13 Emerald Street, Preston, VIC 3072 | House for sale | OnTheHouse
 
FOR SALE
AUCTION $950,000 - $1,045,000

13 Emerald Street
Preston VIC 3072

Bedrooms: 3
Bathrooms: 1
Car spaces: 4
Land area: 495m2
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Auction Time
Sat 30 May 10:00 am
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Preston Gem with Immediate Development Upside

Positioned in one of Preston's most tightly held and consistently evolving pockets, 13 Emerald Street presents an outstanding opportunity to secure a substantial 495sqm (approx.) allotment with significant future upside and immediate versatility. Offering approved plans and permits for two side-by-side townhouses, this is a rare chance to step straight into a ready-to-go development project in a location where demand for quality new homes continues to surge.
For developers, the hard work has already been done. With plans in place, the site is primed for a streamlined build process, allowing you to capitalise on Preston's strong sales market and ongoing gentrification. The proposed dual-occupancy design maximises the land's potential while aligning perfectly with the surrounding streetscape of quality homes and modern developments.
However, this property is not limited to developers alone. Homebuyers will also immediately recognise the appeal of the existing residence, which provides comfortable and functional living with the flexibility to move straight in, update over time, or simply enjoy as a well-located home in its own right. Renovators will see the opportunity to transform and enhance the current dwelling, further adding value in a high-growth suburb.
The generous land size of approximately 495sqm provides a rare sense of space for the area, offering options that are increasingly hard to find in Preston. Whether you choose to redevelop, renovate, or retain and landbank, the flexibility here is a standout feature.
Perfectly positioned, the home enjoys excellent access to local amenities including reputable schools, parklands, transport options and the vibrant retail and café precincts that Preston is known for. With High Street, Northland Shopping Centre and key transport links all within easy reach, the lifestyle convenience on offer is exceptional, further enhancing long-term desirability.
This is a property that truly caters to a wide range of buyers-developers seeking a ready-to-go project, investors chasing strong growth fundamentals, or homebuyers wanting to secure a foothold in a premium inner-north location with outstanding future potential.
Opportunities of this calibre, combining approved plans, generous land size and an exceptional location, are increasingly rare in Preston.
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Property Details for 13 Emerald St, Preston

13 Emerald St, Preston is a 3 bedroom, 1 bathroom House with 4 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. It has 30 parks covering nearly 4.7% of 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 21,546 properties. Over the last 5 years, Houses in Preston have seen a 2.87% increase in median value, while Units have seen a 12.12% increase. As at 30 April 2026:

  • The median value for Houses in Preston is $1,194,642 while the median value for Units is $654,145.
  • Houses have a median rent of $700 while Units have a median rent of $550.
There are currently 71 properties listed for sale, and 47 properties listed for rent in Preston on OnTheHouse. According to Cotality's data, 930 properties were sold in the past 12 months in Preston.

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Ian Dempsey
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Ethan Maratheftis
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Ray White Preston
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