161 Dundas Street, Preston, VIC 3072 | House for sale | OnTheHouse
 
FOR SALE
AUCTION $1,100,000 - $1,200,000

161 Dundas Street
Preston VIC 3072

Bedrooms: 3
Bathrooms: 1
Car spaces: 4
Land area: 693m2
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Auction Time
Sat 15 Aug 10:00 am
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Invest in Location. Capitalise on Potential.

Positioned on the highly coveted Preston-Thornbury border, this exceptional 693sqm (approx.) allotment presents an increasingly rare opportunity to secure premium real estate in one of Melbourne's most tightly held and consistently high-performing pockets. Offering the value of a Preston address with the lifestyle and prestige of neighbouring Thornbury, this is an outstanding opportunity for investors, developers (STCA), renovators and land bankers looking to capitalise on a blue-chip location.
The existing three-bedroom residence offers a solid foundation for those looking to renovate and add value, while the substantial landholding opens the door to endless future possibilities (STCA). Complete with multiple living spaces, extensive garage and workshop facilities, and ample off-street parking, the property provides the flexibility to transform, rebuild or redevelop in a location where opportunities of this scale are becoming increasingly scarce.
What truly sets this property apart is its unbeatable lifestyle location. Just moments from the vibrant High Street precinct, you'll find an endless selection of renowned cafes, restaurants, wine bars and boutique shopping right at your doorstep. Tram Route 86 along Plenty Road is only a short stroll away, providing seamless access to the CBD and surrounding suburbs, while nearby train stations and major arterial roads make commuting effortless.
Families will appreciate the excellent educational options, with Penders Grove Primary School just a short walk away, along with the high regarded thornbury high school.
Whether you're looking to renovate, invest, land bank for the future or secure a premium development opportunity (STCA), 161 Dundas Street delivers the perfect combination of location, land size and long-term capital growth potential. A rare offering where Preston affordability meets the highly sought-after Thornbury lifestyle-this is an opportunity not to be missed.
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Property Details for 161 Dundas St, Preston

161 Dundas St, Preston is a 3 bedroom, 1 bathroom House with 4 parking spaces. The property has a land size of 693m2. The place is currently for sale with Ray White Preston.

Building Type
House
Land Size
693m2
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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 21,612 properties. Over the last 5 years, Houses in Preston have seen a 2.00% increase in median value, while Units have seen a 7.96% increase. As at 30 June 2026:

  • The median value for Houses in Preston is $1,201,443 while the median value for Units is $647,230.
  • Houses have a median rent of $700 while Units have a median rent of $575.
There are currently 68 properties listed for sale, and 36 properties listed for rent in Preston on OnTheHouse. According to Cotality's data, 885 properties were sold in the past 12 months in Preston.

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Ian Dempsey
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Anthony Pasinetti
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Ray White Preston
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