5/40 Elsey Road, Reservoir, VIC 3073 | Property Value & History | OnTheHouse
OFF MARKET

5/40 Elsey Road
Reservoir VIC 3073

Bedrooms: 2
Bathrooms: 1
Car spaces: 2
Floor area: 75m2
Land area: 146m2
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Last updated 9 Feb 2026
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Property Details for 5/40 Elsey Rd, Reservoir

5/40 Elsey Rd, Reservoir is a 2 bedroom, 1 bathroom Unit with 2 parking spaces and was built in 2015. The property has a land size of 146m2 and floor size of 75m2.

Building Type
Unit
Year Built
2015
Floor Size
75m2
Land Size
146m2
Local Government
Darebin
Lot/Plan
5/PS732176

Last Listing description (April 2019)

This modern 2 bedroom unit offers comfort & style throughout. Located just off Cheddar Road, with easy access to bus, train, schools, supermarkets & cafes. The home itself features 2 good size carpeted bedrooms with built in wardrobes and split system heating/cooling in each room, spacious functional kitchen with stainless steel cooking appliances, ample storage, bench space & pantry, separate bathroom with toilet & shower, euro laundry, plus a neat & tidy courtyard with access to remote control lock up garage. Other features include stunning floorboards throughout, along with a split unit for heating and cooling in the main living area, and second off street parking space in front of the unit. Perfect for those looking for low maintenance lifestyle.
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Property History for 5/40 Elsey Rd, Reservoir, VIC 3073

A timeline of how this property has performed in the market
Listed for Rent
$400/w
14 Mar 2019
  • 05 Mar 2019
    Listed for Rent $400 / week
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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 28,942 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:

  • The median value for Houses in Reservoir is $996,610 while the median value for Units is $637,650.
  • Houses have a median rent of $550 while Units have a median rent of $520.
There are currently 107 properties listed for sale, and 68 properties listed for rent in Reservoir on OnTheHouse. According to Cotality's data, 1300 properties were sold in the past 12 months in Reservoir.

Suburb Insights for Reservoir 3073

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Cotality Copyright and Legal Disclaimers about Property Data
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.