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Images and floorplans are provided for illustrative purposes and remain the property of their respective copyright owners.

380 Plenty Road
Preston, VIC 3072

SALE $1,500,000 - $1,600,000

Property Type: Land
Last Updated: 20 Mar 2026
Overview

Permit Approved. Premium Preston Position. Six-Townhouse Opportunity on Plenty Road.

Positioned in one of Preston's most connected and high-growth corridors, this exceptional development site at 380 Plenty Road presents a rare opportunity to secure a fully considered multi-dwelling project with strong upside.

Set on a substantial allotment with approved plans for six architecturally designed townhouses, the hard work has already been done, allowing builders, developers and savvy investors to step straight into a ready-to-deliver project. The design showcases a well-balanced mix of functional layouts, incorporating spacious living zones, multiple bedrooms, private open spaces and secure garaging, all tailored to meet the demands of today's market.

The development comprises a thoughtfully planned configuration with a mix of double-storey residences, each designed to maximise natural light, street presence and internal flow. With modern façades and efficient floorplans, the project is perfectly suited for both resale and long-term investment strategies.

Located directly on Plenty Road, the property benefits from immediate access to tram routes, local shopping strips, Northland Shopping Centre, quality schools and parklands, all while being only moments from Preston Market and the CBD-bound transport options. This is a location that consistently performs and continues to see strong buyer demand.

Whether you're looking to build and sell, build and retain, or land bank with a permit in place, opportunities of this calibre in such a high-exposure position are increasingly hard to secure.

A turnkey development opportunity in the heart of Preston, ready for your next project.

Location
380 Plenty Road
Preston VIC 3072
Market Insights for Preston VIC 3072
New Listings (last 30 days)
8
Average price
$976,250
Lowest price
$410,000
Highest price
$1,400,000
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* Search brackets are a technical classification derived from unverified metadata set by the listing agent for search filtering. It is not an official price guide, a valuation, or a representation of the seller's reserve. This data is provided for search transparency purposes only.