249 Spring Street, Reservoir, VIC 3073 | Property Value & History | OnTheHouse
 
OFF MARKET

249 Spring Street
Reservoir VIC 3073

Bedrooms: 4
Bathrooms: 2
Car spaces: 4
Floor area: 195m2
Land area: 610m2
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Last updated 26 Jan 2026
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Property Details for 249 Spring St, Reservoir

249 Spring St, Reservoir is a 4 bedroom, 2 bathroom House with 4 parking spaces and was built in 1960. The property has a land size of 610m2 and floor size of 195m2. While the property is not currently for sale or for rent, it was last sold in August 2016.

Building Type
House
Year Built
1960
Floor Size
195m2
Land Size
610m2
Local Government
Darebin
Lot/Plan
1/LP20226

Last Listing description (May 2020)

INSPECTIONS STRICTLY BY APPOINTMENT - CONTACT AGENT

Woodards are delighted to present 249 Spring Street, Reservoir; an existing home on a prime corner block with the added benefit of approved plans for a development of luxury apartments.


Situated in the epicentre of Reservoir only 12 km approx. from Melbournes CBD, this property is a short walk to trendy cafes, shops, medical centre, banks, Edwardes Lake Park and across the road from the new state of the art Train Station.

The key attributes of the property include:

4 Level Residential Development

Permit Approved for 14 Apartments

Zoned RGZ3 Corner block 610m2 (approx.)

Easy access to La Trobe University, Northland Shopping Centre, Preston Market & Metropolitan Ring Road

A golden opportunity for astute developers/investors, in the heart of one of Melbourne's fastest growing suburbs!

For further information please contact John Sambolec on 0421 135 245.

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Property History for 249 Spring St, Reservoir, VIC 3073

A timeline of how this property has performed in the market
Last Sold
$1,700,000
13 Aug 2016
Listed for Rent
$480/w
30 May 2018
  • 25 Nov 2019
    Listed for Sale Private Sale - $2,050,000
  • 23 May 2018
    Listed for Rent $480 / week
  • 02 May 2017
    Listed for Rent $450 / week
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About 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 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.
There are currently 96 properties listed for sale, and 81 properties listed for rent in Reservoir on OnTheHouse. According to Cotality's data, 1284 properties were sold in the past 12 months in Reservoir.

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Cotality Copyright and Legal Disclaimers about Property Data

© Copyright 2026. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.

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