196 Albert StreetReservoir VIC 3073
Property Details for 196 Albert St, Reservoir
196 Albert St, Reservoir is a 4 bedroom, 2 bathroom House with 2 parking spaces and was built in 1965. The property has a land size of 1220m2 and floor size of 98m2. While the property is not currently for sale or for rent, it was last sold in June 2021.
Last Listing description (April 2026)
Presenting 196-198 Albert Street Reservoir, a rare double block opportunity. Recently approved permit for a boutique luxury development in a sought-after area Landholding of approximately 1,220 sqm with 2 street frontages under 2 titles Reservoir is a suburb with high demand and increasing median house prices (source REIV) Development includes 10 townhouses, predominantly 3-bedroom dwellings Each townhouse features multiple living spaces and private outdoor areas Located near Preston & Heidelberg, suburbs with rising median house prices Close to retail at Preston Northland and amenities in both Reservoir and Preston Accessible to Preston, Reservoir trains, trams, and buses, and approximately 15 minutes to the CBD Nearby schools include Reservoir East Primary School, Thornbury High School, Reservoir High School, and Reservoir Views Primary School. A childcare centre is located next doorThe properties are currently tenanted and generating rental income.For investors, builders, and developers, the vendors will provide: Working Drawings Structural Engineering & Comps Drainage Design LPOD & SDO Soil Test 6 Star Energy Rating at the time of settlement
Property History for 196 Albert St, Reservoir, VIC 3073
- 15 Apr 2026Listed for Sale $1,800,000 - $1,900,000
- 20 Feb 2024Listed for Sale Contact Agent
- 29 Jun 2021Sold for $855,000
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 28,993 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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