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Sold on 01 Mar 2024 - Price Unavailable

3 Furzer Street
Preston VIC 3072

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 941m2
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Property Details for 3 Furzer St, Preston

Building Type
Land
Land Size
941m2

Last Listing description (March 2024)

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).

Property History for 3 Furzer St, Preston, VIC 3072

A timeline of how this property has performed in the market
Last Sold
01 Mar 2024
  • 27 Feb 2024
    Sold for $1,380,000
  • 27 Jul 2023
    Listed for Sale $1,425,000
  • 06 Mar 2020
    Sold for $1,400,000
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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 21,010 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:

  • 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 69 properties listed for sale, and 44 properties listed for rent in Preston on OnTheHouse. According to CoreLogic's data, 784 properties were sold in the past 12 months in Preston.

Suburb Insights for Preston 3072

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Contact agent
Alice Rossi
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Andrew Mizzi
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Ray White Bundoora
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Disclaimer
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.