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28 Erskine Avenue, Reservoir$955,000
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For Salehouse

28 Erskine Avenue

Reservoir, VIC 3073, Australia
$930,000 – $980,000
4 bed 1 bath 3 car

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About this property

An exciting opportunity awaits at 28 Erskine Avenue, offering excellent future development potential in a well-established and convenient location. Set on a generous allotment, the property previously received approval in 2019 for the construction of two additional dwellings at the rear, while retaining the existing residence. Although the previous approval has now lapsed, the previously approved plans provide valuable insight into the site's potential and may assist future purchasers in exploring similar development possibilities, subject to council approval. The existing home offers immediate rental, holding or renovation potential, making this an ideal opportunity for developers, builders, investors or landbankers seeking a property with strong value-add upside. Key Features: - Previously approved plans for two rear dwellings - Existing residence with rental or holding income potential - Excellent development, investment or landbank opportunity - Generous allotment with strong future potential - Ideal for developers, builders and investors - Convenient location close to local amenities, schools, shops and transport With its previous development approval history and versatile future potential, 28 Erskine Avenue is a rare opportunity for buyers looking to secure a property with genuine upside. The previous planning approval has lapsed. All development potential, plans, permits and future use are subject to council approval and should be independently verified by the purchaser.

Property Details

Property Type
house
Listing Type
For Sale
Bedrooms
4
Bathrooms
1
Parking
3
Listed
3 weeks ago

Repayment calculator

$4,630/month
$2,315 /fortnight
Loan $764,000 at 6.10% over 30 years

Upfront costs

Deposit$191,000
Stamp duty$52,370
Conveyancing (est.)$2,000
Total upfront$245,370
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 4-bedroom house in Reservoir, VIC 3073 sits within reach of public transport, local shops and nearby schools. It is listed 27% above the $750,000 median of 63 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

  • Hickford Street/Cheddar Road (bus)2.2 km away
  • milk bar2.6 km away
  • Cheddar Road East Linear Reserve1.8 km away
  • Cheddar Road East Linear Reserve1.9 km away
  • Cheddar Road East Linear Reserve2.0 km 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 4 bed

Compound growth +2.2% / yr over 4 yrs

$1.11mcurrent 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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