31 Bruce Street, Preston, VIC 3072 | House for sale | OnTheHouse
 
FOR SALE
$2,000,000

31 Bruce Street
Preston VIC 3072

Bedrooms: 7
Bathrooms: 3
Car spaces: 2
Land area: 356m2
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HIGH-YIELD INVESTMENT OR YOUR OWN MASTERPIECE 7 BED, 3 BATH, 3 KITCHEN NEAR PRESTON STATION

Phone enquiries - please call 1300 594 794 and quote property ID 40842.
A rare opportunity for savvy investors or owner-occupiers seeking flexibility, this fully renovated 7-bedroom, 3-bathroom, 3-kitchen residence delivers exceptional returns in one of Melbourne's most connected inner-north locations.
Currently operating as a high-performing rooming house, the property returns an impressive $2,000 per week, making it a standout addition to any investment portfolio. Alternatively, with its generous scale and multiple self-contained living zones, it offers the perfect canvas to reconfigure into a spectacular single-family home or multi-generational residence.
Property highlights:
- 7 spacious bedrooms across a fully renovated floorplan
- 3 modern bathrooms
- 3 fully equipped kitchens, ideal for independent living arrangements
-Turn-key rooming house set-up with strong, proven rental income
- Flexible configuration – continue as-is or convert to a single dwelling
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Property Details for 31 Bruce St, Preston

31 Bruce St, Preston is a 7 bedroom, 3 bathroom House with 2 parking spaces. The property has a land size of 356m2. The place is currently for sale with No Agent Property.

Building Type
House
Land Size
356m2
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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 21,613 properties. Over the last 5 years, Houses in Preston have seen a -1.16% decrease in median value, while Units have seen a 7.18% increase. As at 31 July 2026:

  • The median value for Houses in Preston is $1,185,725 while the median value for Units is $645,689.
  • Houses have a median rent of $700 while Units have a median rent of $580.
There are currently 70 properties listed for sale, and 45 properties listed for rent in Preston on OnTheHouse. According to Cotality's data, 904 properties were sold in the past 12 months in Preston.

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