HIGH-VALUE 941SQM, SEVEN TOWNHOUSE APPROVAL, ENDLESS OPPORTUNITY
APPROVED SEVEN TOWNHOUSE SITE, WALK TO SCHOOLS, TRANSPORT AND SHOPS.
With planning approval for seven ultra-modern townhouses utilising the latest design trends, this exceptional Preston development opportunity lends itself to a variety of uses for both families and builders. In the heart of the action with a fantastic village vibe and occupying a generous 941sqm, the high-value site is walking distance to schools, public transport and convenient everyday shopping.
Take full advantage of the extra-large allotment to build the home that you've always wanted.
Just think what you could do with all that land including a luxurious outdoor area, alfresco dining and a swimming pool (STCA).
Better still, if you don't want to pursue the current planning approval, subdivide into two, three or four lots and build larger homes, or sell off the blocks themselves, the opportunities are endless.
Hit the ground running and make an immediate impact, the amenity-rich locale is walking distance to Newlands Primary School, Reservoir West Primary School, Coburg Hill Shopping Centre, Edgards Creek walking trails and Gilbert Road trams.
You're also moments from Regent and Preston stations, Preston Market, vibrant High Street cafes, restaurants and retail therapy.
Take full advantage of the extra-large allotment to build the home that you've always wanted.
Just think what you could do with all that land including a luxurious outdoor area, alfresco dining and a swimming pool (STCA).
Better still, if you don't want to pursue the current planning approval, subdivide into two, three or four lots and build larger homes, or sell off the blocks themselves, the opportunities are endless.
The current multiple-dwelling permit utilises industry-leading architectural principles.
At the forefront of residential design, showcasing innovative interiors with high-end finishes, each of the three-bedroom residences comes with two basement car spaces (see agent for detailed plans).
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 21,010 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:
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