Back 10 Nisbett Street
Off Market

10 Nisbett Street

Reservoir VIC 3073

4
2
6
1182 m²
House
Last sold for $1,550,000
Ian DempseyIan Dempsey, last sold this property on 16 July 2025 after 405 days on market.

Overview

Rare Dual-Title Development Opportunity!

Set across two side-by-side titles, this impressive parcel of land at 10-12 Nisbett Street spans a remarkable 1,182 square metres (approx.), presenting a rare and highly sought-after opportunity in the heart of Reservoir. In a Residential Growth zone, this site is perfectly positioned for a wide array of future possibilities, from multi-dwelling developments (STCA) to a bespoke new home or long-term investment. The generous land size and wide 30m+ street frontage makes this an exceptionally versatile block, ideal for developers and builders seeking a well-located project site with excellent potential for high-yield returns. The rectangular layout allows for flexible design options and efficient planning outcomes, further enhanced by the zoning which supports increased density and urban renewal. Situated in a well-established pocket of Reservoir, the property enjoys close proximity to Northland and Summerhill Shopping Centres, local buses, cafes, restaurants, eateries, schools, and parks. This great location ensures strong appeal for future residents, with seamless access to transport, lifestyle amenities, and major arterials connecting directly to Melbourne's CBD. Opportunities of this scale and zoning are increasingly hard to come by. Whether you're looking to develop, land bank, or build your dream home, 10-12 Nisbett Street offers a compelling chance to secure a premium piece of real estate in one of Reservoir's most promising growth corridors.

Features

4 bedrooms
2 bathrooms
6 carspaces
6 open car spaces
1182 m² lot size
House

Estimated Value

Based on this property and similar 4 bedroom houses sold in Reservoir over the last 12 months, the estimated median property value of 10 Nisbett Street is $1.18m.

Median value
$1.18m
Estimated value range
$722k - $2.29m
Median days on market
29
Estimated value trend
9%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Reservoir. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 10 Nisbett Street

2025
Sold
$1,550,000
16 Jul 2025 by Ian Dempsey, of Ray White Preston
2021
Sold
Undisclosed
01 Mar 2021 by Kevin Fan, of G&S Real Estate Group

Happy sellers in Reservoir

88%
88% 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 114 reviews in Reservoir over the last 12 months.

Local market activity for 4 bedroom houses in Reservoir

In the last 12 months, 111 four-bedroom houses similar to 10 Nisbett Street, have been sold.

This represents a 31% decrease in four-bedroom houses sales when compared to the previous 12 months.

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