18 Johnson Street, Reservoir, VIC 3073 | Land for sale | OnTheHouse
 
FOR SALE
Private Sale - $900,000 - $950,000

18 Johnson Street
Reservoir VIC 3073

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Approved Potential on a Convenient Corner

In a popular location close to everything that counts, this vacant corner block provides the perfect site for your next development project and comes complete with an approved planning permit in place to build three impressive new 3BR townhouses.
Key attribute of the block itself includes general residential zoning (GRZ2), along with uniform dimensions, minimal gradient across the site and a total land area in the vicinity of 615 square metres.
Endorsed plans highlights three sizeable townhouses each comprising three bedrooms (main with WIR) along with a central bathroom and additional WC - unit 1 with extra ensuite.
Add to this a sizeable open living/dining/kitchen area leading out to the sunny north-facing courtyard, plus garage with internal entry and second driveway parking space - all with frontage to Lloyd Street.
Along with an approved planning permit and endorsed plans, numerous other processes have been completed including energy rating, surveyor assessment, soil report and civil drawings.
Keon Park Station around the corner along with local shops, eateries and acres of parkland, it's also closes to local schools and Keon Park Children's Hub, as well as easy access to the Ring Road.
All information about this property has been provided to Ray White by third parties. Ray White has not verified the information and does not warrant its accuracy or completeness. Parties should make and rely on their own enquiries in relation to this property.
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Property Details for 18 Johnson St, Reservoir

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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 29,148 properties. Over the last 5 years, Houses in Reservoir have seen a -0.25% decrease in median value, while Units have seen a 10.34% increase. As at 31 July 2026:

  • The median value for Houses in Reservoir is $949,204 while the median value for Units is $650,197.
  • Houses have a median rent of $600 while Units have a median rent of $538.
There are currently 120 properties listed for sale, and 112 properties listed for rent in Reservoir on OnTheHouse. According to Cotality's data, 1183 properties were sold in the past 12 months in Reservoir.

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Ray White Pascoe Vale
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