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20 Hotham Street, Preston VIC 3072

$1,450,000 - $1,550,000

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$1.45M - $1.52M Transparent Transparent Listing Based on an openly advertised listing price.

House 3 Beds 1 Bath 2 Cars 754 m²

Listed: 9 hours ago

Overview

This charming period residence is set on a generous 754 sqm parcel of land in the sought-after Preston area, near the Thornbury fringe. The home combines appealing old-world architectural charm with considerable potential for modernisation, expansion, or redevelopment (subject to council approval), presenting a unique opportunity in this valued neighbourhood.

The home’s layout caters well to families and renovators alike, with three comfortable bedrooms and a well-positioned bathroom and laundry supporting everyday living. A separate formal living room with a grand fireplace offers a classic gathering space, while the adjoining dining room and gully style kitchen provide functional zones that could be adapted or updated to suit contemporary lifestyles.

Outdoor amenities complement the residence’s versatility, including mature gardens that establish a tranquil backyard atmosphere, multiple storage sheds, and a garage accessed via a wide side driveway that offers extra off-street parking options. This expansive outdoor space could also appeal to those considering subdividing or adding townhouses, capitalising on the property's substantial land area.

Positioned for lifestyle convenience, the property is within reach of local primary and secondary schools including Preston High School, as well as a variety of trendy cafes, parklands, and shopping precincts along High Street. This location blends suburban charm with accessibility, further enhancing the appeal for families or investors looking to capitalise on the area’s amenities and growth potential.

Local Market Insights

In Preston, Quiet Listings observed 27 new houses entering the market over the last 30 days, up from 24 during the previous 30-day period, with an average advertised asking price of $1,224,815. The property type mix of listed properties is predominantly Houses at 44%, followed by townhouses (23%), and apartments (16%). The most active agency for houses in the Preston area is currently Nelson Alexander, representing 37% of new listings, followed by Ray White 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.