Back 196 Albert St
Off Market

196 Albert St

Reservoir VIC 3073

4
2
2
1220 m²
House
Last sold for $1,800,000
Keb NguyenKeb Nguyen, last sold this property on 21 December 2025 after 670 days on market.

Overview

A fantastic 1220sqm site for 10 Townhouses, or the next commercial development.

Presenting 196-198 Albert Street Reservoir, a rare double block opportunity. • Recently approved permit for a boutique luxury development in a sought-after area • Landholding of approximately 1,220 sqm with 2 street frontages under 2 titles • Reservoir is a suburb with high demand and increasing median house prices (source REIV) • Development includes 10 townhouses, predominantly 3-bedroom dwellings • Each townhouse features multiple living spaces and private outdoor areas • Located near Preston & Heidelberg, suburbs with rising median house prices • Close to retail at Preston Northland and amenities in both Reservoir and Preston • Accessible to Preston, Reservoir trains, trams, and buses, and approximately 15 minutes to the CBD • Nearby schools include Reservoir East Primary School, Thornbury High School, Reservoir High School, and Reservoir Views Primary School. A childcare centre is located next door The properties are currently tenanted and generating rental income. For investors, builders, and developers, the vendors will provide: • Working Drawings • Structural Engineering & Comps • Drainage Design • LPOD & SDO • Soil Test • 6 Star Energy Rating at the time of settlement

Features

4 bedrooms
2 bathrooms
2 carspaces
2 garage spaces
1220 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 196 Albert St is $1.17m.

Median value
$1.17m
Estimated value range
$722k - $2.29m
Median days on market
29
Estimated value trend
2%
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 196 Albert St

2025
Sold
$1,800,000
21 Dec 2025 by Keb Nguyen, of Ray White Reservoir
2021
Sold
$855,000
01 Jul 2021 by Keb Nguyen, of Ray White Reservoir
2014
Sold
Undisclosed
Auction Sale on 12 Mar 2014 by Alex Doucas, of Harcourts Rata & Co - Thomastown/Lalor

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 4 bedroom houses in Reservoir

In the last 12 months, 112 four-bedroom houses similar to 196 Albert St, have been sold.

This represents a 4% decrease in four-bedroom houses sales when compared to the previous 12 months.

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