45 Burbank DriveReservoir VIC 3073
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.
Last Listing description (June 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.
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Property History for 45 Burbank Dr, Reservoir, VIC 3073
- 08 Apr 2026Listed for Sale Not Disclosed
- 07 Feb 2023Sold for $830,000
- 07 Jun 2022Listed for Sale SALE
Recent sales nearby
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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 29,004 properties. Over the last 5 years, Houses in Reservoir have seen a 4.72% increase in median value, while Units have seen a 12.44% increase. As at 31 May 2026:
- The median value for Houses in Reservoir is $969,613 while the median value for Units is $643,747.
- Houses have a median rent of $580 while Units have a median rent of $530.
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