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45 Burbank Dr

Reservoir VIC 3073

4
2
2
730 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 730 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. Ranging in size 160m2 - 169m2 (approx.), each townhouse is comprised of 3 bedrooms, 2 bathrooms, spacious living/dining and kitchen areas, large rear yards, storage areas and car accommodation. The existing residence comprises three bedrooms, a formal lounge, central bathroom, neat kitchen with adjoining meals area, providing rental income potential while you prepare to build. 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. Disclaimer: This document has been prepared to assist solely in the marketing of this property. While all care has been taken to ensure the information provided herein is correct, we do not take responsibility for any inaccuracies. Ranging in size 160m2 - 169m2 (approx.), each townhouse is comprised of 3 bedrooms, 2 bathrooms, spacious living/dining and kitchen areas, large rear yards, storage areas and car accommodation.

Features

4 bedrooms
2 bathrooms
2 carspaces
2 garage spaces
730 m² lot size
House

Property history for 45 Burbank Dr

2023
Sold
$830,000
09 Feb 2023 by Ian Dempsey, of Ray White Preston
2021
Sold
$700,000
Private Sale/Treaty on 29 Mar 2021 by Jim Kalakias, of Love & Co Real Estate Epping
2018
Rented
Undisclosed
Leased on 04 Feb 2018 by Love & Co Real Estate Epping

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 113 reviews in Reservoir over the last 12 months.

Local market activity for 4 bedroom houses in Reservoir

In the last 12 months, 110 four-bedroom houses similar to 45 Burbank Dr, have been sold.

This represents a 28% decrease in four-bedroom houses sales when compared to the previous 12 months.

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