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45 Burbank Drive, Reservoir, Vic 3073 For Sale

45 Burbank Drive, Reservoir, Vic 3073

Auction: $850,000 - $935,000

House
Type
4
Bedrooms
2
Bathrooms
2
Parkings

Published on Tuesday, August 11, 2026 ( See property details for 45 Burbank Drive, Reservoir, Vic 3073)

Auction: $850,000 - $935,000

Open on Saturday 15 August 12:30 pm | View All

Auction Saturday 12 September at 1:00 pm | View All

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

A versatile family home on a spacious 730 m² block with approved development plans in a highly desirable Reservoir location.

🏡 Property Highlights

  • Approved plans and permits for three contemporary townhouses, enabling fast-tracked development.
  • Existing three-bedroom residence providing immediate holding income.
  • Prime 730 m² allotment in highly sought-after Reservoir.
  • Excellent location with Reservoir and Regent train stations nearby.
  • Close to vibrant shopping strips, cafes, and parklands.
  • Turn-key investment opportunity with minimal planning uncertainties.

✨ Key Features

  • Built in robes
  • Formal lounge
  • Kitchen with adjoining meals area
  • Central bathroom
  • House
  • Waterfront / Views
  • Open-Plan Living
  • Outdoor Area
  • Secure Parking
  • Pet-Friendly

Reservoir is a vibrant suburb renowned for its diverse community, excellent transport links, and abundant parklands. It offers a mix of family-friendly amenities, shopping precincts, and easy access to Melbourne’s CBD. The area’s strong growth potential makes it a highly desirable location for both homeowners and investors. Local schools, cafes, and recreational facilities contribute to a convenient and lively lifestyle.

What is the current condition of the existing residence?
The existing residence is well-maintained, featuring a three-bedroom layout with a formal lounge, central bathroom, and a neat kitchen with an adjoining meals area, providing comfortable living and immediate income.
Are there any restrictions or conditions on the approved plans for the townhouses?
The approved plans and permits are in place, allowing for the construction of three contemporary townhouses, subject to compliance with local council regulations and conditions outlined in the approvals.
What is the potential for future capital growth in Reservoir?
Reservoir is a rapidly growing suburb with strong demand for both residential and development opportunities, making it a promising area for future capital appreciation.
Is there any ongoing or upcoming development activity in the area?
The property already benefits from approved development plans, and the suburb continues to experience growth with new projects and infrastructure improvements enhancing its appeal.
What are the zoning and planning regulations for this property?
The property is zoned for residential use with approved plans for multiple dwellings, and any future development must adhere to local zoning laws and planning regulations.
Are there any hidden costs associated with the approved development plans, such as council fees or levies? Has a recent survey or soil test been conducted to confirm the suitability for construction? Are there any easements, covenants, or restrictions that could impact future development? What are the flood or bushfire risks in this area, and are there any mitigation measures required? Is the property subject to any strata or body corporate fees or regulations? Are there any planned infrastructure projects or zoning changes that could affect the property's value? Has the property been inspected for structural issues or pest infestations? Are there any existing or potential noise or environmental concerns in the vicinity? What are the ongoing maintenance costs for the existing residence? Is the property compliant with all local building codes and regulations for the proposed development?

45 Burbank Drive, Reservoir, Vic 3073 - More Details

Auction: $850,000 - $935,000

Positioned in a highly sought-after Reservoir, this premium 730 m² allotment offers developers and astute investors a rare, turn-key advantage.

With approved plans and permits already in place for three sleek, contemporary townhouses, the costly prep work and planning uncertainties have been eliminated, which allows you to fast-track your next project.

The existing residence offers immediate holding income while you prepare for construction, featuring a comfortable three-bedroom layout complete with a formal lounge, a central bathroom, and a neat kitchen with an adjoining meals area.

Commuting is effortless with Reservoir and Regent train stations plus local bus routes just moments away, while vibrant shopping strips, local cafes, and popular parklands are all within easy reach.
Type
House
Bedrooms
4
Bathrooms
2
Parkings
2

Inspections times

  • Inspection Sat 15 Aug 12:30 pm

    Saturday 15 August
    12:30 pm - 1:00 pm
    Add to calandar Remind Me

  • Inspection Sat 22 Aug 9:30 am

    Saturday 22 August
    9:30 am - 10:00 am
    Add to calandar Remind Me

  • Inspection Sat 29 Aug 12:30 pm

    Saturday 29 August
    12:30 pm - 1:00 pm
    Add to calandar Remind Me

  • Inspection Sat 5 Sep 9:30 am

    Saturday 5 September
    9:30 am - 10:00 am
    Add to calandar Remind Me

  • Inspection Sat 12 Sep 12:30 pm

    Saturday 12 September
    12:30 pm - 1:00 pm
    Add to calandar Remind Me

Auctions

  • 45 Burbank Drive, Reservoir, Vic 3073

    Saturday 12 September
    1:00 pm
    Add to calandar Remind Me

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