196-198 Albert Street Reservoir VIC 3073
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A fantastic 1220sqm site for 10 Townhouses, or the next commercial development.
Property Details for 196-198 Albert St, Reservoir
196-198 Albert St, Reservoir is a 4 bedroom, 2 bathroom House with 2 parking spaces. The property has a land size of 1220m2. The place is currently for sale with Ray White Reservoir.
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 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 28,937 properties. Over the last 5 years, Houses in Reservoir have seen a 25.20% increase in median value, while Units have seen a 15.10% increase. As at 31 October 2025:
- The median value for Houses in Reservoir is $978,475 while the median value for Units is $639,872.
- Houses have a median rent of $550 while Units have a median rent of $503.
Suburb Insights for Reservoir 3073
Market Insights
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