37-47 Mcfadzean AvenueReservoir VIC 3073
Property Details for 37-47 Mcfadzean Ave, Reservoir
Last Listing description (May 2024)
A great opportunity to expand your Development Portfolio with this corner development site. Approved Plans and Permits for 8 townhomes in excess of 20sq and 5 shops. Proposed resale on shops and townhomes, as listed below:
Shop 1 - $450,000
Shop 2 - $450,000
Shop 4 - $450,000
Shop 5 - $450,000
Dwelling 1 - $850,000
Dwelling 2 - $850,000
Dwelling 3 - $850,000
Dwelling 4 - $850,000
Dwelling 5 - $850,000
Dwelling 6 - $900,000
Dwelling 7 - $850,000
Dwelling 8 - $850,000
Contact Frank Romeo 0438 010 974
Property History for 37-47 Mcfadzean Ave, Reservoir, VIC 3073
- 12 Jun 2024Sold for $1,849,091
- 15 May 2024Listed for Sale $3,100,000 - $3,400,000
- 28 Sep 2022Listed for Sale $3,100,000 - $3,400,000
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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 29,142 properties. Over the last 5 years, Houses in Reservoir have seen a 2.30% increase in median value, while Units have seen a 10.80% increase. As at 30 June 2026:
- The median value for Houses in Reservoir is $957,158 while the median value for Units is $645,988.
- Houses have a median rent of $590 while Units have a median rent of $530.
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