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58 Clingin Street

Reservoir VIC 3073

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

Overview

PLANS & PERMITS APPROVED - 4 Units - Develop or Invest

Nestled in a quiet pocket of Reservoir, this investment gem is a developer’s dream with plans and permits for four dwellings already in place for this residential growth zone (RGZ3), streamlining the development process and saving you time and effort. The existing home features three generously sized bedrooms, a central bathroom, and a single carport with additional off-street parking. Features include central heating and an expansive rear yard that offers a fantastic space for children to play, surrounded by lush greenery and mature trees. Currently leased at $1,000 per fortnight/ $2167 per calendar month until July 2025, this property provides steady rental income while you plan your next steps. Convenience is at your doorstep, with Summer Hill Shopping Centre, Northland Shopping Centre, North East Primary School, and Reservoir High School all nearby. Commuting is effortless with Tram 86 on Plenty Road and multiple bus routes (382, 566, 567) close by. For outdoor enthusiasts, enjoy the many recreational options in the area, including Darebin Sports Centre, Nisbett Street Park, CH Sullivan Memorial Park, and the Darebin Creek Trail. Whether you're a builder ready to bring the approved plans to life, an investor seeking a property with future potential, or a homebuyer looking to move in or renovate after the current tenancy ends, this versatile property offers endless opportunities. Don’t miss out on this exceptional chance to secure a prime piece of Reservoir real estate. terms: 10% deposit, balance 30/60/90 days

Features

3 bedrooms
1 bathroom
2 carspaces
1 carport space
1 open car space
581 m² lot size
House

Property history for 58 Clingin Street

2023
Rented
Undisclosed
Leased on 24 Apr 2023 by Barry Plant Reservoir
2022
Rented
Undisclosed
Leased on 18 Jul 2022 by Barry Plant Reservoir
2021
Rented
Undisclosed
Leased on 18 Apr 2021 by 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 114 reviews in Reservoir over the last 12 months.

Local market activity for 3 bedroom houses in Reservoir

In the last 12 months, 290 three-bedroom houses similar to 58 Clingin Street, have been sold.

This represents a 17% increase in three-bedroom houses sales when compared to the previous 12 months.

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