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45 Burbank Drive

Reservoir, VIC 3073, Australia
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4 bed 2 bath 2 car730m²

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About this property

Positioned in the vibrant heart of Reservoir, this exceptional property presents a rare and ready-made opportunity for developers and savvy investors. Set on a generous 730 sq m (approx.) of prime land, the site comes complete with approved plans and permits for the construction of three contemporary dwellings, saving you time, money, and planning uncertainty. Ranging in size 160m2 - 169m2 (approx.), each townhouse is comprised of 3 bedrooms, 2 bathrooms, spacious living/dining and kitchen areas, large rear yards, storage areas and car accommodation. The existing residence comprises three bedrooms, a formal lounge, central bathroom, neat kitchen with adjoining meals area, providing rental income potential while you prepare to build. Located for lifestyle and convenience, you're just moments from Reservoir West Primary, Preston High School, Reservoir and Regent train stations, local bus routes, shops, and popular parklands. Opportunities like this in a high-demand locale, are increasingly hard to find. Whether you're looking to start your next project or expand your portfolio, this is one not to be missed. Disclaimer: 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, we do not take responsibility for any inaccuracies. .

Property Features

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    Repayment calculator

    $3,747/month
    $1,874 /fortnight
    Loan $618,400 at 6.10% over 30 years

    Price estimated from comparable nearby — edit below to use your own number

    Upfront costs

    Deposit$154,600
    Stamp duty$41,450
    Conveyancing (est.)$2,000
    Total upfront$198,050
    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.

    Property Details

    Property Type
    house
    Listing Type
    For Sale
    Bedrooms
    4
    Bathrooms
    2
    Parking
    2
    Land Area
    730m²
    Listed
    1 week ago

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