For Sale

81 Summerhill Road, Reservoir, Vic 3073-Image

Barry Plant Northcote & Preston - NORTHCOTE

81 Summerhill Road, Reservoir, Vic 3073

$950,000 - $1,045,000

House

Type

Bedrooms

Bathrooms

Parkings

574 m²

Area

Published on Thursday, July 16, 2026 ( See property details for 81 Summerhill Road, Reservoir, Vic 3073)

$950,000 - $1,045,000

View the agent price guide.

Edmond Leung - Real Estate Agent - Barry Plant Northcote & Preston - NORTHCOTE

Edmond Leung Senior Sales Consultant

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Jesse Dolcetta - Real Estate Agent - Barry Plant Northcote & Preston - NORTHCOTE

Jesse Dolcetta Director/Auctioneer

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AI Property Insight

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

A rare development opportunity in Reservoir featuring approved plans for four townhouses, a well-maintained existing home, and a prime location with strong growth prospects.

🏡 Property Highlights

Approved plans and permits for four architecturally designed townhouses
Prime 574sqm land in Residential Growth Zone 2 (RGZ2)
Existing well-presented three-bedroom brick veneer home with strong rental income
Current rental return of $750 per week providing excellent holding income
Outstanding location bordering Preston with easy access to amenities
Development potential in a high-growth Melbourne corridor

✨ Key Features

Built in robes
Open-Plan Living
Waterfront / Views
Outdoor Area
Secure Parking
Garage
Outdoor Area / Balcony
Floorboards
Ensuite
Pet-Friendly

Suburb and Property Insights of Reservoir, VIC 3073

Reservoir is a vibrant and rapidly evolving suburb renowned for its strong community feel, excellent transport links, and proximity to major amenities. It offers a mix of established homes and exciting development opportunities, making it highly attractive for investors and owner-occupiers alike. The area boasts excellent schools, shopping centres, parks, and easy access to Melbourne’s CBD, ensuring a dynamic lifestyle and promising long-term growth.

Frequently Asked Questions

What is the potential for future development on this site?

The property has approved plans and permits for four architecturally designed two-bedroom townhouses, offering significant development potential in a high-growth zone.

What is the current rental income and condition of the existing home?

The existing three-bedroom brick veneer home is well-presented and currently leased for $750 per week, providing excellent holding income.

How accessible are local amenities and transport options?

The property is within walking distance to Summerhill Shopping Centre, Plenty Road trams, schools, parklands, La Trobe University, and Northland Shopping Centre.

What are the zoning and planning considerations for this property?

The land is situated in the Residential Growth Zone 2 (RGZ2), which supports medium-density residential development, as evidenced by the approved plans for townhouses.

Are there any restrictions or covenants affecting the property?

The property is subject to Melbourne’s planning regulations within the RGZ2 zone; specific restrictions should be confirmed with local council or planning authorities.

What to ask about this property to agent?

Are there any additional costs or fees associated with the approved development plans? Have all necessary permits and approvals been obtained, and are there any conditions that need to be fulfilled? Are there any known issues with the existing structure or land that could affect future development? Is there any nearby construction or planning activity that could impact the property’s value or livability? What are the zoning restrictions and are there any easements or covenants on the land?

81 Summerhill Road, Reservoir, Vic 3073 - More Details

$950,000 - $1,045,000

Type: House
Bedrooms: 3
Bathrooms: 1
Parkings: 2
Area: 574 m²

Price guide

View Statement Of Information

in compliance with Estate Agents Act 1980

81 Summerhill Road, Reservoir, Vic 3073 - Point Of Interest

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Your Commute at a Glance: 81 Summerhill Road, Reservoir, Vic 3073

Email Enquiry To Barry Plant Northcote & Preston - NORTHCOTE

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81 Summerhill Road, Reservoir, Vic 3073

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