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.
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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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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