42 Crevelli St, Reservoir is a 3 bedroom, 2 bathroom Townhouse with 2 parking spaces. While the property is not currently for sale or for rent, it was last sold in December 2020.
- Approved Town Planning permit.
- Full documentation available - ready to build !
- Generous floor plans and ease of construction.
Situated in a thriving Reservoir neighbourhood with Residential Growth Zoning (RGZ5), this enormous site (approx 1334sqm) comes with an approved planning permit to construct 12 spectacular new 2/3-level townhouses. Along with architectural plans, engineering drawings and a range of other reports already completed, the dwellings include a selection of floorplans to suit any number of buyer requirements ranging in total size from 160sqm up to 223sqm. Mutual features of each townhouse include 3 generous bedrooms (all with robes) and 2 bathrooms, along with an open-plan living/dining area and adjoining kitchen leading out to a full-width terrace, plus the added advantage of a tandem double garage with internal entry. In addition to this, 8 of the homes feature a guest powder room (third WC), while 4 of these also have a home office and lounge/retreat (second living area) incorporated into the design. Conveniently positioned walking distance to a choice of bus routes (Chaleyer Street and Albert Street), it's also close to Darebin Creek trails and acres of parkland, local schools and kinder/childcare facilities, as well as easy access to Plenty Road trams and both Summerhill and Northland shopping centres. An exceptional ready-to-go development opportunity with a location to match!
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 28,942 properties. Over the last 5 years, Houses in Reservoir have seen a 19.48% increase in median value, while Units have seen a 14.48% increase. As at 31 January 2026:
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