Back 8 Banbury Road
Off Market

8 Banbury Road

Reservoir VIC 3073

2
1
446 m²
Other
Last sold for $755,000
Ilia MenkinoskiIlia Menkinoski, last sold this property on 05 July 2025 after 29 days on market.

Overview

Here's an exciting and affordable opportunity for first home buyers on a budget, keen renovators or builders looking for their next project in a prime lifestyle location. This property in need of significant renovation, offers a blank canvas for those with a vision. Whether you're prepared to roll up your sleeves and embark on a major renovation project or explore the potential for a knockdown-rebuild development (STCA), this property promises substantial rewards for your hard work. Positioned just moments from the iconic Edwardes Lake Park, enjoy all the lifestyle benefits of inner city living in this very desirable parkside location, 1.5kms of waterfront, picturesque walking tracks and recreational facilities, easy walk to the vibrant Reservoir Village with trendy cafes and thriving brunching scene, supermarkets, retail shops, Reservoir Train Station, Gilbert Rd tram, bus services and local schools. Act quickly or miss out! PHOTO ID REQUIRED Due diligence checklist - consumer.vic.gov.au/duediligenceche

Features

2 bedrooms
1 bathroom
446 m² lot size
Other

Estimated Value

Based on this property and similar 2 bedroom other properties sold in Reservoir over the last 12 months, the estimated median property value of 8 Banbury Road is $645k.

Median value
$645k
Estimated value range
$512k - $1.28m
Median days on market
29
Estimated value trend
25%
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 8 Banbury Road

2025
Rented
Undisclosed
Leased on 08 Dec 2025 by Harcourts Rata & Co - Thomastown/Lalor
2025
Sold
$755,000
Auction Sale on 05 Jul 2025 by Ilia Menkinoski, of Harcourts Rata & Co - Thomastown/Lalor

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 2 bedroom other properties in Reservoir

In the last 12 months, 16 two-bedroom other properties similar to 8 Banbury Road, have been sold.

This represents a 300% decrease in two-bedroom other properties sales when compared to the previous 12 months.

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