740 Plenty Road, Reservoir, VIC 3073 | Property Value & History | OnTheHouse
OFF MARKET

740 Plenty Road
Reservoir VIC 3073

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 223m2
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Property Details for 740 Plenty Rd, Reservoir

Building Type
Commercial
Land Size
223m2
Local Government
Darebin
Lot/Plan
11/LP10175

Last Listing description (June 2023)

SOLD by Miles Real Estate.
An outstanding re-development opportunity just waiting for the stroke of an architectural pencil. This site has all the essentials for
a state-of-the-art Commercial/Residential building (STCA). The corner site offers a wide frontage, with tram at the door to La Trobe University. Northland Shopping Centre, with Bundoora shopping close by. Currently used as a panel beater with spray-booth.

- Building area of 236 sqm (approx.), plus out-buildings of 28 sqm (approx.)
- Land area of 446 sqm (approx.)
- 12 metre frontage
- Zoned Commercial 1
- Subject to overholding lease

Terms: 10% Deposit, Balance 60/90 Days

For further details or to inspect contact:
Tim Mitchell 0417 339 986
Paul Evans 0408 144 181

Property History for 740 Plenty Rd, Reservoir, VIC 3073

A timeline of how this property has performed in the market
  • 24 May 2023
    Listed for Sale $1,190,000
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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 29,018 properties. Over the last 5 years, Houses in Reservoir have seen a 17.66% increase in median value, while Units have seen a 13.54% increase. As at 28 February 2026:

  • The median value for Houses in Reservoir is $998,614 while the median value for Units is $646,432.
  • Houses have a median rent of $550 while Units have a median rent of $520.
There are currently 100 properties listed for sale, and 67 properties listed for rent in Reservoir on OnTheHouse. According to Cotality's data, 1292 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.