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Location

Market Insights for Preston VIC 3072

New Listings (last 30 days)

Average price

$1,271,200

Lowest price

$800,000

Highest price

$2,400,000

113 Dundas Street, Preston VIC 3072

For Sale

Search Band

$1.1M - $1.2M Medium Confidence Calculated based on our search observations.

House 3 beds 450 m²

Listed: 3 days ago

Updated: 10 hours ago

Overview

Situated on a prominent corner allotment, this distinctive property on the Thornbury border offers a blend of character and versatility, perfect for those seeking a live-work opportunity or future development potential. The charming three-bedroom period home is rich with original timber flooring and period features that lend warmth and timeless appeal, while modern comforts such as heating, cooling, and solar power enhance everyday living.

Adjoining the residence is a multipurpose shopfront/studio space ideal for professional use or commercial leasing, presenting an opportunity to generate supplementary income or work from home conveniently. This flexibility makes the property attractive to small business operators, professionals, or investors looking to maximise value.

Set within a General Residential Zone Schedule 2 (GRZ2), the site’s size of approximately 450 square meters and corner location open possibilities for substantial future redevelopment subject to council approval. Buyers with development aspirations can explore multi-level projects, capitalising on the strategic positioning opposite Thornbury’s lifestyle precincts.

Located just moments from High Street’s vibrant café and dining scenes, alongside essential transport and amenities, the property promises a lifestyle combining Preston's affordability with Thornbury's coveted urban attractions. This unique offering appeals to families, investors, and developers, providing a foundation for comfortable living, income generation, and long-term growth potential in one of Melbourne’s most sought-after inner-north areas.

Coveted Thornbury-border location directly opposite Thornbury’s precinct
Period residence with character and original timber floors
Versatile adjoining shopfront/studio with income potential
Heating, cooling, and solar power for comfort and efficiency
Lock-up garage plus additional off-street parking
Prime corner allotment approx. 450 sqm with redevelopment prospects (STCA)
Close proximity to cafes, restaurants, transport, and amenities

Local Market Insights

In Preston, Quiet Listings observed 25 new houses entering the market over the last 30 days, unchanged from 25 in the prior period, with an average advertised asking price of $1,271,200. The property type mix of listed properties is predominantly Houses at 51%, followed by townhouses (24%), and apartments (18%). The most active agency for houses in the Preston area is currently Nelson Alexander, representing 44% of new listings, followed by Jellis Craig with 20%. 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.