FOR SALE
PROPERTY ON HOLD UNTIL FURTHER NOTICE

112 Wood Street
Preston VIC 3072

Bedrooms: 3
Bathrooms: 1
Car spaces: 3
Land area: 676m2
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Development Potential - PROPERTY ON HOLD.

This large site of 676m2 (approx.) is in a Residential Growth Zone (RGZ2) and is ripe for a multi-unit/townhouse/apartment site (STCA).
Situated in this exclusive location, minutes to public transport, Northland Shopping, schools, parklands (etc.).
A rare opportunity – not to be missed!
Also suit – new home site or renovator.
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Property Details for 112 Wood St, Preston

112 Wood St, Preston is a 3 bedroom, 1 bathroom House with 3 parking spaces. The property has a land size of 676m2. The place is currently for sale with Barry Plant - Reservoir.

Building Type
House
Land Size
676m2

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About Preston 3072

The size of Preston is approximately 11.5 square kilometres. It has 30 parks covering nearly 4.7% of total area. The population of Preston in 2011 was 29,925 people. By 2016 the population was 32,865 showing a population growth of 9.8% in the area during that time. The predominant age group in Preston is 30-39 years. Households in Preston are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Preston work in a professional occupation. In 2011, 60.2% of the homes in Preston were owner-occupied compared with 56.7% in 2016.

Preston has 21,005 properties. Over the last 5 years, Houses in Preston have seen a 16.22% increase in median value, while Units have seen a 10.13% increase. As at 30 November 2024:

  • The median value for Houses in Preston is $1,135,746 while the median value for Units is $616,510.
  • Houses have a median rent of $600 while Units have a median rent of $520.
There are currently 65 properties listed for sale, and 39 properties listed for rent in Preston on OnTheHouse. According to CoreLogic's data, 772 properties were sold in the past 12 months in Preston.

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Harry Kontossis
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Barry Plant - Reservoir
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