11 Emerald Street, Preston, VIC 3072 | House for sale | OnTheHouse
 
FOR SALE
EOI $870,000 - $920,000

11 Emerald Street
Preston VIC 3072

Bedrooms: 3
Bathrooms: 1
Car spaces: 1
Land area: 495m2
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EOI Ending Fri 17 Jul 5pm | Vision, Lifestyle and Unlimited Potential

Positioned within one of Preston's most sought-after and rapidly evolving pockets, this exceptional opportunity presents a range of possibilities for buyers looking to secure a foothold in a location renowned for its lifestyle appeal, connectivity and long-term growth.
Whether you're looking to build your dream family home, undertake a renovation and create something truly special, or explore the site's future development potential (STCA), this is the type of opportunity that continues to attract strong interest from homebuyers, builders, investors and developers alike. Further enhanced by its General Residential Zone Schedule 2 (GRZ2) zoning, the property offers additional appeal for those seeking flexibility and future opportunities within a highly desirable residential precinct.
The property's appeal lies in its flexibility. Families will recognize the opportunity to create a home tailored entirely to their own vision and lifestyle, while those with an eye for renovation can unlock the full potential of the existing residence and add significant value over time. Developers and investors will equally appreciate the opportunity to capitalize on a location that continues to experience strong demand and ongoing transformation.
The location only strengthens the appeal. Situated moments from Preston Market, High Street's renowned café and dining precinct, local schools, parklands and public transport, the property offers the convenience and lifestyle attributes that modern buyers continue to seek. Easy access to major arterials and the CBD further enhances its long-term desirability.
As Preston continues to establish itself as one of Melbourne's most desirable inner-northern destinations, opportunities that offer this level of flexibility and future potential are becoming increasingly difficult to secure. Whether your vision is to renovate, rebuild, develop or invest (STCA), this represents an exciting opportunity to create lasting value in a highly sought-after location.
A rare opportunity where vision, location and future potential come together.
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Property Details for 11 Emerald St, Preston

11 Emerald St, Preston is a 3 bedroom, 1 bathroom House with 1 parking spaces. The property has a land size of 495m2. The place is currently for sale with Ray White Preston.

Building Type
House
Land Size
495m2
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About Preston 3072

The size of Preston is approximately 11.5 square kilometres. There are 30 parks, covering nearly 4.7% of the total area. The population of Preston in 2016 was 32851 people. By 2021 the population was 33790 showing a population growth of 2.9% 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 2021, 57.30% of the homes in Preston were owner-occupied compared with 56.70% in 2016.

Preston has 21,606 properties. Over the last 5 years, Houses in Preston have seen a 1.25% increase in median value, while Units have seen a 9.04% increase. As at 31 May 2026:

  • The median value for Houses in Preston is $1,197,462 while the median value for Units is $641,823.
  • Houses have a median rent of $700 while Units have a median rent of $570.
There are currently 75 properties listed for sale, and 51 properties listed for rent in Preston on OnTheHouse. According to Cotality's data, 943 properties were sold in the past 12 months in Preston.

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Ian Dempsey
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Samuel Benavides
Ray White Preston
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