3K Morris StreetReservoir VIC 3073
Property Details for 3k Morris St, Reservoir
Last Listing description (August 2024)
Nothing to demolish, no land to clear - just get on with the business of building (STCA)! That's the prospect awaiting the lucky buyer of this prized vacant parcel of land, measuring an outstanding 898.8sqm (approx.) in size within Reservoir's sought-after Merrilands Estate.
Boasting a wide 18.3m (approx.) frontage and perfectly flat in nature, it's a once in a lifetime opportunity to consult the drawing board and build the luxurious lifestyle home of your dreams (STCA). And with such huge land dimensions, you could even fit a swimming pool in the backyard and give your future home a resort vibe (STCA)!
Once built, your brand new creation will stand within easy walking distance of Keon Park train station, bus services and William Ruthven primary and secondary schools and minutes from the Metropolitan Ring Road, Reservoir's buzzing lifestyle precinct, sporting facilities and Edwardes Lake Park.
Property History for 3k Morris St, Reservoir, VIC 3073
- 17 Jul 2024Sold for $830,000
- 02 Jul 2024Listed for Sale UNDER OFFER
- 12 Oct 1997Sold for $89,500
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About 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 28,996 properties. Over the last 5 years, Houses in Reservoir have seen a 6.60% increase in median value, while Units have seen a 14.29% increase. As at 30 April 2026:
- The median value for Houses in Reservoir is $968,594 while the median value for Units is $651,866.
- Houses have a median rent of $570 while Units have a median rent of $525.
Suburb Insights for Reservoir 3073
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