87 Rathcown Road, Reservoir, VIC 3073 | Property Value & History | OnTheHouse
OFF MARKET

87 Rathcown Road
Reservoir VIC 3073

Bedrooms: 2
Bathrooms: 1
Car spaces: 2
Floor area: 95m2
Land area: 743m2
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Property Details for 87 Rathcown Rd, Reservoir

87 Rathcown Rd, Reservoir is a 2 bedroom, 1 bathroom House with 2 parking spaces and was built in 1960. The property has a land size of 743m2 and floor size of 95m2. While the property is not currently for sale or for rent, it was last sold in November 2024.

Building Type
House
Year Built
1960
Floor Size
95m2
Land Size
743m2
Local Government
Darebin
Lot/Plan
5/LP53243

Last Listing description (November 2024)

SOLD BY Morrison Kleeman - Located in the thriving suburb of Reservoir, this large and versatile flat block of approximately 743 sqm offers endless possibilities. The existing weatherboard home is highly liveable, featuring three generous bedrooms, including a large master, a centralised bathroom, a spacious kitchen ideal for family meals, and a sun-drenched lounge that provides plenty of room for relaxing and entertaining.

A long driveway leads to a lock-up garage and additional garden shed, offering ample storage space and potential for a home workshop. The low-maintenance garden, complete with established fruit trees, creates a peaceful setting to enjoy the summer months.

For builders or developers, the property comes with approved plans and permits for three dwellings. These include two three-bedroom homes and one four-bedroom home. Designed for modern living by award-winning C. Kairouz Architects of Thornbury, each dwelling features double car garages, spacious interiors, and clever design elements that meet and exceed the expectations of todays market.

The home is currently tenanted, providing a steady income stream and flexibility for builders and developers to proceed at their own pace.

This is a rare opportunity to secure a property with potential for both immediate rental returns and long-term development gains.

So whether you plan to buy now and enjoy, build now or build later, this property is not to be missed, schedule an appointment to view today.

Property History for 87 Rathcown Rd, Reservoir, VIC 3073

A timeline of how this property has performed in the market
Last Sold
$845,000
08 Nov 2024
Listed for Rent
$425/w
16 Mar 2021
  • 08 Nov 2024
    Sold for $845,000
  • 09 Oct 2024
    Listed for Sale ESR: $780,000 - $850,000
  • 09 Mar 2021
    Listed for Rent $425 / week
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About 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 28,941 properties. Over the last 5 years, Houses in Reservoir have seen a 19.99% increase in median value, while Units have seen a 15.48% increase. As at 30 November 2025:

  • The median value for Houses in Reservoir is $970,763 while the median value for Units is $639,892.
  • Houses have a median rent of $550 while Units have a median rent of $510.
There are currently 87 properties listed for sale, and 73 properties listed for rent in Reservoir on OnTheHouse. According to Cotality's data, 1270 properties were sold in the past 12 months in Reservoir.

Suburb Insights for Reservoir 3073

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Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.