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143 Broadway, Reservoir, Vic 3073 For Sale
143 Broadway, Reservoir, Vic 3073 143 Broadway, Reservoir, Vic 3073-Image 143 Broadway, Reservoir, Vic 3073-Image

143 Broadway, Reservoir, Vic 3073

$1,100,000 - $1,200,000

Residential Land
Type
651.2 m²
Area

Published on Friday, October 16, 2026 ( See property details for 143 Broadway, Reservoir, Vic 3073)

$1,100,000 - $1,200,000

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

A versatile 651.2 sqm residential land parcel in Reservoir offering development potential with pre-prepared townhouse plans and flexible building options.

🏡 Property Highlights

  • Generous 651.2 sqm landholding in well-established Reservoir
  • Pre-prepared plans for six townhouses, offering a clear development vision
  • Flexible opportunity for both multi-residential development and custom home building
  • Prime location with easy access to retail, dining, recreational amenities, and public transport
  • Potential to create a bespoke architectural residence or substantial family home
  • Development plans are not yet approved, allowing for further customization

✨ Key Features

  • Open-Plan Living
  • Waterfront / Views
  • Secure Parking
  • Outdoor Area
  • Built-in Robes
  • Garage
  • Air Conditioning
  • Ensuite
  • Floorboards
  • Alarm system

Reservoir is a vibrant Melbourne suburb renowned for its established community, excellent connectivity, and diverse amenities. It offers easy access to retail precincts, parks, and public transport, making it ideal for families, investors, and developers. The area continues to attract growth with its blend of convenience and community spirit. Its strategic location along major roads ensures seamless travel across Melbourne, while local schools and recreational facilities enhance its appeal for a variety of lifestyles.

What is the current zoning and development potential for this land?
The land is zoned for residential use, with pre-prepared plans for six townhouses, though these plans are not yet approved. Buyers should conduct their own due diligence regarding zoning and development regulations.
Are there any existing approvals or permits in place for the proposed development?
No, the plans for six townhouses are not yet approved. Prospective purchasers can explore further approvals and modify the plans to suit their development goals.
What are the nearby amenities and transport options?
The property is conveniently located along Plenty Road, providing easy access to retail, dining, recreational facilities, and public transport options, including bus routes and major road connections.
Is there scope for building a custom home on this land?
Yes, the generous 651.2 sqm allotment offers ample space to design and build a bespoke family residence or architectural home, subject to relevant approvals.
Are there any known restrictions or easements affecting the property?
Potential buyers should review the title and local council regulations to identify any restrictions or easements that may impact development plans.
Are there any additional costs or levies associated with developing this land, such as council contributions or infrastructure charges? Has the land been surveyed recently, and are there any boundary or easement issues to be aware of? Are there any existing or planned nearby developments that could affect the property's value or future use? What are the zoning restrictions and building height limits for this site? Is the land prone to flooding or bushfire risks, and have these hazards been assessed? Are there any strata or community title considerations if planning multi-unit development? What is the status of planning approvals, and what steps are needed to obtain permits? Are there any environmental or heritage overlays that could impact development options? What are the local council requirements for subdivision or multi-residential development? Is there any ongoing or upcoming infrastructure work in the area that could influence the site’s development potential?

143 Broadway, Reservoir, Vic 3073 - More Details

$1,100,000 - $1,200,000

Positioned in a well-established and highly connected pocket of Reservoir, 143 Plenty Road presents an exciting opportunity for developers, builders and astute investors seeking a substantial residential development site with the potential to deliver a compelling townhouse project.

Set on approximately 651.2 sqm, this generous allotment provides the scale and flexibility that experienced developers look for when assessing their next project. Plans have been prepared for six townhouses; however, these plans are not approved, providing a prospective purchaser with a considered starting point from which to further explore and progress the site's development potential.

For builders and developers, the appeal lies in the opportunity to acquire a substantial parcel of land with a proposed development concept already prepared. The six-townhouse plans provide a clear vision for how the site could potentially be utilised, while allowing the successful purchaser to undertake their own due diligence and determine the best pathway forward.

The property also presents an attractive proposition for those who see value beyond a multi-residential development. With approximately 651.2 sqm of land in an established Melbourne suburb, buyers looking to build their dream home have the opportunity to create something tailored entirely to their own requirements. Whether it is a substantial family residence, a bespoke architectural home or another residential concept, the generous landholding offers scope to explore a range of possibilities, subject to the relevant approvals.

The location further enhances the property's appeal. Positioned along Plenty Road, the site enjoys convenient access to a broad range of retail, dining, recreational and everyday amenities. Public transport options and major road connections provide easy access throughout Reservoir and surrounding suburbs, while the established nature of the area continues to attract homeowners, investors and developers alike.

For developers, this is an opportunity to secure a sizeable site with a proposed six-townhouse scheme already providing a vision for its future. For builders, it offers the chance to take a development concept from plans through to construction. For owner-occupiers, the substantial landholding presents an opportunity to create a home designed around their individual lifestyle and aspirations.

With approximately 651.2 sqm of land and plans prepared for six townhouses, not yet approved, 143 Plenty Road represents a genuine development opportunity where the next chapter is in the hands of the purchaser.

Whether your ambition is to develop, build, invest or create a distinctive home of your own, this substantial Reservoir landholding provides the foundation to pursue your vision.
Type
Residential Land
Area
651.2 m²

Price guide

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