28 Murphy Grove, Preston, VIC 3072 | House for sale | OnTheHouse
 
FOR SALE
Sale: $1,100,000 - $1,200,000

28 Murphy Grove
Preston VIC 3072

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
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Rare Preston Double Play: Character Home and Permits for 3 Townhouses

Whether you're looking to renovate a classic, land-bank for the future, or break ground immediately on a high-end development, 28 Murphy Grove is the "unicorn" you've been searching for. This property offers the best of both worlds: a charming, liveable weatherboard home and endorsed plans and permits for three stunning, architecturally designed townhouses.
The Project: Shovel-Ready Excellence
Skip the years of planning stress. The hard work has been done, with endorsed plans ready for a sophisticated triple-townhouse development:
• Modern Architectural Design: Striking vertical cladding and elegant pitched roofs ensure these residences will be the talk of the street.
• Seamless Living: Each home is designed with an emphasis on light, featuring floor-to-ceiling glass and seamless transitions to private outdoor zones.
• Smart Site Utilisation: The layout maximises the deep allotment, providing privacy and generous landscaped courtyards for every residence.
The Residence: Classic Charm & Immediate Comfort
While you finalise your builders, enjoy a highly rentable or liveable character home filled with period details:
• Period Features: Polished timber floorboards, high ceilings, and ornate ceiling roses throughout.
• Flexible Floor Plan: Features two large bedrooms-a master (4.0m x 3.6m) and a second bedroom (3.3m x 3.1m)-both offering ample space.
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Property Details for 28 Murphy Gr, Preston

28 Murphy Gr, Preston is a 2 bedroom, 1 bathroom House with 1 parking spaces. The place is currently for sale with Ray White Reservoir.

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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 21,617 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 74 properties listed for sale, and 42 properties listed for rent in Preston on OnTheHouse. According to Cotality's data, 952 properties were sold in the past 12 months in Preston.

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Keb Nguyen
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Rodney Eldridge
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