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28 Murphy Grove, Preston$1.20m
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Soldhouse

28 Murphy Grove

Preston, VIC 3072, Australia
$1.20m
2 bed 1 bath 1 car

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About this property

Whether you're looking to renovate a classic, land-bank for the future, or break ground immediately on a high-end development, 28 Murphy Grove is the "unicorn" you've been searching for. This property offers the best of both worlds: a charming, liveable weatherboard home and endorsed plans and permits for three stunning, architecturally designed townhouses. The Project: Shovel-Ready Excellence Skip the years of planning stress. The hard work has been done, with endorsed plans ready for a sophisticated triple-townhouse development: • Modern Architectural Design: Striking vertical cladding and elegant pitched roofs ensure these residences will be the talk of the street. • Seamless Living: Each home is designed with an emphasis on light, featuring floor-to-ceiling glass and seamless transitions to private outdoor zones. • Smart Site Utilisation: The layout maximises the deep allotment, providing privacy and generous landscaped courtyards for every residence. The Residence: Classic Charm & Immediate Comfort While you finalise your builders, enjoy a highly rentable or liveable character home filled with period details: • Period Features: Polished timber floorboards, high ceilings, and ornate ceiling roses throughout. • Flexible Floor Plan: Features two large bedrooms-a master (4.0m x 3.6m) and a second bedroom (3.3m x 3.1m)-both offering ample space. • Spacious Living: A bright living room (3.6m x 4.2m) with split-system AC, plus a separate formal dining room (3.6m x 3.8m) with a wall heater. • Large Kitchen/Meals: A functional space (4.3m x 4.1m) equipped with a dishwasher and oven. • Massive Backyard: Includes an entertaining deck and a standalone single garage/workshop (3.3m x 6.5m). The Location: Heart of Preston Positioned in one of the North's most consistent growth corridors, you are moments from vibrant cafes, local schools, and extensive parklands. Excellent public transport links provide a direct and easy commute to the CBD. This is a rare opportunity to secure a "triple-threat" development site in a premium pocket. Build the dream or hold for the future-the choice is yours. For a full information pack, including endorsed plans and permits, contact us today. Since the permits are already endorsed, are you planning on starting the build yourself, or are you more interested in the land-banking potential of the existing house?

Property Details

Property Type
house
Listing Type
Sold
Bedrooms
2
Bathrooms
1
Parking
1
Listed
3 months ago

Repayment calculator

$5,818/month
$2,909 /fortnight
Loan $960,000 at 6.10% over 30 years

Upfront costs

Deposit$240,000
Stamp duty$66,000
Conveyancing (est.)$2,000
Total upfront$308,000
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 2-bedroom house in Preston, VIC 3072 sits within reach of public transport, local shops and nearby schools. It is listed 30% above the $922,500 median of 60 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

  • Dean Street/Murray Road (bus)281 m away
  • Select 7326 m away
  • A.G. Davis Park522 m away
  • W.R. Ruthven V.C. Reserve747 m away
  • Walter Reserve889 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 2 bed

Compound growth +0.1% / yr over 4 yrs

$800kcurrent median

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