22 Burbank DriveReservoir VIC 3073
Property Details for 22 Burbank Dr, Reservoir
22 Burbank Dr, Reservoir is a 3 bedroom, 1 bathroom House with 2 parking spaces. The property has a land size of 583m2. While the property is not currently for sale or for rent, it was last sold in April 2025. There are other 3 bedroom House sold in Reservoir in the last 12 months.
Last Listing description (April 2025)
Located in a well-established and highly sought-after pocket of Reservoir, 22 Burbank Drive presents a rare opportunity for developers, investors, and builders looking for a project with significant potential. While the existing home requires extensive work, the true value lies in the endorsed plans and permits for the construction of two substantial townhouses, each offering a spacious and functional design.
The approved plans outline two well-appointed residences, each spanning 24.23 squares, designed to meet modern living standards. Both townhouses feature four generously sized bedrooms and two bathrooms, with the convenience of a master suite located on the ground floor. Secure off-street parking is accounted for, with a single lock-up garage and an additional open car space on title for each home.
With engineering drawings already completed, all that's left to do is obtain a building permit and commence construction. This is an opportunity to capitalize on a project that has already undergone key planning stages, significantly reducing the time and effort required to bring it to life.
The location is well-connected, with easy access to local schools, shopping precincts, public transport, and green spaces, ensuring strong appeal for future homeowners or tenants.
A development-ready site in a prime location with approved plans of this scale is increasingly hard to find. Take advantage of the groundwork already completed and get started immediately.
For further details or to arrange an inspection, contact us today.
Property History for 22 Burbank Dr, Reservoir, VIC 3073
- 25 Apr 2025Sold for $750,000
- 08 Apr 2025Listed for Sale Auction: $650,000 - $715,000
- 20 Oct 2020Sold for $660,000
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 28,939 properties. Over the last 5 years, Houses in Reservoir have seen a 19.99% increase in median value, while Units have seen a 15.48% increase. As at 30 November 2025:
- The median value for Houses in Reservoir is $970,763 while the median value for Units is $639,892.
- Houses have a median rent of $550 while Units have a median rent of $510.
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