FOR SALE
AUCTION $1,230,000 - $1,330,000

2 Mitchell Street
Preston VIC 3072

Bedrooms: 3
Bathrooms: 2
Car spaces: 2
Land area: 511m2
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Auction Time
Sat 9 Nov 12:00 pm
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Prime Preston Home with Endless Potential

Welcome to 2 Mitchell Street, Preston, a property brimming with potential and located in one of the most desirable pockets of the area. This home offers a rare opportunity to secure a spot in a well-established neighborhood that continues to grow in popularity due to its lifestyle appeal and convenient access to everything you need.
Set on a generous block of 511 sqm (approx.), the home is positioned in a quiet, tree-lined street that exudes a family-friendly atmosphere. Just a short distance away, you'll find a range of amenities including bustling shopping precincts, cafes, and restaurants that Preston is known for. Excellent public transport options, including train stations, bus routes and the Gilbert Rd Tram (11) , ensure a seamless commute to the city, while nearby schools and lush parklands make it perfect for growing families.
The property itself features 3 generously sized bedrooms, 2 bathrooms, and a dedicated study-ideal for those working from home or needing a quiet space. The versatile layout offers plenty of room for a growing family or those who enjoy extra space for guests or hobbies. The main living areas are well-proportioned, with the potential to create open-plan spaces that maximise natural light and modern living. The beautiful outdoor area also offers plenty of scope for landscaping, entertaining, or future enhancements.
The home offers the ideal foundation for a creative vision. Whether you're a first-home buyer looking to enter the market, a renovator eager to create something special, or an investor looking for a valuable addition to your portfolio, this property provides the flexibility to shape it to your needs.
With its highly sought-after location, just minutes from everything Preston and its surrounding suburbs have to offer, 2 Mitchell Street is more than just a home-it's an opportunity. Don't miss out on the chance to transform this property into the ideal residence or capitalise on its potential for future growth in this thriving community.
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Property Details for 2 Mitchell St, Preston

2 Mitchell St, Preston is a 3 bedroom, 2 bathroom House with 2 parking spaces. The property has a land size of 511m2. The place is currently for sale with Ray White Preston.

Building Type
House
Land Size
511m2

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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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Ian Dempsey
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Ethan Maratheftis
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Ray White Preston
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