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VIC › Monbulk › Reservoir Rd

15 Reservoir Rd, Monbulk VIC 3793

House

$1,170,000

Last sold

17 Mar 2022

4

Bedrooms

2

Bathrooms

6

Car spaces

2,050 m²

Land

15.6 m²

Building

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

What should you know about this lot before spending serious money?

Why this property?

  • FactLast recorded sale $1,170,000 (17 Mar 2022).(Recorded sale)
  • CalculationLand 2,050 m² against a 16 m² dwelling — the land is most of what is being bought.(Districts calculation)
  • CalculationRecorded House sales in Monbulk (last 5 years) with land size: median $587/m² of land (n=127). Districts calculation from recorded sales — not a valuation.(Districts recorded sales)

What could make it worth more?

  • InterpretationA large lot with a small dwelling means the value case rests on the land and what the zone allows on it, not the house.
  • FactZoned GREEN WEDGE ZONE - SCHEDULE 1 (GWZ1) under the ZN.(Vicmap Planning · 31 Aug 2026)

What could make it worth less?

  • FactSIGNIFICANT LANDSCAPE OVERLAY - SCHEDULE 5 intersects 99.8% of this parcel.(Vicmap Planning · 31 Aug 2026)
  • FactBUSHFIRE MANAGEMENT OVERLAY intersects 99.8% of this parcel.(Vicmap Planning · 31 Aug 2026)

What should you verify next?

  1. 1SIGNIFICANT LANDSCAPE OVERLAY - SCHEDULE 5 affects this parcel — verify the mapped extent against the title / planning certificate before relying on unaffected land.
  2. 2BUSHFIRE MANAGEMENT OVERLAY affects this parcel — verify the mapped extent against the title / planning certificate before relying on unaffected land.
  3. 3No hazard layer has been retrieved — confirm flood, bushfire and heritage exposure from council mapping before an offer.

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

What this lot has actually traded at

Last sold

$1,170,000

17 Mar 2022 · derived via latest_sale

Local land rate: recorded House sales in Monbulk (last 5 years) with land size have a median of $587/m² of land (n=127). Districts calculation from recorded sales — not a valuation.

Monbulk at a glance

3,669

People

$904,750

Median sale

$606/wk

Median rent

3.48%

Suburb gross yield

Median sale from 30 recorded sales (last 12 months) — a Districts calculation.

See the full Monbulk report →

Vs Monbulk

+29.3%

Median sale

Suburb $904,750

-0.79 pp

Gross yield

Suburb 3.48%

Suburb median $904,750 from 30 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Planning

Planning and development

Planning scheme

ZN

Zone

GREEN WEDGE ZONE - SCHEDULE 1

GWZ1

Jurisdiction

Yarra Ranges

Yarra Ranges, VIC

Planning overlays

  • SIGNIFICANT LANDSCAPE OVERLAY - SCHEDULE 5Detected — 99.8% of parcel

Development activity

Data unavailable

Source

  • Provider: Vicmap Planning
  • Dataset: PLAN_ZONE
  • Retrieved: 31 Aug 2026
  • Version: 1
  • Parcel: 1353290

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

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, bushfire and heritage

i

Flood

Not retrieved

Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Bushfire

Detected — official

The official layer maps a bushfire risk zone on this parcel, intersecting about 99.8% of it (Vicmap Planning, retrieved 31 Aug 2026). Verify the extent against the title before relying on unaffected land.

Heritage

Not retrieved

Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Records

Property history

  1. Sold$1,170,00017 Mar 2022
  2. Listedprice unknowncompleted5 Mar 2022
  3. Listedprice unknowncompleted5 Mar 2022

Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.

Capital growth

VIC

Why this lot, not just this suburb

Why could this property outperform?

Confidence: medium

Zoned GREEN WEDGE ZONE - SCHEDULE 1 · GWZ1 (ZN). Official parcel area about 2,026 m². Dual occupancy is not confirmed from the controls loaded for this lot. Two-lot subdivision is unknown without minimum lot size and frontage. This is a screen, not a planning certificate. Zoning and lot facts are a starting point, not proof this lot outperforms the suburb. Funded catalyst catchments are not loaded. A TOD badge is not this product.

What could kill that thesis?

Confidence: low

Flood overlay has not been queried for this lot. Missing layer is unknown, not “no.” Minimum lot size is not loaded, so two-lot subdivision is not confirmed. Official parcel about 2,026 m² — land size can look like optionality. What reduces it: SIGNIFICANT LANDSCAPE OVERLAY - SCHEDULE 5; BUSHFIRE MANAGEMENT OVERLAY. Pay house money or walk — do not pay site money until a planner confirms a pathway through this stack. Victoria has no public statewide property-level DA API. Nearby pipeline is unknown.

