Property Details for 64 Newlands Rd, Reservoir
Last Listing description (August 2014)
Wow! 693m2 approx in Prime Location
Fantastic opportunity here to purchase this industrial 1 zone parcel of land in a central location. Measuring 693m2 approx (15.2 x 45.74m), it would be ideal for someone wanting to build their own business or to rent out to take advantage of the high rental returns. Terms: 10% on Auction Day Balance in 30/60/90 days. The sale price of this land is plus GST.
Property History for 64 Newlands Rd, Reservoir, VIC 3073
- 05 Mar 2014Listed for Sale $399,000 PLUS GST
- 02 May 1998Listed for Sale Not Disclosed
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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 2.30% increase in median value, while Units have seen a 10.80% increase. As at 30 June 2026:
- The median value for Houses in Reservoir is $957,158 while the median value for Units is $645,988.
- Houses have a median rent of $590 while Units have a median rent of $530.
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