FOR SALE
$1,300,000 - $1,350,000

32 Cramer Street
Preston VIC 3072

Bedrooms: 4
Bathrooms: 2
Car spaces: 4
Land area: 700m2
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Unlock the Potential: Approved Plans for 6 Townhouses in Central Preston

This property boasts a classic period profile with modernised proportions, set on a prominent allotment featuring easy rear lane access and a significant second frontage to St Georges Road. The immense potential of this site is highlighted by its unparalleled convenience, being in close proximity to Preston Market, Zwar Park, Preston station, High Street, and multiple supermarkets. The existing 4-bedroom, 2-bathroom floor-plan offers immediate comfort, featuring separate living and dining rooms, a spacious central kitchen, and a dedicated sun-room. The north-facing backdrop provides ample off-street parking.
Adding to its appeal, plans and permits have been approved for the construction of six 2-bedroom townhouses. This outstanding opportunity offers options for renovation, dual occupancy subdivision, or redevelopment (STCA). This landmark location ensures a future as rewarding as its storied family past, with every Preston attraction just moments away. For more information, please contact the agents.
Land size: 700m2 approx.
Deposit: 10% of the purchase price
Settlement preference: 30/45/60/90 days
Rental assessment: $650-$700 per week
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Property Details for 32 Cramer St, Preston

32 Cramer St, Preston is a 4 bedroom, 2 bathroom House with 4 parking spaces. The property has a land size of 700m2. The place is currently for sale with Ray White Bundoora.

Building Type
House
Land Size
700m2

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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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Hilda Leong
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Andrew Mizzi
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Ray White Bundoora
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