8 Balfour St, Reservoir is a 3 bedroom, 1 bathroom House with 3 parking spaces and was built in 1975. The property has a land size of 855m2 and floor size of 123m2. While the property is not currently for sale or for rent, it was last sold in November 2017.
Prime location only a short walk (700m approx) to Keon Park train station, Bus stop, shops, gym, cafes, schools and easy access to Ring Road.This renovated triple fronted brick veneer home sits on a large allotment of 840 sqm (approx) provides superb lifestyle advantages.
Boasting 3 generous size bedrooms, large formal lounge, a spacious dining/meals area and well appointed kitchen with stone bench top & stone splash back, 4th bedroom/rumpus room, large laundry room and 2 updated bathrooms. Additional features include floorboard, 6x split system, downlights, freshly painted, a wide side driveway to brick garage providing plenty of parking spaces, well maintained front and rear gardens. Opportunities much like this are highly sought but rarely found. Very wide frontage 21m approx! Take advantage of this golden opportunity.
Due diligence checklist - for home and residential property buyers - http://www.consumer.vic.gov.au/duediligencechecklist
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 28,942 properties. Over the last 5 years, Houses in Reservoir have seen a 25.20% increase in median value, while Units have seen a 15.10% increase. As at 31 October 2025:
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