114 Spring StreetReservoir VIC 3073
Property Details for 114 Spring St, Reservoir
114 Spring St, Reservoir is a 3 bedroom, 1 bathroom House with 2 parking spaces. The property has a land size of 465m2. While the property is not currently for sale or for rent, it was last sold in May 2025.
Last Listing description (May 2025)
Situated in a highly sought-after pocket of Reservoir, this prime property at 114 Spring Street presents an exceptional opportunity for astute buyers, developers, and investors alike. Set on a generous allotment of approximately 465m², this site comes with the added benefit of approved plans for the construction of two large, contemporary residences, saving you time and effort while ensuring a smooth path to your next development project.
Whether you choose to move forward with the approved plans, explore your own vision, or landbank for future growth, the property's unbeatable location ensures enduring value. With easy access to local schools, public transport, Regent Station, Broadway and Edwardes Street shopping precincts, as well as nearby parks and recreational facilities, this is an opportunity that blends convenience with exceptional potential.
A rare chance to secure a ready-to-go development site in a vibrant and fast-growing suburb, 114 Spring Street is the perfect canvas for your next project or investment success.
Property History for 114 Spring St, Reservoir, VIC 3073
- 03 May 2025Sold for $770,000
- 28 Feb 2025Listed for Sale Under Offer
- 25 Mar 2024Listed for Sale PRIVATE SALE $745,000
Recent sales nearby
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0About 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 29,028 properties. Over the last 5 years, Houses in Reservoir have seen a 6.60% increase in median value, while Units have seen a 14.29% increase. As at 30 April 2026:
- The median value for Houses in Reservoir is $968,594 while the median value for Units is $651,866.
- Houses have a median rent of $570 while Units have a median rent of $525.
Suburb Insights for Reservoir 3073
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