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1//151 Wood Street, Preston VIC 3072

Auction $590,000 - $640,000

Search Band Search Visibility Band

$590k - $649k Low Confidence Calculated based on limited search observations.

Unit 2 Beds 1 Bath 1 Car

Listed: 4 hours ago

Overview

This centrally located two-bedroom unit in Preston offers a unique opportunity for buyers seeking potential to add value and customise their living space. Perfect for first-home buyers or renovators, the property presents a versatile layout that invites personal redesign, supported by the convenience of a secure garage, enhancing both security and parking ease.

Investors will appreciate the well-positioned property for its promising rental prospects, given its proximity to well-established transport links, retail, and daily conveniences. Close to Plenty Road trams and Northland Shopping Centre, the location integrates the benefits of easy access to cafes, shops, and Preston Market, contributing to a lifestyle that balances urban connectivity with community-centric living.

The home provides a practical foundation for those considering either a subtle refresh or more comprehensive updates, allowing owners to tailor the space to their exact preferences. Its position, combined with the opportunities it offers for improvement, make this property a well-rounded choice for a variety of purchasers in the Preston market.

Local Market Insights

In Preston, Quiet Listings observed 4 new units entering the market over the last 30 days, unchanged from 4 in the prior period, with an average advertised asking price of $717,500. The property type mix of listed properties is predominantly Houses at 43%, followed by townhouses (25%), and apartments (15%). The most active agency for units in the Preston area is currently Nelson Alexander, representing 25% of new listings, followed by Collings Real Estate with 25%. 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.