87 Cheddar RoadReservoir VIC 3073
Property Details for 87 Cheddar Rd, Reservoir
87 Cheddar Rd, Reservoir is a 3 bedroom, 1 bathroom House with 2 parking spaces. The property has a land size of 568m2. While the property is not currently for sale or for rent, it was last sold in December 2025. There are other 3 bedroom House sold in Reservoir in the last 12 months.
Last Listing description (December 2025)
Positioned on a generous corner block of approx 568m2, this property presents an exceptional opportunity for renovators, first home buyers and savvy investors alike. Offering unit development potential (S.T.C.A), the site provides flexibility for those looking to add value through renovation or redevelopment.
The existing home requires some cosmetic updates, making it ideal for buyers eager to transform a solid foundation into a modern family residence or a profitable investment. With its great value and prime location, this property is a rare find in today's market.
Key Features
- Renovation required – perfect for adding your own touch
- Unit development potential (S.T.C.A)
- Excellent option for first home buyers or investors
- Fantastic value in a sought-after Reservoir pocket
Location Highlights
- Bus Stop (Route 556): approx. 80m
- Reservoir Train Station: approx. 900m
- Broadway Shopping Precinct: approx. 750m
- Reservoir Primary School: approx. 500m
- Edwardes Lake Park: approx. 850m
- Cheddar Road Community Centre: approx. 300m
Enjoy the convenience of being close to local schools, shops, parks, and public transport-all while securing a property with outstanding future potential.
Don't miss this opportunity to secure a property with strong growth prospects and renovation upside in one of Reservoir's most accessible locations.
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Material Facts - please refer to the contract of sale and vendor statement for material facts.
Land size sourced from land.vic.gov.au. This document has been prepared to assist solely in the marketing of this property.
While all care has been taken to ensure the information provided herein is correct, Harcourts Rata & Co takes no responsibility for any inaccuracies.
Accordingly all interested parties should make their own enquiries to verify the information, including and not limited to land size.
Property History for 87 Cheddar Rd, Reservoir, VIC 3073
- 13 Dec 2025Sold for $811,000
- 19 Nov 2025Listed for Sale Not Disclosed
- 28 Nov 2016Listed for Rent $265 / week
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 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.
Suburb Insights for Reservoir 3073
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