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205 Spring Street

Reservoir VIC 3073

3
1
2
673 m²
House
Currently for sale - view listing

Overview

Exceptional Investment with Plans and Permits for 3 Dwellings

Positioned in the vibrant heart of Reservoir, this exceptional property presents a rare and ready-made opportunity for developers and savvy investors. Set on a generous 674 sq m (approx.) of prime land, the site comes complete with approved plans and permits for the construction of three contemporary dwellings, saving you time, money, and planning uncertainty. The existing residence comprises three oversized bedrooms, a formal lounge, central bathroom, neat kitchen with adjoining meals area, and a dedicated study, providing rental income potential while you prepare to build. Added features include heating and cooling, water tanks, a garage, carport, and ample off-street parking. The expansive backyard and well-proportioned block provide a clear and accessible layout for your development vision to come to life. Located for lifestyle and convenience, you're just moments from Reservoir West Primary, Preston High School, Reservoir and Regent train stations, local bus routes, shops, and popular parklands. Opportunities like this in a high-demand locale, are increasingly hard to find. Whether you're looking to start your next project or expand your portfolio, this is one not to be missed. Terms: 10% deposit, balance 30/60 days

Features

3 bedrooms
1 bathroom
2 carspaces
1 carport space
1 garage space
673 m² lot size
House

Property history for 205 Spring Street

2020
Sold
Undisclosed
22 Nov 2020 by Peter Neofytou, of Barry Plant Reservoir
2015
Sold
Private Sale/Treaty on 10 Apr 2015 by Alex Raimundo, of Nelson Alexander Preston

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 3 bedroom houses in Reservoir

In the last 12 months, 292 three-bedroom houses similar to 205 Spring Street, have been sold.

This represents a 18% increase in three-bedroom houses sales when compared to the previous 12 months.

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