13 Emerald Street
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About this property
Positioned in one of Preston's most tightly held and consistently evolving pockets, 13 Emerald Street presents an outstanding opportunity to secure a substantial 495sqm (approx.) allotment with significant future upside and immediate versatility. Offering approved plans and permits for two side-by-side townhouses, this is a rare chance to step straight into a ready-to-go development project in a location where demand for quality new homes continues to surge. For developers, the hard work has already been done. With plans in place, the site is primed for a streamlined build process, allowing you to capitalise on Preston's strong sales market and ongoing gentrification. The proposed dual-occupancy design maximises the land's potential while aligning perfectly with the surrounding streetscape of quality homes and modern developments. However, this property is not limited to developers alone. Homebuyers will also immediately recognise the appeal of the existing residence, which provides comfortable and functional living with the flexibility to move straight in, update over time, or simply enjoy as a well-located home in its own right. Renovators will see the opportunity to transform and enhance the current dwelling, further adding value in a high-growth suburb. The generous land size of approximately 495sqm provides a rare sense of space for the area, offering options that are increasingly hard to find in Preston. Whether you choose to redevelop, renovate, or retain and landbank, the flexibility here is a standout feature. Perfectly positioned, the home enjoys excellent access to local amenities including reputable schools, parklands, transport options and the vibrant retail and café precincts that Preston is known for. With High Street, Northland Shopping Centre and key transport links all within easy reach, the lifestyle convenience on offer is exceptional, further enhancing long-term desirability. This is a property that truly caters to a wide range of buyers-developers seeking a ready-to-go project, investors chasing strong growth fundamentals, or homebuyers wanting to secure a foothold in a premium inner-north location with outstanding future potential. Opportunities of this calibre, combining approved plans, generous land size and an exceptional location, are increasingly rare in Preston.
Property Details
- Property Type
- house
- Listing Type
- For Sale
- Bedrooms
- 3
- Bathrooms
- 1
- Parking
- 4
- Land Area
- 495 m²
- Listed
- 1 month ago
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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 1% above the $997,500 median of 59 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) — 1.6 km away
- La Casa Del Pane — 1.5 km away
- Unnamed — 1.3 km away
- Preston City Oval — 1.5 km away
- Melbourne Polytechnic Courtyard — 1.8 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 -1.4% / yr over 4 yrs
Suburb-wide medians from sold listings — a guide to the area, not this specific property.
Full Preston marketThis listing
Price history
Price history
Listing price changes
2 price changes recorded for this property
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