84 Royal ParadeReservoir VIC 3073
Property Details for 84 Royal Pde, Reservoir
84 Royal Pde, Reservoir is a 2 bedroom, 1 bathroom House with 2 parking spaces. The property has a land size of 650m2. While the property is not currently for sale or for rent, it was last sold in March 2026. There are other 2 bedroom House sold in Reservoir in the last 12 months.
Last Listing description (March 2026)
Set on an impressive allotment of approximately 650m² in one of Reservoir's most well-connected and steadily growing pockets, 84 Royal Parade presents an exceptional opportunity for those looking to secure land with genuine future upside. Whether you are a builder, developer or savvy investor, the scope to redevelop or construct multiple dwellings (STCA) makes this a compelling prospect in a location where demand for quality new homes continues to rise.
The existing residence offers the flexibility of holding income or comfortable occupancy while future plans are explored, however the true value lies in the generous land size and the possibilities it presents. With substantial proportions and excellent potential for a multi-unit or townhouse development (STCA), this is a site that allows you to maximise returns in a suburb experiencing consistent growth and buyer demand.
Lifestyle appeal further enhances the opportunity. Only moments from the vibrant cafés, shops and everyday conveniences of Broadway & Edwardes Street Village and within easy reach of Reservoir Station for direct CBD access, the location is both practical and highly desirable. Enjoy the open green spaces, walking trails and recreational facilities of Edwardes Lake Park, along with nearby schools, bus services and major arterial roads that provide seamless connectivity to surrounding suburbs.
Opportunities to secure approximately 650m² of prime Reservoir land with this level of development flexibility are becoming increasingly rare. Explore the potential to renovate, rebuild or create a thoughtfully designed multi-dwelling project (STCA) and capitalise on a location that continues to go from strength to strength.
Property History for 84 Royal Pde, Reservoir, VIC 3073
- 28 Mar 2026Sold
- 03 Mar 2026Listed for Sale AUCTION $730,000 - $800,000
- 17 Mar 2021Transferred
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 28,996 properties. Over the last 5 years, Houses in Reservoir have seen a 4.72% increase in median value, while Units have seen a 12.44% increase. As at 31 May 2026:
- The median value for Houses in Reservoir is $969,613 while the median value for Units is $643,747.
- Houses have a median rent of $580 while Units have a median rent of $530.
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