45 Burbank Drive, Reservoir, VIC 3073 | Property Value & History | OnTheHouse
 
OFF MARKET

45 Burbank Drive
Reservoir VIC 3073

Bedrooms: 4
Bathrooms: 2
Car spaces: 2
Floor area: 150m2
Land area: 730m2
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Last updated 11 May 2026
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Property Details for 45 Burbank Dr, Reservoir

45 Burbank Dr, Reservoir is a 4 bedroom, 2 bathroom House with 2 parking spaces and was built in 1960. The property has a land size of 730m2 and floor size of 150m2. While the property is not currently for sale or for rent, it was last sold in February 2023.

Building Type
House
Year Built
1960
Floor Size
150m2
Land Size
730m2
Local Government
Darebin
Lot/Plan
88/LP50554

Last Listing description (May 2026)

Positioned in the vibrant heart of Reservoir, this exceptional property presents a rare and ready-made opportunity for developers and savvy investors. Set on a generous 730 sq m (approx.) of prime land, the site comes complete with approved plans and permits for the construction of three contemporary dwellings, saving you time, money, and planning uncertainty.Ranging in size 160m2 - 169m2 (approx.), each townhouse is comprised of 3 bedrooms, 2 bathrooms, spacious living/dining and kitchen areas, large rear yards, storage areas and car accommodation.The existing residence comprises three bedrooms, a formal lounge, central bathroom, neat kitchen with adjoining meals area, providing rental income potential while you prepare to build. Located for lifestyle and convenience, you're just moments from Reservoir West Primary, Preston High School, Reservoir and Regent train stations, local bus routes, shops, and popular parklands.Opportunities like this in a high-demand locale, are increasingly hard to find. Whether you're looking to start your next project or expand your portfolio, this is one not to be missed.Disclaimer:This document has been prepared to assist solely in the marketing of this property. While all care has been taken to ensure the information provided herein is correct, we do not take responsibility for any inaccuracies..

Property History for 45 Burbank Dr, Reservoir, VIC 3073

A timeline of how this property has performed in the market
Last Sold
$830,000
07 Feb 2023
Listed for Rent
$405/w
04 Mar 2019
  • 08 Apr 2026
    Listed for Sale $960,000 - $1020,000
  • 07 Feb 2023
    Sold for $830,000
  • 07 Jun 2022
    Listed for Sale SALE
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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 28,912 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.
There are currently 117 properties listed for sale, and 79 properties listed for rent in Reservoir on OnTheHouse. According to Cotality's data, 1263 properties were sold in the past 12 months in Reservoir.

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Cotality Copyright and Legal Disclaimers about Property Data

© Copyright 2026. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

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.

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