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Plenty Road, Preston VIC 3072

$470,000 - $517,000

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$470k - $494k Transparent Transparent Listing Based on an openly advertised listing price.

Apartment 2 Beds 1 Bath 1 Car

Listed: 54 days ago

Updated: 41 days ago

Overview

Perched on the 7th floor, this apartment at 705/2 Plenty Road, Preston offers a refined urban sanctuary with spectacular panoramic views that sweep across the neighborhood. Its contemporary layout emphasizes seamless transitions between indoor and outdoor living spaces, making it ideal for those who appreciate spacious yet functional design.

Flooded with natural light, the open-plan living and dining area is anchored by rich timber flooring that leads to expansive floor-to-ceiling glazing. This element not only frames the stunning skyline but also maximizes the sense of openness and connection to the outdoors.

The gourmet kitchen is thoughtfully crafted for both daily living and entertaining, featuring premium stone benchtops with a striking waterfall edge, and high-quality stainless steel gas appliances. Integrated smart-home capabilities provide modern convenience and elevate the cooking experience.

Accommodation within the apartment is generous, with two oversized bedrooms that serve as peaceful retreats. Each bedroom boasts built-in robes and direct access to the balcony through sliding doors, a rare feature that enhances comfort and enhances the outdoor connection. The bathroom is contemporary and efficient, with a large walk-in shower, timber-look vanity, and cleverly integrated laundry amenities, optimizing the use of space.

Stretching nearly ten meters wide, the full-length balcony offers an exceptional outdoor space ideal for relaxing, entertaining, or enjoying morning coffee while taking in unobstructed views. This residence’s location places it moments from the 86 tram, Preston Market, and vibrant dining and shopping options along High Street, lending unparalleled convenience to its lifestyle appeal.

Whether seeking a stylish first home, a downsizer's elegant retreat, or a shrewd investment opportunity, this apartment combines sophistication with practicality in a sought-after Preston pocket. Tenanted until December 2026 with a weekly return of $595, it presents both lifestyle and financial benefits.

Local Market Insights

In Preston, Quiet Listings observed 11 new apartments entering the market over the last 30 days, up from 9 during the previous 30-day period, with an average advertised asking price of $423,545. The property type mix of listed properties is predominantly Houses at 41%, followed by townhouses (25%), and apartments (18%). The most active agency for apartments in the Preston area is currently Nelson Alexander, representing 45% of new listings, followed by Melbournian Property Group with 18%. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.

While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.