380 Plenty RoadPreston VIC 3072
Property Details for 380 Plenty Rd, Preston
Last Listing description (May 2026)
Positioned in one of Preston's most connected and high-growth corridors, this exceptional development site at 380 Plenty Road presents a rare opportunity to secure a fully considered multi-dwelling project with strong upside.
Set on a substantial allotment with approved plans for six architecturally designed townhouses, the hard work has already been done, allowing builders, developers and savvy investors to step straight into a ready-to-deliver project. The design showcases a well-balanced mix of functional layouts, incorporating spacious living zones, multiple bedrooms, private open spaces and secure garaging, all tailored to meet the demands of today's market.
The development comprises a thoughtfully planned configuration with a mix of double-storey residences, each designed to maximise natural light, street presence and internal flow. With modern faades and efficient floorplans, the project is perfectly suited for both resale and long-term investment strategies.
Located directly on Plenty Road, the property benefits from immediate access to tram routes, local shopping strips, Northland Shopping Centre, quality schools and parklands, all while being only moments from Preston Market and the CBD-bound transport options. This is a location that consistently performs and continues to see strong buyer demand.
Whether you're looking to build and sell, build and retain, or land bank with a permit in place, opportunities of this calibre in such a high-exposure position are increasingly hard to secure.
A turnkey development opportunity in the heart of Preston, ready for your next project.
Property History for 380 Plenty Rd, Preston, VIC 3072
- 20 Mar 2026Listed for Sale SALE $1,500,000 - $1,600,000
- 11 Dec 2010Sold for $746,000
Recent sales nearby
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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 21,606 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.
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