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12-14 Sheffield Street, Preston$3.15m
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For Salehouse

12-14 Sheffield Street

Preston, VIC 3072, Australia
$3m – $3.30m
6 bed 3 bath 4 car1680 m²

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About this property

Set on an extraordinary 1,680sqm (approx.) allotment in one of Preston's most tightly held pockets, 1214 Sheffield Street presents a rare and exciting opportunity for developers, investors, and visionary buyers alike. Opportunities of this scale are few and far betweenoffering outstanding scope to subdivide, redevelop, or create a landmark multi-dwelling project (STCA). Positioned in a highly sought-after, family-friendly location, the property combines impressive land size with unbeatable convenience. Whether you're looking to capitalise on the strong local demand or landbank for future growth, this is a blue-chip investment you won't want to miss. Property Highlights: - Enormous 1,680sqm (approx.) landholding - Exceptional development potential (STCA) - Wide frontage with flexible design possibilities - Ideal for multi-unit/townhouse redevelopment - Rare opportunity in a rapidly growing locale Enjoy the lifestyle benefits of being moments from local schools, parklands, public transport, and the vibrant Preston precinct, including cafes, restaurants, and shopping options. With land of this calibre becoming increasingly scarce, this is your chance to secure a truly significant parcel in a premium inner-north location. Unlock the possibilities and make your mark in Preston.

Property Details

Property Type
house
Listing Type
For Sale
Bedrooms
6
Bathrooms
3
Parking
4
Land Area
1680 m²
Listed
3 months ago

Repayment calculator

$15,271/month
$7,636 /fortnight
Loan $2,520,000 at 6.10% over 30 years

Upfront costs

Deposit$630,000
Stamp duty$184,750
Conveyancing (est.)$2,000
Total upfront$816,750
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 6-bedroom house in Preston, VIC 3072 sits within reach of public transport, local shops and nearby schools. It is listed 233% above the $945,000 median of 51 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

  • Preston 2 (train)1.0 km away
  • Bell Automotive Group1.8 km away
  • L.W. Williams Reserve575 m away
  • Unnamed722 m away
  • Walter Reserve1.3 km 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

2 price changes recorded for this property

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