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552-554 Plenty Road
Preston, VIC 3072
AUCTION $795,000 - $870,000
Overview
Prime Preston Allotment with Strong Future Potential (STCA)
Located in the heart of Preston, this substantial allotment offers a unique blend of pace, comfort, and long-term potential, making it an attractive prospect for investors, developers, and owner-occupiers alike.
The existing residence is well maintained and ready for immediate occupancy, providing comfortable living with the opportunity for future enhancements. Whether you choose to enjoy the home as it stands or gradually renovate to suit your personal preferences, it serves as a solid foundation with genuine potential for growth.
Situated on a generous land parcel of 569 square meters, the property presents exciting possibilities for those looking to leverage its size and prime location, subject to council approval (STCA). This flexibility allows you to plan future developments at your own pace, making it an ideal investment for both immediate use and long-term planning.
The property is positioned within the Residential Growth Zone, which supports its long-term development potential. This zoning encourages increased housing density in well-connected areas, adding further appeal for prospective developers.
Families will appreciate the convenient proximity to a variety of educational institutions, including primary and secondary schools, as well as local childcare and early learning centers. Everyday needs are well catered for with nearby shopping precincts, cafes, supermarkets, and recreational spaces. Excellent public transport options, including train and tram services, provide direct access to the Melbourne CBD and surrounding suburbs.
Primary school options include:
- Preston South Primary School
- Preston West Primary School
- Bell Primary School
Secondary school options include:
- Preston High School
- Reservoir High School
- Thornbury High School
Opportunities of this scale and flexibility are increasingly rare, offering the chance to secure a comfortable home today while planning for future growth and development.
Location
Preston VIC 3072
Market Insights for Preston VIC 3072
Other properties in this postcode
AUCTION $1,280,000 - $1,380,000
5 Tennyson Avenue, Preston VIC 3072
* 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.
