FOR SALE
$990,000

156 Wood Street
Preston VIC 3072

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 660m2
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Prime Development Opportunity in Preston - Expansive Land with Residential Growth Zoning (RGZ)

Unlock a prime opportunity to secure expansive land in the heart of Preston, ready for your next project. Offering approximately 660sqm of high-side, Residential Growth Zoning (RGZ), this is a rare chance to make your mark in a thriving location-no demolition required!
Whether you're an investor, developer, or homeowner looking to build, this block offers exceptional potential in a highly sought-after area. Positioned within close proximity to vibrant cafes, schools, Preston Market, Preston Station, the 86 Tram, and High Street's famous bars and eateries, the lifestyle and growth opportunities are unmatched.
With residential growth on the rise, this property is an excellent investment at an attractive price. Don't miss your chance to capitalize on Preston's dynamic community!
Land size: 660m2 approx.
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Property Details for 156 Wood St, Preston

Building Type
Land
Land Size
660m2

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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 20,749 properties. Over the last 5 years, Houses in Preston have seen a 26.50% increase in median value, while Units have seen a 14.21% increase. As at 30 September 2024:

  • The median value for Houses in Preston is $1,146,812 while the median value for Units is $603,028.
  • Houses have a median rent of $600 while Units have a median rent of $510.
There are currently 73 properties listed for sale, and 45 properties listed for rent in Preston on OnTheHouse. According to CoreLogic's data, 759 properties were sold in the past 12 months in Preston.

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