Reservoir at a glance
55,353
People
$965,000
Median sale
$502/wk
Median rent
2.71%
Suburb gross yield
Median sale from 25 recorded sales (last 12 months) — a Districts calculation.
$895,000
Last sold
18 Nov 2023
3
Bedrooms
1
Bathrooms
3
Car spaces
766 m²
Land
Districts View
No upside evidence detected in the data Districts holds for this lot.
No detected risks — but see the checklist: absence of evidence is not an all-clear.
Each line above is labelled. A fact is quoted from the named source, with its date. A calculation is worked out by Districts from those facts — you can check the arithmetic. An interpretation is Districts' opinion of what the evidence means, not a fact, a valuation, or advice. Anything we haven't retrieved yet is marked as missing rather than treated as a pass.
Price evidence
Last sold
$895,000
18 Nov 2023 · derived via latest_sale
Local land rate: recorded House sales in Reservoir (last 5 years) with land size have a median of $1,385/m² of land (n=54). Districts calculation from recorded sales — not a valuation.
Reservoir at a glance
55,353
People
$965,000
Median sale
$502/wk
Median rent
2.71%
Suburb gross yield
Median sale from 25 recorded sales (last 12 months) — a Districts calculation.
Vs Reservoir
-7.3%
Median sale
Suburb $965,000
+0.21 pp
Gross yield
Suburb 2.71%
Suburb median $965,000 from 25 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
Planning
Planning data is being calculated
Data unavailable
Source
Planning facts are copied from official government GIS where available. Where an official property PDF exists (VicPlan, PlanBuild), Districts stores and serves that original document. Neither is a planning certificate, survey, or advice.
Site
Terrain has not been calculated for this property yet.
Slope is calculated on a projected metric grid from a public DEM clip of the official parcel. This is not a survey, engineering, or insurance assessment.
Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Records
Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.
Capital growth
VICPlanning layers have not been retrieved for this property yet. A suburb median or growth rate is not a reason this particular lot would outperform. Funded catalyst catchments are not loaded. A TOD badge is not this product.
Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” Victoria has no public statewide property-level DA API. Nearby pipeline is unknown.
Rental
No advertised rent is recorded. Suburb median rent $502/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.
Current comparable rental listings within 400 m of this lot are not loaded. Victoria has no public statewide property-level DA API. Nearby pipeline is unknown. Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded. Suburb vacancy or leased-tape days are not this property’s competition.
Yield cannot be shown without both a price and a rent figure. Net yield is not estimated from gross advertising copy. Net yield / holding costs are not estimated outside NSW without inventing land tax.
Verdict
Districts view
Not enough official evidence yet to underwrite this as an investment.
Detail
The same ten questions apply to every property. Missing flood, nearby DAs, achieved rents, or lot geometry is unknown — not “no.”
Do not treat a suburb median, an advertised yield, or a listing score as the case for this lot.
The evidence loaded so far isn't enough on its own to change a buy, offer, or walk-away decision for this property.
Evidence
Districts asks the same ten questions of every property. If one shows as unknown, that data isn't published for this state or hasn't been loaded yet — the question stays visible so you can see exactly what's missing.
1 of 10 questions answered so far
Development optionality of this lot
UnknownPlanning layers have not been retrieved for this property yet.
Nearby development pipeline
UnknownVictoria has no public statewide property-level DA API. Nearby pipeline is unknown.
Honest achievable rent
KnownlowThis is not “bond data says this address leases for $X.” The comparable figure is a suburb advertised/median rent, not this property. Official bond files (postcode or suburb × type × bedrooms) are not loaded yet.
Rental supply pressure
UnknownSupply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.
Why is this cheap?
UnknownThe constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.
Lot-level flood
UnknownOfficial flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”
Catalyst exposure
UnknownFunded catalyst catchments are not loaded. A TOD badge is not this product.
This lot's DA history
UnknownDevelopment applications have not been queried for this parcel.
Statutory land value versus ask
UnknownStatutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.
Net yield / holding costs
UnknownNet yield / holding costs are not estimated outside NSW without inventing land tax.
Area
Reservoir at a glance
55,353
People
$965,000
Median sale
$502/wk
Median rent
2.71%
Suburb gross yield
Median sale from 25 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Barry Plant ReservoirSOLD BY ROSS KONTOSSIS 0413 224 811
Introducing a charming and spacious 3-bedroom elevated brick home nestled in the heart of the sought-after Merrilands estate. This retro-style gem combines classic aesthetics with modern comforts, creating an inviting and functional living space for you and your family.
As you step inside, you'll be greeted by the warmth of the retro-style decor, which exudes character and nostalgia. The home boasts a thoughtfully updated timber kitchen, complete with modern gas appliances, making it a chef's delight. Whether you're cooking up a family feast or a quick weekday meal, this kitchen offers both style and functionality.
This home is equipped with heating and cooling systems, ensuring year-round comfort, no matter the season. The living areas are perfect for relaxation or entertaining guests, offering ample space for your family's needs.
Outside, you'll find a side drive with secure lock-up gates, leading to a large garage and shed. These provide excellent storage and workspace options for those with DIY hobbies or a need for extra storage space.
The back pergola area is an idyllic spot for outdoor gatherings and BBQs. The generous land size of approximately 766m2 gives your family plenty of room to play and enjoy the outdoors. What sets this property apart is the abundant fruit trees in the large backyard, offering fresh, homegrown produce for your family to savor.
For families with children, the proximity to primary schools is a significant advantage. Additionally, the convenience of nearby bus services and quick access to the Western Ring Road makes commuting a breeze. Just a short drive away, you'll find Edwardes Street cafes and restaurants, perfect for those leisurely brunches or evening dining experiences. And for nature lovers, Edwardes Lake Park is within reach, offering a serene escape from city life.
The ideal haven for young families, providing a mix of nostalgic charm, modern amenities, outdoor space, and convenient access to essential amenities.
Listing description written by Ross Kontossis, Barry Plant Reservoir — reproduced as published, not verified by Districts.