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Back 1-4/23 Elsey Road
Off Market

1-4/23 Elsey Road

Reservoir VIC 3073

2
1
1
Block of units
Last sold for $1,400,000
Tom PriceTom Price, last sold this property on 02 October 2026 after -4 days on market.

Overview

Exceptional investment opportunity

Discover a rare opportunity to secure a solid four-unit block on one title in a well-connected pocket of Reservoir. Ideal for developers, land bankers, and investors, this high-yield investment offers immediate rental income of approximately $56,000 per annum, along with exceptional long-term growth potential. Each spacious unit features two generous bedrooms, open-plan living, a functional kitchen, and its own allocated car space. Set on a sizeable allotment with wide frontage, the property also presents exciting future redevelopment possibilities (STCA). Positioned for convenience, the address is moments from Ruthven Station, Reservoir Station, Broadway shops, local schools, parks, major road access, and essential amenities-ensuring strong and consistent tenant demand. Properties of this scale are tightly held in this high-growth location, making 23 Elsey Road an outstanding opportunity not to be missed.

Features

2 bedrooms
1 bathroom
1 carspace
Block of units

Estimated Value

We need at least 3 similar 2 bedroom block of units sold in Reservoir over the last 12 months.

Property history for 1-4/23 Elsey Road

2026
Sold
$1,400,000
Private Sale/Treaty on 02 Oct 2026 by Tom Price, of Barry Plant Bundoora

Happy sellers in Reservoir

90%
90% of sellers in Reservoir reported that their sale price either exceeded or met their price expectations.

Reservoir stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 85 reviews in Reservoir over the last 12 months.

Local market activity for 2 bedroom block of units in Reservoir

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Reservoir

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Ian Dempsey

Ian Dempsey is an award winning recommended agent for Reservoir.  They have 73 local sales and collected 24 local reviews across the last 12 months.

  •   4.9   (507 reviews)
  •  24 Reviews in Reservoir
  •  73 Sales in Reservoir
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George Gimelli

George Gimelli is a recommended agent for Reservoir.  They have 21 local sales and collected 9 local reviews across the last 12 months.

  •   5   (57 reviews)
  •  9 Reviews in Reservoir
  •  21 Sales in Reservoir
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Nick Mylonas

Nick Mylonas is a recommended agent for Reservoir.  They have 8 local sales and collected 8 local reviews across the last 12 months.

  •   5   (167 reviews)
  •  8 Reviews in Reservoir
  •  8 Sales in Reservoir
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George Ioannou

Sellers who recommend George Ioannou have praised them for being clear communication, local expert, supportive, honest, dedicated, responsive and friendly

  •   4.9   (200 reviews)
  •  6 Reviews in Reservoir
  •  12 Sales in Reservoir
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