49 Nisbett St, Reservoir is a 3 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1970. While the property is not currently for sale or for rent, it was last sold in August 2025. There are other 3 bedroom Unit sold in Reservoir in the last 12 months.
With its impressive location, quality features and garden surrounds that include a choice of alfresco spaces, this stylishly updated home presents an amazing low-maintenance lifestyle opportunity. An easy stroll to the tram on Plenty Road, and central to all the entertainment, dining, shopping and transport advantages of Northland and Summerhill Village discover a flawlessly presented interior comprising three generous bedrooms, a spacious lounge and a contemporary kitchen showcasing quality stainless steel appliances. The private front yard features lush lawn, established plants and a decked sitting area, that perfectly complements the paved under cover entertainment area in the rear yard. Indoors or out, you'll love living here!
* Ducted heating and cooling
* Multiple split system units
Due diligence checklist - for home and residential property buyers
http://www.consumer.vic.gov.au/duediligencechecklist
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 28,940 properties. Over the last 5 years, Houses in Reservoir have seen a 19.99% increase in median value, while Units have seen a 15.48% increase. As at 30 November 2025:
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