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Location

Market Insights for Preston VIC 3072

New Listings (last 30 days)

Average price

$1,277,778

Lowest price

$800,000

Highest price

$2,400,000

50 Ruby Street, Preston VIC 3072

$900,000 - $990,000

Search Band

$900k - $945k Transparent Based on an openly advertised listing price.

House 3 beds 1 bath 2 cars 487 m²

Listed: 16 hours ago

Overview

This 3-bedroom house presents a valuable opportunity in Preston’s thriving property market, with an approximate land size of 487 square meters offering versatile development potential (STCA) alongside a comfortable living environment.

The property’s layout is thoughtfully designed, starting with an inviting entrance foyer leading into a separate living room equipped with a wall heater, ensuring warmth and comfort. Adjacent to this, the contemporary kitchen and meals area features functional appliances and ample storage, supporting practical everyday living and meal preparation.

The accommodation includes two spacious bedrooms serviced by a neat bathroom and a large laundry, providing convenient amenities for residents. Additionally, the rear yard hosts an extra-large bungalow that serves as a third double bedroom, alongside a double garage and considerable off-street parking. These features combined enhance flexibility for accommodating guests or potential rental opportunities.

Further benefits include split system heating and cooling, window furnishings, plentiful storage, and hardwood flooring throughout, contributing to the property’s character and low maintenance appeal.

Strategically located close to major amenities such as Northland Shopping Centre, Northland Homemaker Centre, Preston Market, schools, kindergartens, parklands, and public transport, the property suits a broad range of buyers. Whether as a first home, renovation project, investment, or development site, it offers substantial scope for adding value and lifestyle enhancements.

Local Market Insights

In Preston, Quiet Listings observed 27 new houses entering the market over the last 30 days, up from 23 during the previous 30-day period, with an average advertised asking price of $1,277,778. The property type mix of listed properties is predominantly Houses at 47%, followed by townhouses (22%), and apartments (20%). The most active agency for houses in the Preston area is currently Nelson Alexander, representing 44% of new listings, followed by Jellis Craig with 19%. 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.