216 Spring Street, Reservoir, VIC 3073 | BlockOfUnits for sale | OnTheHouse
 
FOR SALE
$2,100,000

216 Spring Street
Reservoir VIC 3073

Bedrooms: 7
Bathrooms: 5
Car spaces: 3
Improve this data
Inspection Times
No upcoming inspections scheduled.
Contact agent to arrange an inspection.
Share
Save

Multiple Properties Sold As One Noteworthy Package.

Rarely seen in such an incomparable location, here is your chance to secure multiple properties under one title. Positioning itself as an inspired investment, be sure to act fast as opportunities of this magnitude are hard to come by.
On offer are two townhouses and a rear unit that could be set up to earn a substantial rental income. All of the dwellings offer modern aesthetics, with an open plan kitchen and meals and living zones connecting to outdoor courtyards. The floor plans reveal two or three bedrooms serviced by two bathrooms and large laundries; each have their own access to a remote garage with an added car space on title. The location is within walking distance to public transport, local schools, Edwardes Street shopping and dining, parklands, and local amenities.
Lease details and returns:
Unit 1: $1955
Unit 2: Projected at $2150pcm
Unit 3: $2390pcm
* Three dwellings sold under the one title, each with single garages and extra car spaces
* Open plan kitchen, meals and living zones in each of the dwellings, all fitted with modern appliances, tiled flooring and carpeted bedrooms
* Two of the dwellings offer three bedrooms (one includes a rumpus or potential bedroom) the middle dwelling features two bedrooms. All homes offer two bathrooms
* An unreal investment, in close proximity to local shopping, schools, parks and transportation
See MoreView Statement of Information

Property Details for 216 Spring St, Reservoir

216 Spring St, Reservoir is a 7 bedroom, 5 bathroom BlockOfUnits with 3 parking spaces. The place is currently for sale with Love Real Estate - Reservoir.

Building Type
BlockOfUnits
Commute Calculator

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 125 properties listed for sale, and 95 properties listed for rent in Reservoir on OnTheHouse. According to Cotality's data, 1185 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
agent headshot
Marc Romeo
Show contact details
Call agent
agent headshot
Frank Romeo
Show contact details
Call agent
Love Real Estate - Reservoir
Preferred contact:
Privacy Policy
Cotality Copyright and Legal Disclaimers about Property Data

© Copyright 2026. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.

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