FOR SALE
$1,800,000 - $1,900,000

56 Wallace Street
Preston VIC 3072

Bedrooms: 4
Bathrooms: 2
Car spaces: 2
Auction Time
Sat 9 Nov 2:00 pm
Inspection Times
No upcoming inspections scheduled.
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Art Deco charm, city views and a solar passive design

Lovingly maintained to celebrate captivating Art Deco roots, this freshly-painted four bedroom plus external studio/office, two bathroom home showcases architectural enhancements, multiple living zones and a relaxed indoor/outdoor connection. Sprawled across two spacious levels, each floor boasts breathtaking city views that provide a constant reminder of its coveted inner-north address. Original ornate ceilings and timber finishes including floorboards and picture rails create a sense of nostalgia, while the intelligent choice to implement solar passive principles sees a north-facing rear increase natural warmth throughout. A charming mantled fireplace is the focal point for the front lounge, as the flexible family domain adjoins a functional kitchen/meals area benefitting from a contemporary wood fire heater. It is further highlighted by premium stainless-steel Smeg appliances, walk-in-pantry and breakfast bar. There is also a servery window opening up to the undercover entertainer’s alfresco and ascending backyard enveloped by verdant shade and lush garden beds. The studio enjoys northerly sunlight and offers yet another layer of versatility to the property; perfectly designed with an integrated workstation for a home office or creative space. In addition to this, sparkling central bathrooms accompany the private bedrooms; three of which feature generous robes and newly laid carpet floors. Inclusions comprise hydronic heating, split system and double glazed windows. A utility shed, rainwater tank, concealed storage and lengthy driveway off-street-parking complete the package. Less than 9.5km to our multicultural city centre and ideally zoned for both Preston High and Preston West Primary Schools. Enviably situated for those seeking the very best of urban living, it is walking distance to iconic Preston Market/Station and the thriving eateries, wine bars and boutique shops belonging to High Street. Moments to Gilbert Road trams, Bell Street buses, Coburg Hill shops, schools/childcare and H.P. Zwar Park. Immediately comfortable and ready to welcome its next discerning owner, this one will surely impress.
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Property Details for 56 Wallace St, Preston

56 Wallace St, Preston is a 4 bedroom, 2 bathroom House with 2 parking spaces. The place is currently for sale with Jellis Craig Reservoir.

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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.

Suburb Insights for Preston 3072

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Colin Abbas
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David Major
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Jellis Craig Reservoir
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Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.