RateMyAgentGo to search
Back 84 Royal Parade
Off Market

84 Royal Parade

Reservoir VIC 3073

2
1
2
650 m²
House
Ian DempseyIan Dempsey, last sold this property on 27 March 2026 after 24 days on market.

Overview

High-Impact Opportunity on a Substantial Block

Set on an impressive allotment of approximately 650m² in one of Reservoir's most well-connected and steadily growing pockets, 84 Royal Parade presents an exceptional opportunity for those looking to secure land with genuine future upside. Whether you are a builder, developer or savvy investor, the scope to redevelop or construct multiple dwellings (STCA) makes this a compelling prospect in a location where demand for quality new homes continues to rise. The existing residence offers the flexibility of holding income or comfortable occupancy while future plans are explored, however the true value lies in the generous land size and the possibilities it presents. With substantial proportions and excellent potential for a multi-unit or townhouse development (STCA), this is a site that allows you to maximise returns in a suburb experiencing consistent growth and buyer demand. Lifestyle appeal further enhances the opportunity. Only moments from the vibrant cafés, shops and everyday conveniences of Broadway & Edwardes Street Village and within easy reach of Reservoir Station for direct CBD access, the location is both practical and highly desirable. Enjoy the open green spaces, walking trails and recreational facilities of Edwardes Lake Park, along with nearby schools, bus services and major arterial roads that provide seamless connectivity to surrounding suburbs. Opportunities to secure approximately 650m² of prime Reservoir land with this level of development flexibility are becoming increasingly rare. Explore the potential to renovate, rebuild or create a thoughtfully designed multi-dwelling project (STCA) and capitalise on a location that continues to go from strength to strength.

Features

2 bedrooms
1 bathroom
2 carspaces
2 open car spaces
650 m² lot size
House

Estimated Value

Based on this property and similar 2 bedroom houses sold in Reservoir over the last 12 months, the estimated median property value of 84 Royal Parade is $797.5k.

Median value
$797.5k
Estimated value range
$470k - $1.85m
Median days on market
25
Estimated value trend
9%
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 84 Royal Parade

2026
Sold
Undisclosed
27 Mar 2026 by Ian Dempsey, of Ray White Preston

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 2 bedroom houses in Reservoir

In the last 12 months, 66 two-bedroom houses similar to 84 Royal Parade, have been sold.

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Reservoir

placeholder
Ian Dempsey

Ian Dempsey is an award winning recommended agent for Reservoir.  They have 72 local sales and collected 31 local reviews across the last 12 months.

  •   4.9   (492 reviews)
  •  31 Reviews in Reservoir
  •  72 Sales in Reservoir
View profile
placeholder
George Gimelli

George Gimelli is a recommended agent for Reservoir.  They have 28 local sales and collected 9 local reviews across the last 12 months.

  •   5   (47 reviews)
  •  9 Reviews in Reservoir
  •  28 Sales in Reservoir
View profile
placeholder
Alastair Surtees

Alastair Surtees is a recommended agent for Reservoir.  They have 63 local sales and collected 7 local reviews across the last 12 months.

  •   5   (83 reviews)
  •  7 Reviews in Reservoir
  •  63 Sales in Reservoir
View profile
placeholder
George Ioannou

Sellers who recommend George Ioannou have praised them for being clear communication, local expert, supportive, honest, dedicated, responsive and friendly

  •   4.9   (187 reviews)
  •  7 Reviews in Reservoir
  •  13 Sales in Reservoir
View profile
or
Skip the list and find your ideal agent to sell your propertyFind My Agent
RateMyAgent
Quick Links
© 2026 RateMyAgent
Privacy PolicyTerms & ConditionsSitemap