28 Erskine Avenue, Reservoir, Vic 3073

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House
Type
4
Bedrooms
1
Bathrooms
3
Parkings

Last updated on Saturday, July 18, 2026 ( See property details for 28 Erskine Avenue, Reservoir, Vic 3073)

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  • AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A versatile property offering immediate income potential and approved development plans for two additional dwellings in a highly sought-after location.

🏡 Property Highlights

  • Approved plans for two additional dwellings at the rear
  • Existing home with rental or holding income potential
  • Exceptional development opportunity with pre-approved plans
  • Flexible options to develop, retain, or landbank
  • Strong future growth and value-add potential
  • Prime location close to amenities, schools, shops, and transport

✨ Key Features

  • Open-Plan Living
  • Built-in Robes
  • Waterfront / Views
  • Outdoor Area
  • Secure Parking
  • Home Office / Study
  • Balcony
  • Garage
  • Air Conditioning
  • Extra Storage (Shed/Linen)

Reservoir is a vibrant suburb renowned for its strong community feel, excellent transport links, and proximity to shopping centres and parks. It offers a mix of established homes and new developments, making it ideal for investors and families alike. The area boasts excellent schools, diverse dining options, and easy access to Melbourne’s CBD. With ongoing growth and infrastructure improvements, Reservoir presents a promising environment for property investment. Its walkable streets and family-friendly amenities make it a highly desirable place to live and develop.

What is the current condition of the existing home?
The existing home is well-maintained and offers immediate rental or holding income potential, with flexible options for future development.
Are the approved plans for the additional dwellings available for review?
Yes, all development plans, permits, and approvals are available; however, purchasers should verify all details independently prior to purchase.
What are the zoning and planning restrictions for this property?
The property has approved plans for two additional dwellings, but buyers should confirm zoning and planning regulations with local authorities.
Is there any ongoing or upcoming construction in the area?
Potential buyers should consult local council or planning departments for information on any future developments or planning activity in the vicinity.
Are there any known issues or defects with the property?
The property has no known defects; however, a thorough inspection is recommended prior to purchase.
Are there any additional costs or fees associated with the approved development plans? Have all necessary permits and approvals been obtained, and are they compliant with current regulations? Are there any easements, covenants, or zoning restrictions that could impact future development? Is the property located in a flood or bushfire-prone area? Are there any nearby construction projects or planning applications that could affect the property’s value or livability? What are the strata or body corporate arrangements, if applicable? Are there any known issues with the land, such as soil stability or drainage problems? What are the ongoing maintenance costs for the existing home? Is there any history of disputes or legal issues related to the property? Are there any restrictions on the use or subdivision of the land beyond the approved plans?

28 Erskine Avenue, Reservoir, Vic 3073 - More Details

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An exciting opportunity awaits at 28 Erskine Avenue, offering excellent future development potential in a well-established and convenient location.

Set on a generous allotment, the property previously received approval in 2019 for the construction of two additional dwellings at the rear, while retaining the existing residence. Although the previous approval has now lapsed, the previously approved plans provide valuable insight into the site’s potential and may assist future purchasers in exploring similar development possibilities, subject to council approval.

The existing home offers immediate rental, holding or renovation potential, making this an ideal opportunity for developers, builders, investors or landbankers seeking a property with strong value-add upside.

Key Features:

- Previously approved plans for two rear dwellings
- Existing residence with rental or holding income potential
- Excellent development, investment or landbank opportunity
- Generous allotment with strong future potential
- Ideal for developers, builders and investors
- Convenient location close to local amenities, schools, shops and transport

With its previous development approval history and versatile future potential, 28 Erskine Avenue is a rare opportunity for buyers looking to secure a property with genuine upside.

The previous planning approval has lapsed. All development potential, plans, permits and future use are subject to council approval and should be independently verified by the purchaser.
Type
House
Bedrooms
4
Bathrooms
1
Parkings
3
Study
1

Price guide

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