751 Plenty Road
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About this property
Jake Popalis proudly presents ... Opportunities of meaningful scale with genuine development readiness are often difficult to secure. This substantial holding of approximately 724 sqm presents a considered and strategic prospect for those seeking to create lasting value through well-planned redevelopment. The existing dwelling on site is slated for removal, clearing the way for redevelopment. Importantly, town planning approved plans and permits are already in place for the construction of two contemporary townhouses and nine well-designed apartments, providing a streamlined pathway to deliver a thoughtfully planned multi-residential outcome. Townhouse 1 - Conventional Living - 2 Bed - 2 Bath - 1 Car Townhouse 1 - Reverse Living - 2 Bed - 2 Bath - 1 Car Apartment 1 - 2 Bed - 1 Bath - 1 Car Apartment 2 - 2 Bed - 1 Bath - 1 Car Apartment 3 - 1 Bed - 1 Bath - 1 Car Apartment 4 - 1 Bed - 1 Bath - 1 Car Apartment 5 - 2 Bed - 1 Bath - 1 Car Apartment 6 - 2 Bed - 1 Bath - 1 Car Apartment 7 - 1 Bed - 1 Bath Apartment 8 - 1 Bed - 1 Bath Apartment 9 - 2 Bed - 1 Bath - 1 Car With groundwork complete and approvals secured, this development opportunity significantly reduces holding risk and planning uncertainty. Whether you are expanding your portfolio or undertaking your next boutique project, this offering combines scale, town planning approval certainty, and exceptional future potential in one strategic acquisition. Highlights : Approximately 724sqm landholding Existing dwelling slated for removal Plans and permits secured Two townhomes and nine apartments approved Streamlined pathway to construction Reduced holding and planning risk Ideal for developers and investors Excellent local connections Minutes to Reservoir Train Station All property information has been provided to Ray White by third parties. While Ray White strives for accuracy, we have not verified this information and do not guarantee its accuracy or completeness. Interested parties should conduct their own inquiries regarding this property.
Property Details
- Property Type
- house
- Listing Type
- For Sale
- Bedrooms
- 3
- Bathrooms
- 2
- Parking
- 1
- Land Area
- 724 m²
- Listed
- 3 months ago
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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% below the $980,000 median of 51 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
- Ruthven station rail replacement stop (bus) — 2.5 km away
- Unique Hair Design — 2.9 km away
- Cheddar Road East Linear Reserve — 2.0 km away
- Cheddar Road East Linear Reserve — 2.2 km away
- Cheddar Road East Linear Reserve — 2.4 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 3 bed
Compound growth -0.6% / yr over 4 yrs
Suburb-wide medians from sold listings — a guide to the area, not this specific property.
Full Reservoir marketThis listing
Price history
Price history
Listing price changes
1 price change recorded for this property
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