58 Nisbett StreetReservoir VIC 3073
Property Details for 58 Nisbett St, Reservoir
Last Listing description (May 2026)
Unlock the potential of this rare 1,160sqm (approx.) allotment, spread across two titles, in a highly sought-after Reservoir pocket. Whether youre an experienced developer, savvy investor, or looking to create your dream project, this is a blank canvas brimming with possibilities.Perfectly positioned close to Edwardes Street shops, schools, transport, parks, and Reservoir Train Station, the site offers exceptional convenience while holding immense long-term value.Opportunities of this scale and location are few and far between, dont miss your chance to secure one of Reservoirs most exciting landholdings.Key highlights:Expansive 1,160sqm (approx.) of prime landTwo separate titles sold togetherZoned for diverse development opportunities (STCA)Surrounded by quality amenities and strong growth potentialThis is the moment to bring your vision to life in Reservoir.
Property History for 58 Nisbett St, Reservoir, VIC 3073
- 23 Oct 2025Listed for Sale Contact Agent
- 23 Oct 2025Sold for $1,250,000
- 24 May 2022Sold for $955,000
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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 29,149 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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