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