1 Townhall Avenue
Preston, VIC 3072

Located just footsteps from the tram on Plenty Road, this character-filled home is perfectly positioned near a local convenience store, kinder and childcare facilities, and within walking distance to the vibrant High Street, the iconic Preston Market, and Preston Station. This original classic residence offers a rare opportunity for those seeking a property with untapped potential, ready for a complete transformation.

The home retains charming period features including a return veranda, high ceilings, decorative fretwork, leadlight-style glazing, ornate cornices, deep skirting boards, and striking fireplaces. These elements provide a beautiful foundation and a blank canvas for renovation or complete reconfiguration, subject to council approval (STCA).

One of the standout features of this property is the valuable rear laneway access, a highly sought-after attribute that opens the door to creative redesign possibilities and future value-adding enhancements. This access provides flexibility for development or additional parking options.

Situated in a location defined by convenience and growth, this property represents an exceptional opportunity to capitalize on both its prime position and potential within a dynamic and evolving precinct. Whether you are an investor, renovator, or homebuyer, this home offers a unique chance to create a bespoke residence tailored to your lifestyle and preferences.

Nearby amenities include excellent public transport options, shopping, dining, and recreational facilities, making it an ideal location for families and professionals alike. The Preston area is known for its community spirit and ongoing development, ensuring that your investment will benefit from the suburb's continued growth and appeal.

This property is perfect for those looking to secure a home with character and charm, while also offering the scope to add significant value through renovation or redevelopment. The combination of original features and modern potential makes this a standout opportunity in the Preston market.

In summary, this home offers:

• Three bedrooms providing ample living space.
• One bathroom with potential for modernization.
• Two parking spaces, including rear laneway access.
• Period features such as high ceilings, decorative fretwork, and leadlight glazing.
• Close proximity to public transport, shopping, childcare, and community amenities.
• Exceptional potential for renovation or redevelopment (STCA).

With its prime location and character-filled appeal, this property is a rare find in Preston and presents a fantastic opportunity to create your dream home or investment property in a thriving suburb.