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751 Plenty Road, Reservoir$815,000
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751 Plenty Road

Reservoir, VIC 3073, Australia
$780,000 – $850,000
3 bed 2 bath 1 car724 m²

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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

Repayment calculator

$3,951/month
$1,976 /fortnight
Loan $652,000 at 6.10% over 30 years

Upfront costs

Deposit$163,000
Stamp duty$43,970
Conveyancing (est.)$2,000
Total upfront$208,970
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% 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 Design2.9 km away
  • Cheddar Road East Linear Reserve2.0 km away
  • Cheddar Road East Linear Reserve2.2 km away
  • Cheddar Road East Linear Reserve2.4 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

$870kcurrent median

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Price history

Price history

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1 price change recorded for this property

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