Back 47 Lane Crescent
Off Market

47 Lane Crescent

Reservoir VIC 3073

3
1
5
636 m²
House
Last sold for $840,000
Ian DempseyIan Dempsey, last sold this property on 16 March 2026 after 20 days on market.

Overview

Endless Opportunity on 636sqm in a Connected Reservoir Pocket

Perfectly positioned in a well-connected and highly sought-after pocket of Reservoir, 47 Lane Crescent presents an outstanding opportunity for home buyers, investors and developers alike. Located within a short distance to Broadway's vibrant cafés and shops, Reservoir Station and the 86 tram, this address offers everyday convenience with exceptional long-term potential. Set on a substantial 636sqm (approx.) allotment, the home itself is move-in ready and filled with warmth and character. Inside, you will find three spacious bedrooms serviced by a central bathroom, along with a stunning living area enhanced by beautiful features that create a welcoming focal point. Hardwood floors flow throughout, adding timeless appeal, while split system heating and cooling ensure year-round comfort. A full-size laundry further enhances functionality for families and tenants alike. Outdoors, the property continues to impress with a double garage and additional off-street parking, providing ample space for multiple vehicles, trades, trailers or recreational equipment. The generous backyard further enhances the appeal, offering plenty of room for entertaining, future extensions or redevelopment. For home buyers, this is a property that offers immediate comfort with the flexibility to update, extend or personalise over time. For investors and developers, the expansive landholding presents exciting scope for future development or multi-dwelling potential (STCA). Whether you are looking to land bank, build new or capitalise on a high-growth location, this is an opportunity not to be overlooked. In a location that continues to thrive thanks to its transport links, lifestyle amenities and strong community appeal, 47 Lane Crescent is a smart move today with rewarding potential for tomorrow.

Features

3 bedrooms
1 bathroom
5 carspaces
3 open car spaces
2 garage spaces
636 m² lot size
House

Estimated Value

Based on this property and similar 3 bedroom houses sold in Reservoir over the last 12 months, the estimated median property value of 47 Lane Crescent is $920k.

Median value
$920k
Estimated value range
$624k - $1.7m
Median days on market
25
Estimated value trend
5%
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 47 Lane Crescent

2026
Sold
$840,000
16 Mar 2026 by Ian Dempsey, of Ray White Preston
2024
Sold
$710,000
17 Jun 2024 by Adrian Antonello, of Barry Plant Reservoir

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 116 reviews in Reservoir over the last 12 months.

Local market activity for 3 bedroom houses in Reservoir

In the last 12 months, 291 three-bedroom houses similar to 47 Lane Crescent, have been sold.

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

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