Back 28 Erskine Avenue
Off Market

28 Erskine Avenue

Reservoir VIC 3073

4
1
3
House
Ming LinMing Lin, last sold this property on 17 July 2026 after 22 days on market.

Overview

Exceptional Value-Add Opportunity

An exciting opportunity awaits at 28 Erskine Avenue, offering excellent future development potential in a well-established and convenient location. Set on a generous allotment, the property previously received approval in 2019 for the construction of two additional dwellings at the rear, while retaining the existing residence. Although the previous approval has now lapsed, the previously approved plans provide valuable insight into the site's potential and may assist future purchasers in exploring similar development possibilities, subject to council approval. The existing home offers immediate rental, holding or renovation potential, making this an ideal opportunity for developers, builders, investors or landbankers seeking a property with strong value-add upside. Key Features: - Previously approved plans for two rear dwellings - Existing residence with rental or holding income potential - Excellent development, investment or landbank opportunity - Generous allotment with strong future potential - Ideal for developers, builders and investors - Convenient location close to local amenities, schools, shops and transport With its previous development approval history and versatile future potential, 28 Erskine Avenue is a rare opportunity for buyers looking to secure a property with genuine upside. The previous planning approval has lapsed. All development potential, plans, permits and future use are subject to council approval and should be independently verified by the purchaser.

Features

4 bedrooms
1 bathroom
3 carspaces
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 28 Erskine Avenue is $1.17m.

Median value
$1.17m
Estimated value range
$722k - $2.29m
Median days on market
27
Estimated value trend
6%
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 28 Erskine Avenue

2026
Sold
Undisclosed
Private Sale/Treaty on 17 Jul 2026 by Ming Lin, of APG ESTATE
2025
Rented
Undisclosed
Leased on 10 Jun 2025 by APG ESTATE
2023
Rented
Undisclosed
Leased on 04 Dec 2023 by APG ESTATE

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 93 reviews in Reservoir over the last 12 months.

Local market activity for 4 bedroom houses in Reservoir

In the last 12 months, 114 four-bedroom houses similar to 28 Erskine Avenue, have been sold.

This represents a 10% decrease in four-bedroom houses sales when compared to the previous 12 months.

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