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11 Emerald Street, Preston$895,000
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For Salehouse

11 Emerald Street

Preston, VIC 3072, Australia
$870,000 – $920,000
3 bed 1 bath 1 car495 m²

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About this property

Positioned within one of Preston's most sought-after and rapidly evolving pockets, this exceptional opportunity presents a range of possibilities for buyers looking to secure a foothold in a location renowned for its lifestyle appeal, connectivity and long-term growth. Whether you're looking to build your dream family home, undertake a renovation and create something truly special, or explore the site's future development potential (STCA), this is the type of opportunity that continues to attract strong interest from homebuyers, builders, investors and developers alike. Further enhanced by its General Residential Zone Schedule 2 (GRZ2) zoning, the property offers additional appeal for those seeking flexibility and future opportunities within a highly desirable residential precinct. The property's appeal lies in its flexibility. Families will recognize the opportunity to create a home tailored entirely to their own vision and lifestyle, while those with an eye for renovation can unlock the full potential of the existing residence and add significant value over time. Developers and investors will equally appreciate the opportunity to capitalize on a location that continues to experience strong demand and ongoing transformation. The location only strengthens the appeal. Situated moments from Preston Market, High Street's renowned café and dining precinct, local schools, parklands and public transport, the property offers the convenience and lifestyle attributes that modern buyers continue to seek. Easy access to major arterials and the CBD further enhances its long-term desirability. As Preston continues to establish itself as one of Melbourne's most desirable inner-northern destinations, opportunities that offer this level of flexibility and future potential are becoming increasingly difficult to secure. Whether your vision is to renovate, rebuild, develop or invest (STCA), this represents an exciting opportunity to create lasting value in a highly sought-after location. A rare opportunity where vision, location and future potential come together.

Property Details

Property Type
house
Listing Type
For Sale
Bedrooms
3
Bathrooms
1
Parking
1
Land Area
495 m²
Listed
3 weeks ago

Repayment calculator

$4,339/month
$2,169 /fortnight
Loan $716,000 at 6.10% over 30 years

Upfront costs

Deposit$179,000
Stamp duty$48,770
Conveyancing (est.)$2,000
Total upfront$229,770
Verify with VIC revenue office →
Indicative figures only — not a quote. Real loan offers depend on the lender; duty depends on contract terms and applicable concessions.

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Neighbourhood

Living in Preston

This 3-bedroom house in Preston, VIC 3072 sits within reach of public transport, local shops and nearby schools. It is listed 13% below the $1.03m median of 62 comparable houseswithin 5 km.

Schools near Preston

  • East Preston Islamic Collegecombined · Prep-12 · CoEd
  • St John's College Prestoncombined · Prep-12 · CoEd
  • Bell Primary Schoolprimary · Prep-6 · CoEd
  • Newlands Primary Schoolprimary · Prep-6 · CoEd
  • Preston Primary Schoolprimary · Prep-6 · CoEd
  • Preston South Primary Schoolprimary · Prep-6 · CoEd

What's nearby

  • Banool Street/Murray Road (bus)451 m away
  • Melbourne Indoor Plants331 m away
  • Lahinch Reserve160 m away
  • H.L.T. Oulton Reserve565 m away
  • T.W. Blake Park663 m away

Preston at a glance

Full suburb profile
Population
33,790
Median age
37
Household income
$1,844/wk
Median rent
$392/wk
Median mortgage
$2,000/mo

Source: ABS Census.

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Suburb market

Suburb price trend

Preston price trend

Median sold · House 3 bed

Compound growth -0.6% / yr over 4 yrs

$1.10mcurrent median

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Price history

Price history

Listing price changes

1 price change recorded for this property

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