Real Estate Appraisal Reservoir VIC 3073
How much is my home worth in Reservoir?
The median price for a house in Reservoir is $890,000 as of October 2024. A median-priced unit is $620,000.
There have been 491 houses and 481 units sold in the last year. The capital growth for houses over the past 12 months was 2.9% and units was -0.5%.
It takes on average 52 days to sell a house and 42 days to sell a unit in Reservoir.
House prices and rent returns in Reservoir.
- 2 bedroom home $800,000, Rent per week $500
- 3 bedroom home $895,000, Rent per week $550
- 4 bedroom home $1,080,000, Rent per week $650
Unit prices and rent returns in Reservoir.
- 1 bedroom unit $423,500, Rent per week $395
- 2 bedroom unit $595,000, Rent per week $465
- 3 bedroom unit $735,000, Rent per week $570
The Reservoir gross rental yield for houses is 3.9% and for units, it is 4.4%.
Free Real Estate Appraisal Reservoir
Free Rental Appraisal Reservoir
Do you have an investment property you wish to rent? Or, do you want to rent out your current home? Our property management team currently manages over 35,000 properties in Australia. Our focus is to maintain and care for your property so you can realise the maximum return on your investment. We use the latest software tools to organise our services and we provide full digital tax accounting files. We work closely with the landlord and report regularly on their property. We have a large database of potential tenants that we screen for security reasons.
Property Valuation Reservoir
The majority of people believe a property appraisal and a property valuation are the same. In part, this is true. However, if you need a valuation for legal purposes, you need to engage the services of a licenced property valuer. A valuation from a certified property valuer will cost you money. Or, if you just want to know how much your home is worth, then any registered real estate agent can give you a good understanding of what price you could get for your property, both for sales and rent.
If you want to know the value of your Reservoir home, request an appraisal today to speak to one of our experienced Property Consultants or Property Managers.
How do we appraise a property in Reservoir?
- Recent property sales history in the Reservoir district
- Location and the proximity to amenities
- Accessibility of schools and shops
- Comparison of market values
- Condition and size of the property
Want to know what your Reservoir home is worth?
Barry Plant can provide a prompt and professional opinion of the current market value of your home with no cost or obligations. It’s all part of the service you can expect from Barry Plant.