36 Nisbett Street, Reservoir, VIC 3073 | Property Value & History | OnTheHouse
OFF MARKET

36 Nisbett Street
Reservoir VIC 3073

Bedrooms: 2
Bathrooms: 1
Car spaces: 2
Floor area: 74m2
Land area: 581m2
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Property Details for 36 Nisbett St, Reservoir

36 Nisbett St, Reservoir is a 2 bedroom, 1 bathroom House with 2 parking spaces and was built in 1950. The property has a land size of 581m2 and floor size of 74m2. While the property is not currently for sale or for rent, it was last sold in May 2024.

Building Type
House
Year Built
1950
Floor Size
74m2
Land Size
581m2
Local Government
Darebin
Lot/Plan
54/LP59107

Last Listing description (June 2024)

This property presents an exciting opportunity for both homebuyers and investors alike, boasting a prime location on the border of Preston that combines convenience and potential. The charming two-bedroom home, offers versatility and space for various living arrangements.

Situated within walking distance of key amenities such as Northland Shopping Centre, Preston North East Primary School, and bus transport, it promises a lifestyle of convenience. The updated presentation and neat appearance make it immediately appealing to those looking to move in or lease out.

Inside, an open planned home with timber floorboards add character, while the presence of renovated kitchen and bathrooms enhances functionality. The generous-sized bedrooms complete with roller shutters ensure ample living space, while the low-maintenance backyard with a decked BBQ entertainment area provides outdoor enjoyment and storage.

With multi car accommodations on a substantial 581sqm of land, there's plenty of room for vehicles and potential for further development or landscaping, plenty of room for redevelopment, adding to your asset. The property's convenient access to La Trobe University, parkland, and the 86 tram ensures connectivity to broader amenities and transportation networks.

Overall, this property is sure to attract widespread interest due to its combination of location, versatility, and future potential, making it a compelling investment opportunity in Reservoir and Preston's sought-after real estate market.

Property History for 36 Nisbett St, Reservoir, VIC 3073

A timeline of how this property has performed in the market
Last Sold
$720,000
23 May 2024
  • 23 May 2024
    Sold for $720,000
  • 23 Apr 2024
    Listed for Sale $700,000 - $760,000
  • 05 Oct 2019
    Sold for $651,000
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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 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.
There are currently 87 properties listed for sale, and 75 properties listed for rent in Reservoir on OnTheHouse. According to Cotality's data, 1272 properties were sold in the past 12 months in Reservoir.

Suburb Insights for Reservoir 3073

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Cotality Copyright and Legal Disclaimers about Property Data
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.