213 Spring StreetReservoir VIC 3073
Property Details for 213 Spring St, Reservoir
213 Spring St, Reservoir is a 2 bedroom, 1 bathroom House with 2 parking spaces and was built in 1955. The property has a land size of 633m2 and floor size of 126m2. While the property is not currently for sale or for rent, it was last sold in December 2024.
Last Listing description (February 2025)
Unlock the potential of this prime property at 213 Spring St, Reservoir. This charming 3-bedroom, 1-bathroom home is not only a comfortable residence but also an outstanding investment opportunity, with approved permits for two large 4-bedroom townhouses. Charming Existing Home: The current residence offers three spacious bedrooms, a well-appointed bathroom, and a welcoming living area. It's perfect for tenants or as a cozy family home. Approved Permits: This property comes with approved permits for two expansive 4-bedroom townhouses. Save time and start building your investment portfolio with ready-to-go development plans. Versatile Townhouse Design: Both townhouses feature a convenient downstairs bedroom, broadening your buyer pool to include downsizers, multi-generational families, and those seeking flexible living arrangements. This design maximizes resale value by catering to a wider market. Prime Location: Located in the heart of Reservoir, this property is within easy reach of local schools, parks, shopping centres, and public transport. Enjoy the convenience and lifestyle benefits of this sought-after neighborhood. Development Potential: The approved townhouses promise substantial future returns. Capitalize on the growing demand for quality housing in Reservoir by developing these spacious, modern residences. Investment Appeal: The combination of immediate rental income and long-term development potential makes this an ideal investment for astute buyers looking to secure their financial future.Additional Features: Current Home: Offers a cozy living environment with ample natural light and comfortable living spaces. Location Benefits: Close to essential amenities, Reservoir and Regent Station, Schools, Edwardes Lake, Preston Market - providing convenience and enhancing the property's appeal.Don't miss this exceptional opportunity to own a versatile property with significant upside potential at 213 Spring St, Reservoir. Whether you're an investor or looking for a family home with future development prospects, this property ticks all the boxes.
Property History for 213 Spring St, Reservoir, VIC 3073
- 20 Dec 2024Sold for $751,500
- 07 Jun 2024Listed for Sale SALE $800,000 - $880,000
- 04 Sep 2010Sold for $525,000
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 28,937 properties. Over the last 5 years, Houses in Reservoir have seen a 17.33% increase in median value, while Units have seen a 14.71% increase. As at 31 December 2025:
- The median value for Houses in Reservoir is $984,628 while the median value for Units is $637,552.
- Houses have a median rent of $550 while Units have a median rent of $520.
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