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About this property
Positioned in one of Preston's most convenient and rapidly evolving pockets, this vacant allotment of approximately 259m² presents an exceptional opportunity for developers, investors or those looking to create a custom home in a highly sought-after lifestyle location (STCA). Surrounded by quality homes and ongoing development, the site offers a blank canvas with outstanding potential to design and build a contemporary residence or explore a boutique development that maximises the land's value. The location is a true standout, placing you just moments from the vibrant energy of High Street Preston, renowned for its eclectic mix of cafés, restaurants and boutique retail. The iconic Preston Market is also within close proximity, offering a lively atmosphere and a wide selection of fresh produce and specialty goods, while Northland Shopping Centre provides major retail, dining and entertainment options to cater to every need. Excellent public transport connections, including nearby train and tram services, ensure seamless access to the CBD and surrounding suburbs, further enhancing the appeal of this prime location. With strong ongoing growth, increasing buyer demand and significant lifestyle appeal, this is a rare chance to secure a prime parcel of land in an established yet thriving neighbourhood. Whether you are looking to build your dream home or capitalise on a smart development opportunity, this property delivers the perfect combination of position, potential and future upside.
Property Details
- Property Type
- land
- Listing Type
- For Sale
- Land Area
- 259 m²
- Listed
- 3 months ago
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Neighbourhood
Living in Preston
This land in Preston, VIC 3072 sits within reach of public transport, local shops and nearby schools.
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
- Blake Park/Albert Street (bus) — 345 m away
- Albert Street Automotive — 280 m away
- Lahinch Reserve — 260 m away
- T.W. Blake Park — 509 m away
- H.L.T. Oulton Reserve — 563 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
Suburb-wide medians from sold listings — a guide to the area, not this specific property.
Full Preston marketSide-by-side analysis
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