751 Plenty RoadReservoir VIC 3073
Property Details for 751 Plenty Rd, Reservoir
751 Plenty Rd, Reservoir is a 3 bedroom, 2 bathroom House and was built in 1950. The property has a land size of 724m2 and floor size of 129m2. While the property is not currently for sale or for rent, it was last sold in March 2019.
Last Listing description (August 2026)
Jake Popalis proudly presents ...
Opportunities of meaningful scale with genuine development readiness are often difficult to secure. This substantial holding of approximately 724 sqm presents a considered and strategic prospect for those seeking to create lasting value through well-planned redevelopment.
The existing dwelling on site is slated for removal, clearing the way for redevelopment. Importantly, town planning approved plans and permits are already in place for the construction of two contemporary townhouses and nine well-designed apartments, providing a streamlined pathway to deliver a thoughtfully planned multi-residential outcome.
Townhouse 1 - Conventional Living - 2 Bed - 2 Bath - 1 Car
Townhouse 1 - Reverse Living - 2 Bed - 2 Bath - 1 Car
Apartment 1 - 2 Bed - 1 Bath - 1 Car
Apartment 2 - 2 Bed - 1 Bath - 1 Car
Apartment 3 - 1 Bed - 1 Bath - 1 Car
Apartment 4 - 1 Bed - 1 Bath - 1 Car
Apartment 5 - 2 Bed - 1 Bath - 1 Car
Apartment 6 - 2 Bed - 1 Bath - 1 Car
Apartment 7 - 1 Bed - 1 Bath
Apartment 8 - 1 Bed - 1 Bath
Apartment 9 - 2 Bed - 1 Bath - 1 Car
With groundwork complete and approvals secured, this development opportunity significantly reduces holding risk and planning uncertainty. Whether you are expanding your portfolio or undertaking your next boutique project, this offering combines scale, town planning approval certainty, and exceptional future potential in one strategic acquisition.
Highlights :
Approximately 724sqm landholding
Existing dwelling slated for removal
Plans and permits secured
Two townhomes and nine apartments approved
Streamlined pathway to construction
Reduced holding and planning risk
Ideal for developers and investors
Excellent local connections
Minutes to Reservoir Train Station
All property information has been provided to Ray White by third parties. While Ray White strives for accuracy, we have not verified this information and do not guarantee its accuracy or completeness. Interested parties should conduct their own inquiries regarding this property.
Property History for 751 Plenty Rd, Reservoir, VIC 3073
- 23 Feb 2026Listed for Sale Private Sale - $780,000 - $850,000
- 17 Feb 2023Listed for Sale $1,000,000 - $1,100,000
- 26 Mar 2019Sold for $875,000
Recent sales nearby
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0About 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 29,149 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.
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