sale nearby

See more properties for sale nearby

Similar properties For Rent nearby

See more properties for rent nearby

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 28,590 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.
There are currently 199 properties listed for sale, and 71 properties listed for rent in Reservoir on OnTheHouse. According to CoreLogic's data, 1043 properties were sold in the past 12 months in Reservoir.

Reservoir Profile Page

Suburb Insights for Reservoir 3073

Visit Reservoir profile page
Market Insights
Reservoir Trends for Houses
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.
Median Value over 1 year
Reservoir Trends for Units
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.
Median Value over 1 year
Neighbourhood Insights
Age
Household
Occupancy
No data to show
Visit Reservoir profile page
Contact agent
Lucas Peressini
Show contact details
Call agent
Morrison Kleeman Eltham | Greensborough | Doreen
Preferred contact:
Privacy Policy
CoreLogic Copyright and Legal Disclaimers about Property Data

© Copyright 2024 RP Data Pty Ltd trading as CoreLogic Asia Pacific (CoreLogic). All rights reserved.

Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.

This product uses cookies and other similar technologies to improve and customise your browsing experience, to tailor content and adverts, and for analytics and metrics regarding visitor usage on this product and other media. We may share cookie and analytics information with third parties for the purposes of advertising. By continuing to use our website, you consent to cookies being used. View our Privacy Policy here.

X

GETTING STARTED