1/114 Mcmahon Road Reservoir VIC 3073
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Charming 2-Bedroom Home with Future Value & Privacy Enhancements
Property Details for 1/114 Mcmahon Rd, Reservoir
1/114 Mcmahon Rd, Reservoir is a 2 bedroom, 1 bathroom House with 2 parking spaces. The property has a land size of 290m2. The place is currently for sale with OBrien Real Estate Preston/Reservoir.
About Reservoir 3073
The size of Reservoir is approximately 18.9 square kilometres. There are 45 parks, covering nearly 8.8% of the total area. The population of Reservoir in 2016 was 50474 people. By 2021 the population was 51096 showing a population growth of 1.2% 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 2021, 59.90% of the homes in Reservoir were owner-occupied compared with 59.30% in 2016.
Reservoir has 29,150 properties. Over the last 5 years, Houses in Reservoir have seen a -3.25% decrease in median value, while Units have seen a 9.27% increase. As at 31 August 2026:
- The median value for Houses in Reservoir is $936,038 while the median value for Units is $652,602.
- Houses have a median rent of $600 while Units have a median rent of $540.
Suburb Insights for Reservoir 3073
Market Insights
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