153b Spring St, Reservoir is a 3 bedroom, 1 bathroom House with 1 parking spaces and was built in 2017. The property has a land size of 487m2 and floor size of 101m2. While the property is not currently for sale or for rent, it was last sold in November 2006.
Huge potential to renovate this ex-servo into a landmark home! With its wide frontage, immediate functionality and Residential 1 Zoning, this one-of-a-kind home provides a unique and exciting opportunity to rejuvenate, rebuild or redevelop (STCA) in sought-after Regent. Current floorplan includes three main bedrooms and office/fourth bedroom, central bathroom, lounge and separate kitchen/meals. Limited only by your imagination (and relevant council approvals), there's plenty of room to extend the existing home and create a much more private outdoor environment, or utilize the block as a blank canvas on which to create something completely new. Positioned for absolute convenience close to Regent Station, Gilbert Road trams, Regent Village cafes, local parks and schools, as well as High Street shops and renowned Preston Market. Just imagine the possibilities!
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 29,025 properties. Over the last 5 years, Houses in Reservoir have seen a 11.75% increase in median value, while Units have seen a 13.93% increase. As at 31 March 2026:
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