205 Spring StreetReservoir VIC 3073
Property Details for 205 Spring St, Reservoir
205 Spring St, Reservoir is a 3 bedroom, 1 bathroom House with 2 parking spaces and was built in 1950. The property has a land size of 673m2 and floor size of 103m2. While the property is not currently for sale or for rent, it was last sold in November 2020.
Last Listing description (March 2026)
Positioned in the vibrant heart of Reservoir, this exceptional property presents a rare and ready-made opportunity for developers and savvy investors. Set on a generous 674 sq m (approx.) of prime land, the site comes complete with approved plans and permits for the construction of three contemporary dwellings, saving you time, money, and planning uncertainty.The existing residence comprises three oversized bedrooms, a formal lounge, central bathroom, neat kitchen with adjoining meals area, and a dedicated study, providing rental income potential while you prepare to build. Added features include heating and cooling, water tanks, a garage, carport, and ample off-street parking.The expansive backyard and well-proportioned block provide a clear and accessible layout for your development vision to come to life.Located for lifestyle and convenience, you're just moments from Reservoir West Primary, Preston High School, Reservoir and Regent train stations, local bus routes, shops, and popular parklands.Opportunities like this in a high-demand locale, are increasingly hard to find. Whether you're looking to start your next project or expand your portfolio, this is one not to be missed.Terms: 10% deposit, balance 30/60 days
Property History for 205 Spring St, Reservoir, VIC 3073
- 10 Mar 2026Listed for Sale $880,000 - $935,000
- 11 Aug 2025Listed for Sale $880,000 - $935,000
- 26 Nov 2020Sold for $796,000
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 29,019 properties. Over the last 5 years, Houses in Reservoir have seen a 17.66% increase in median value, while Units have seen a 13.54% increase. As at 28 February 2026:
- The median value for Houses in Reservoir is $998,614 while the median value for Units is $646,432.
- Houses have a median rent of $550 while Units have a median rent of $520.
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