28 Erskine AvenueReservoir VIC 3073
Property Details for 28 Erskine Ave, Reservoir
28 Erskine Ave, Reservoir is a 4 bedroom, 1 bathroom House. The property has a land size of 696m2. While the property is not currently for sale or for rent, it was last sold in July 2026. There are other 4 bedroom House sold in Reservoir in the last 12 months.
Last Listing description (July 2026)
An exciting opportunity awaits at 28 Erskine Avenue, offering excellent future development potential in a well-established and convenient location.
Set on a generous allotment, the property previously received approval in 2019 for the construction of two additional dwellings at the rear, while retaining the existing residence. Although the previous approval has now lapsed, the previously approved plans provide valuable insight into the sites potential and may assist future purchasers in exploring similar development possibilities, subject to council approval.
The existing home offers immediate rental, holding or renovation potential, making this an ideal opportunity for developers, builders, investors or landbankers seeking a property with strong value-add upside.
Key Features:
- Previously approved plans for two rear dwellings
- Existing residence with rental or holding income potential
- Excellent development, investment or landbank opportunity
- Generous allotment with strong future potential
- Ideal for developers, builders and investors
- Convenient location close to local amenities, schools, shops and transport
With its previous development approval history and versatile future potential, 28 Erskine Avenue is a rare opportunity for buyers looking to secure a property with genuine upside.
The previous planning approval has lapsed. All development potential, plans, permits and future use are subject to council approval and should be independently verified by the purchaser.
Property History for 28 Erskine Ave, Reservoir, VIC 3073
- 17 Jul 2026Sold
- 26 Jun 2026Listed for Sale $930,000 - $980,000
- 19 Mar 2025Listed for Rent $550 / week
Recent sales nearby
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0About Reservoir 3073
The size of Reservoir is approximately 18.9 square kilometres. There are 45 parks, covering nearly 8.8% of the 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 29,149 properties. Over the last 5 years, Houses in Reservoir have seen a -0.25% decrease in median value, while Units have seen a 10.34% increase. As at 31 July 2026:
- The median value for Houses in Reservoir is $949,204 while the median value for Units is $650,197.
- Houses have a median rent of $600 while Units have a median rent of $538.
Suburb Insights for Reservoir 3073
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