85 Summerhill RoadReservoir VIC 3073
Property Details for 85 Summerhill Rd, Reservoir
85 Summerhill Rd, Reservoir is a 0 bedroom, 0 bathroom House with 2 parking spaces and was built in 1956. The property has a land size of 560m2 and floor size of 93m2. While the property is not currently for sale or for rent, it was last sold in November 2021.
Last Listing description (May 2022)
**Government directions require all open home and onsite auction attendees to be fully vaccinated. If you are fully vaccinated you are welcome to attend one of the advertised open for inspection times, where proof of vaccination is required prior to entry. If you are not fully vaccinated and would like to view this home please contact our team to organise a private inspection. We can also assist you with bidding for this property. We thank you for assisting us as we implement directions from the Victorian government. **
Packaging a convenient Reservoir location central to popular lifestyle assets with a generous 552sqm (approx.) block with a planning permit for four three-storey townhouses, this outstanding development site offers a fantastic opportunity for developers to secure a red-hot piece of real estate in a coveted Residential Growth Zone 2 (RGZ2) that ticks all the boxes.
Sitting at the top of Summerhill, the two townhouses at the rear have a unique feature where the balconies off the living rooms and the top floor bedrooms will be overlooking to the city view. The other two townhouses at the front have North facing balconies, living rooms and bedrooms. Concept drawings include three bedrooms in each townhouse, along with spacious open-plan living areas, a mix of two or three bathrooms, off-street parking for two cars and sleek design elements. It is a development site with a tremendous amount of potential.
Once built (STCA), these ultra-modern townhouses will stand within short walking distance of bus services, Plenty Road trams (No. 86 tram), Summerhill Shopping Centre and the Darebin Creek Trail and moments to Northland Shopping Centre, La Trobe University, schools and numerous parks and sporting facilities.
An existing two-bedroom home with classic charm currently occupies the prized block, and thanks to its neat and tidy presentation, spacious lounge, functional kitchen supplemented by an adjoining family room, carport and generous backyard, you could lease out the property while awaiting relevant approvals from council.
Property History for 85 Summerhill Rd, Reservoir, VIC 3073
- 15 Nov 2021Sold for $960,000
- 31 Oct 2021Listed for Rent - Price not available
- 14 Sep 2021Listed for Sale UNDER OFFER
Recent sales nearby
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0About 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 28,943 properties. Over the last 5 years, Houses in Reservoir have seen a 19.48% increase in median value, while Units have seen a 14.48% increase. As at 31 January 2026:
- The median value for Houses in Reservoir is $996,610 while the median value for Units is $637,650.
- Houses have a median rent of $550 while Units have a median rent of $520.
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