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Sold on 02 Oct 2024 - Price Unavailable

117 Raglan Street
Preston VIC 3072

Bedrooms: 4
Bathrooms: 1
Car spaces: 3
Land area: 625m2
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Property Details for 117 Raglan St, Preston

117 Raglan St, Preston is a 4 bedroom, 1 bathroom House with 3 parking spaces. The property has a land size of 625m2. While the property is not currently for sale or for rent, it was last sold in October 2024. There are other 4 bedroom House sold in Preston in the last 12 months.

Building Type
House
Land Size
625m2

Last Listing description (October 2024)

Nestled in the coveted heart of Preston, sits a property brimming with promise and potential. Boasting a prime corner site location greatly desired by developers and homeowners alike, this parcel of land offers a rare opportunity for astute investors. With town-planning permit plans already in place for the construction of two luxurious townhomes, the groundwork is set for a visionary to capitalise on the burgeoning demand for contemporary urban living in this vibrant suburb. Discover the gateway to a prosperous future in Preston, where innovation meets opportunity in every square meter of this strategically positioned property.

Land Size: 625m2
Planning Zone :

-GENERAL RESIDENTIAL ZONE - SCHEDULE 1
Planning Overlay :
-DEVELOPMENT CONTRIBUTIONS PLAN OVERLAY - SCHEDULE 1
Advantages:
-Plans and permits for two townhouses
-Corner block

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Property History for 117 Raglan St, Preston, VIC 3072

A timeline of how this property has performed in the market
Last Sold
02 Oct 2024
Listed for Rent
$480/w
25 Jan 2023
  • 24 Sep 2024
    Sold for $1,085,000
  • 31 Jul 2024
    Listed for Sale AUCTION $990,000 - $1,089,000.00
  • 25 Jan 2023
    Listed for Rent - Price not available
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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 38 properties listed for rent in Preston on OnTheHouse. According to CoreLogic's data, 771 properties were sold in the past 12 months in Preston.

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