45 Burbank Drive, Reservoir VIC 3073
4 beds
2 baths
2 cars
Spachus Insights
View Reservoir market
Price position
Above suburb median
23.4% above the current suburb median listing price.
Buyer negotiation signal
Competitive conditions
The suburb median sold price is $13,000 above the median listing price.
Selling pace
Slower than typical
26 days typical · Property listed 182 days (600% longer).
Property details
Exceptional Investment with Plans and Permits for 3 Dwellings
Positioned in the vibrant heart of Reservoir this exceptional property presents a rare and ready-made opportunity for developers and savvy investors. Set on a generous 730 sq m approx. of prime land the site comes complete with approved plans and permits for the construction of three contemporary dwellings saving you time money and planning uncertainty.
4Bedrooms
2Bathrooms
2Car spaces
HouseProperty type
730 m²Land
Reservoir market
Full suburb reportMedian listing$770,000
Median sold$783,000
Typical selling time26 days
Tracked sold properties441
Spachus Property Estimate
$1,110,000
Automated estimate based on available property and market data.
Not a formal valuation.
Asking vs estimate
-$160,000
14.4% below the Spachus estimate
Property Overview
45 Burbank Drive, Reservoir VIC 3073 is a house. It has 4 bedrooms, 2 bathrooms and 2 car spaces. It is currently listed at $950,000. It has been on the market for 182 days. In Reservoir, the median listing price is $770,000 and the median sold price is $783,000. Its current asking price is $180,000 (23.4%) above the Reservoir median listing price. Properties in Reservoir typically sell in around 26 days based on Spachus tracked sales data. It has currently been on the market 156 days longer than the Reservoir typical selling time.
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