53 Lane CrescentReservoir VIC 3073
Property Details for 53 Lane Cres, Reservoir
53 Lane Cres, Reservoir is a 2 bedroom, 1 bathroom House with 1 parking spaces. The property has a land size of 755m2. While the property is not currently for sale or for rent, it was last sold in April 2013.
Last Listing description (April 2013)
UNDER INSTRUCTIONS FROM STATE TRUSTEES
WHEN YOU CONSIDER WE ARE OFFERING AROUND 750 SQUARE METRES OF PRIME REAL ESTATE WITHIN CLOSE PROXIMITY TO CENTRAL RESERVOIR, THE PLENTY ROAD TRAM LINE, LATROBE UNIVERSITY AND EVERYTHING YOU WOULD EVER NEED, THE DECISION TO PURCHASE THIS MASSIVE PARCEL OF LAND SHOULD BE VERY EASY. WHAT WILL BE MORE DIFFICULT TO DECIDE IS HOW BEST TO CAPITALIZE ON THIS RARE AND OUTSTANDING OPPORTUNITY. THE HOME IS DATED AND COULD USE A FACE LIFT HOWEVER THE POTENTIAL IS TERRIFIC. MAYBE TAKE ADVANTAGE OF THE STRONG RENTAL MARKET? START AFRESH AND BUILD YOUR DREAM HOME? MAKE THE MOST OF THE LAND SIZE AND REDEVELOP? (ALL SUBJECT TO COUNCIL APPROVAL OF COURSE) ONE THINGS FOR SURE, YOULL ONLY HAVE THE CHOICES IF THE PROPERTY IS YOURS.
Property History for 53 Lane Cres, Reservoir, VIC 3073
- 27 Apr 2013Sold for $490,000
- 01 Apr 2013Listed for Sale Not Disclosed
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 29,147 properties. Over the last 5 years, Houses in Reservoir have seen a -0.25% decrease in median value, while Units have seen a 10.34% increase. As at 31 July 2026:
- The median value for Houses in Reservoir is $949,204 while the median value for Units is $650,197.
- Houses have a median rent of $600 while Units have a median rent of $538.
Suburb Insights for Reservoir 3073
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