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2 Loddon Avenue
Reservoir, VIC 3073
AUCTION $700,000 - $770,000
Overview
Prime Development Opportunity
Located on a substantial allotment of approximately 763 square meters in one of Reservoir's rapidly developing areas, this property at 2 Loddon Avenue offers an exceptional opportunity for buyers seeking a sizable parcel of land with significant future potential.
This residence is set on a generous block that boasts a strong street presence, making it an ideal prospect for developers or investors looking to undertake a full redevelopment, construct a brand-new home (subject to council approval), or consider the possibility of retaining the existing front home while developing the rear (subject to council approval).
The true value of this property lies in its land size and the flexibility it offers for those wishing to design and build a home tailored to their specific vision. Surrounded by established homes and ongoing renewal throughout the suburb, this is a rare chance to secure a large block in a location where opportunities of this scale are becoming increasingly scarce.
For investors and forward-thinking buyers, the property also presents the option to hold as a rental investment now while planning for future development, allowing you to generate income while preparing for your next project.
The convenience of lifestyle amenities further enhances the appeal of this property, with easy access to local shops, schools, parks, and public transport, ensuring strong long-term desirability. Whether you are planning to build your dream home, develop now, or land bank for the future, this is an opportunity to capitalize on both location and land size.
In summary, this property represents a prime development opportunity in a sought-after area, making it an attractive option for a variety of buyers.
Location
Reservoir VIC 3073
Measurements
| Type | Dimensions |
|---|---|
| Building Area Sqm | 112 |
| Floor Area | 112 sqm |
Market Insights for Reservoir VIC 3073
Other properties in this postcode
AUCTION $1,300,000 - $1,400,000
8B Army Avenue, Reservoir VIC 3073
Expressions of Interest: $700,000 - $770,000 - 27 Apr Deadline Sale
1/37 Fordham Road, Reservoir VIC 3073
* Search brackets are a technical classification derived from unverified metadata set by the listing agent for search filtering. It is not an official price guide, a valuation, or a representation of the seller's reserve. This data is provided for search transparency purposes only.
