745 Gilbert RoadReservoir VIC 3073
Property Details for 745 Gilbert Rd, Reservoir
745 Gilbert Rd, Reservoir is a 3 bedroom, 1 bathroom House with 5 parking spaces. The property has a land size of 664m2. While the property is not currently for sale or for rent, it was last sold in April 2026. There are other 3 bedroom House sold in Reservoir in the last 12 months.
Last Listing description (April 2026)
Positioned in a highly sought-after pocket of Reservoir, this flexible property set on approximately 664m² presents a rare opportunity for homeowners, commercial buyers and developers to secure a site with genuine versatility and long-term upside.
Previously utilised as an allied health clinic, the property offers a functional and adaptable layout comprising multiple rooms, a central hallway and essential amenities, making it well suited for continued medical, allied health or professional use (STCA). The existing configuration provides a practical foundation for those looking to establish or expand a business in a well-connected location.
Alternatively, the property can be comfortably utilised as a residential home, offering three well-sized bedrooms, a central bathroom, a light-filled living area and a utility room that can be used as home off or study. With solid bones and a straightforward layout, it presents an excellent opportunity to renovate, update or lease out while considering future plans.
For developers, the generous landholding and accessible block layout open the door to future redevelopment, whether that be a multi-dwelling project or a complete transformation of the site (STCA). The combination of land size, positioning and existing improvements creates a compelling opportunity to maximise value over time.
Situated along Gilbert Road with public transport at your doorstep and close proximity to local shops, cafes, schools and parklands, the location further enhances the appeal across all buyer types.
This is a unique opportunity to secure a property that can be utilised in the short term while offering flexibility and strong potential for the future.
Property History for 745 Gilbert Rd, Reservoir, VIC 3073
- 11 Apr 2026Sold for $975,000
- 17 Mar 2026Listed for Sale Auction: $950,000 - $1,040,000
- 22 Jun 2020Listed for Rent - Price not available
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 28,997 properties. Over the last 5 years, Houses in Reservoir have seen a 6.60% increase in median value, while Units have seen a 14.29% increase. As at 30 April 2026:
- The median value for Houses in Reservoir is $968,594 while the median value for Units is $651,866.
- Houses have a median rent of $570 while Units have a median rent of $525.
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