With its approx 20m frontage, this unique property presents a rare and exciting opportunity for home builders and developers alike - ideally situated with all the area's key lifestyle attractions close by. Key credentials of the block include a total land size in the vicinity of 541 square meters, as well as uniform dimensions, minimal gradient and General Residential Zoning (GRZ2). All this combined provides the perfect potential for those looking to construct a brand-new dream family home or possibly sub-divide in view of building two side-by-side residences (STCA). Walking distance to Gilbert Road buses, trams and Reservoir West Primary School, it's also close to Regent Village cafes, Coburg Hill Shopping Centre and the open spaces of Edwardes Lake Park. Land and location - this is the one!
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 28,996 properties. Over the last 5 years, Houses in Reservoir have seen a 4.72% increase in median value, while Units have seen a 12.44% increase. As at 31 May 2026:
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