Sold

22 Burbank Drive,
Reservoir 3073, Victoria

3 bedrooms
1 bathroom
2 car spaces
583m² land size
House

$750,000


Property details

Exceptional Development Opportunity - Plans & Permits Approved

Located in a well-established and highly sought-after pocket of Reservoir, 22 Burbank Drive presents a rare opportunity for developers, investors, and builders looking for a project with significant potential. While the existing home requires extensive work, the true value lies in the endorsed plans and permits for the construction of two substantial townhouses, each offering a spacious and functional design.

The approved plans outline two well-appointed residences, each spanning 24.23 squares, designed to meet modern living standards. Both townhouses feature four generously sized bedrooms and two bathrooms, with the convenience of a master suite located on the ground floor. Secure off-street parking is accounted for, with a single lock-up garage and an additional open car space on title for each home.

With engineering drawings already completed, all that's left to do is obtain a building permit and commence construction. This is an opportunity to capitalize on a project that has already undergone key planning stages, significantly reducing the time and effort required to bring it to life.

The location is well-connected, with easy access to local schools, shopping precincts, public transport, and green spaces, ensuring strong appeal for future homeowners or tenants.

A development-ready site in a prime location with approved plans of this scale is increasingly hard to find. Take advantage of the groundwork already completed and get started immediately.

For further details or to arrange an inspection, contact us today.

All information about the property has been provided to Ray White by third parties. Ray White has not verified the information and does not warrant its accuracy or completeness. Parties should make and rely on their own enquiries in relation to the property.

Due diligence checklist for home and residential property buyers.


Explore the area


School catchments

  • Reservoir Views Primary School Primary Prep-6 Government 0.76km
  • Maharishi School of the Age of Enlightenment Primary Prep-6 Independent 0.78km
  • St Stephen's School Primary Catholic 1.5km
  • Norris Bank Primary School Primary Prep-6 Government 1.6km
  • William Ruthven Primary School Primary Prep-6 Government 2.0km

Nearest schools, measured in a straight line from the property. Provided as a guide only; check catchment and enrolment eligibility with the school. School data © ACARA, licensed under CC BY 4.0.


Find out how much home loan repayments will be

It’s important to understand repayment amounts before you apply for a home loan. A Loan Market broker can compare over 100 lenders to find the right loan for you. Use the Loan Market calculator to get a better indication of repayments.

Loan Market Pty Ltd | Australian Credit Licence 390222. All interest rates stated must include "p.a." and the relevant Comparison Rate in full.


Back to top