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18 Banff Street, Reservoir$900,000
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For Salehouse

18 Banff Street

Reservoir, VIC 3073, Australia
$870,000 – $930,000
3 bed 1 bath 2 car1063 m²

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About this property

Set on an impressive 1,063m² (approx.) parcel of land, this triple-fronted brick home presents an outstanding opportunity for developers, renovators, investors, or those looking to build their dream home (STCA). Offered in largely original condition, the home comprises three well-proportioned bedrooms, a central bathroom, separate toilet, and a welcoming entrance hallway leading to a spacious lounge and separate dining area. The functional kitchen incorporates a generous dining area, while an additional family sunroom provides extra room to relax and unwind. Outside, the possibilities continue with a substantial brick garage that easily accommodates two vehicles, along with a workshop, storage sheds, and excellent rear access. The block's wide rear section further enhances its future potential. Comfort is ensured with ducted heating, evaporative cooling, and a classic terracotta tiled roof, while the expansive landholding offers endless scope to renovate, extend, redevelop, or start anew (STCA).Positioned in a sought-after Reservoir location close to schools, shops, transport, and parklands, this is a rare opportunity to secure a substantial landholding with exciting prospects for the future. Land size: 1063m2 Deposit: 10% of the purchase price Settlement preference: 30/60 days Rental assessment: $500-$550 per week

Property Details

Property Type
house
Listing Type
For Sale
Bedrooms
3
Bathrooms
1
Parking
2
Land Area
1063 m²
Listed
1 month ago

Repayment calculator

$4,363/month
$2,182 /fortnight
Loan $720,000 at 6.10% over 30 years

Upfront costs

Deposit$180,000
Stamp duty$49,070
Conveyancing (est.)$2,000
Total upfront$231,070
Verify with VIC revenue office →
Indicative figures only — not a quote. Real loan offers depend on the lender; duty depends on contract terms and applicable concessions.

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Neighbourhood

Living in Reservoir

This 3-bedroom house in Reservoir, VIC 3073 sits within reach of public transport, local shops and nearby schools. It is listed 17% above the $770,000 median of 59 comparable houseswithin 5 km.

Schools near Reservoir

  • Northern School For Autismcombined · U · CoEd
  • Holy Name Schoolprimary · Prep-6 · CoEd
  • Maharishi School of the Age of Enlightenmentprimary · Prep-6 · CoEd
  • Reservoir East Primary Schoolprimary · Prep-6 · CoEd
  • Reservoir Primary Schoolprimary · Prep-6 · CoEd
  • Reservoir Views Primary Schoolprimary · Prep-6 · CoEd

What's nearby

  • Unnamed (bus)578 m away
  • Happy Anna1.4 km away
  • Atkinson Reserve296 m away
  • I.W. Dole Reserve432 m away
  • Frank Allen Arthur Dunstan Reserve581 m away

Reservoir at a glance

Full suburb profile
Population
51,096
Median age
38
Household income
$1,541/wk
Median rent
$360/wk
Median mortgage
$1,986/mo

Source: ABS Census.

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Suburb market

Suburb price trend

Reservoir price trend

Median sold · House 3 bed

Compound growth -0.6% / yr over 4 yrs

$870kcurrent median

Suburb-wide medians from sold listings — a guide to the area, not this specific property.

Full Reservoir market

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Price history

Price history

Listing price changes

1 price change recorded for this property

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