Rental

Income, competition, and yield

What will it realistically rent for?

Confidence: low

No advertised rent is recorded. Suburb median rent $606/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.

What competition will it face?

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.

What does the yield actually look like?

Confidence: low

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

What this means for this property

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.”

Read more

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

What is known for this property

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.

3 of 10 questions answered so far

  • Development optionality of this lot

    Knownmedium

    Zoned GREEN WEDGE ZONE - SCHEDULE 1 · GWZ1 (ZN). Official parcel area about 2,026 m². Dual occupancy is not confirmed from the controls loaded for this lot. Two-lot subdivision is unknown without minimum lot size and frontage. This is a screen, not a planning certificate.

  • Nearby development pipeline

    Unknown

    Victoria has no public statewide property-level DA API. Nearby pipeline is unknown.

  • Honest achievable rent

    Knownlow

    This 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

    Unknown

    Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.

  • Why is this cheap?

    Knownlow

    Official parcel about 2,026 m² — land size can look like optionality. What reduces it: SIGNIFICANT LANDSCAPE OVERLAY - SCHEDULE 5; BUSHFIRE MANAGEMENT OVERLAY. Pay house money or walk — do not pay site money until a planner confirms a pathway through this stack.

  • Lot-level flood

    Unknown

    Flood overlay has not been queried for this lot. Missing layer is unknown, not “no.”

  • Catalyst exposure

    Unknown

    Funded catalyst catchments are not loaded. A TOD badge is not this product.

  • This lot's DA history

    Unknown

    No DA adapter returned applications for this parcel.

  • Statutory land value versus ask

    Unknown

    Statutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.

  • Net yield / holding costs

    Unknown

    Net yield / holding costs are not estimated outside NSW without inventing land tax.

Area

Monbulk in one glance

Monbulk at a glance

3,669

People

$904,750

Median sale

$606/wk

Median rent

3.48%

Suburb gross yield

Median sale from 30 recorded sales (last 12 months) — a Districts calculation.

See the full Monbulk report →

Keep researching

  • Why Monbulk? Read the area thesis →
  • What else is on the market in Monbulk →
  • Other records on Reservoir Rd →

Listing material

Listed by Chandler & Co Real Estate

Lush, Level Property with Luxe House and Barn

With a tucked away holiday-feel only moments from Monbulk township, this exceptional property ticks all the boxes for a premier way of life. Boasting Silvan Reservoir near your doorstep and a quiet, private, completely level, dual-drive 2,050sqm (approx.) allotment worthy of the pages of a lifestyle magazine, this is a one-of-a-kind property in an outstanding location.

Comprising a quality residence suited to growing families who appreciate style and a generous barn currently utilised as an expansive garage, rumpus room with bar and wood fire, and upper level storage, there is no shortage of space for those who love to entertain. The residence is framed by wrap-around patios with covered and uncovered zones and an enviable outdoor kitchen that services both living areas, including the lounge with warm wood fire. Dining in every season will be hosted by the gourmet kitchen and meals area that enjoy an expanse of glass that leads outdoors. With concrete and butcherblock benchtops, dual wall ovens, and island seating, this is one of many wonderful spaces where memories will be made.

Equal comfort is also afforded in the bright and spacious bedrooms provided. The main bedroom with bespoke dual sink ensuite and walk-in robe resides with the home office/supplementary bedroom on the main floor, while the upper level bedrooms with attic storage share a modern family bathroom.

Read the full description

Exceptional extras including hydronic heating, solar power, split system units in the bedrooms, and an indoor spa in the barn, ensure this property elevates to an enviable lifestyle level. Prompt inspection is advised.

- Beautiful 2,050sqm (approx.) property with luxury residence and bespoke barn with rumpus room and abundant storage

- Dual living areas with indoor-outdoor connection with covered and uncovered entertaining areas

- Gourmet kitchen with dual wall ovens and stylish island seating

- Spacious main bedroom with unique ensuite and walk-in robe

- Home office/extra bedroom and hydronic heating

- PVC Multi-lock Double glazed windows and doors throughout

Please note: All property details shown are correct at time of publishing. Some properties may have been sold in the preceding 24 hours and we recommend that you confirm open for inspection times with the listing agent direct or the listing office.

Listing description written by Brad Conder, Chandler & Co Real Estate — reproduced as published, not verified by Districts.

Districts

Australian property research from recorded sales, listings, and official layers. Missing data is shown as unavailable, never filled in.

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Research purposes only. Not personal financial advice, a valuation, or a planning certificate. Always speak to a licensed financial adviser before you act.