4 Walter Street, Preston, VIC 3072 | House for sale | OnTheHouse
 
FOR SALE
EOI $1,200,000 - $1,300,000

4 Walter Street
Preston VIC 3072

Bedrooms: 3
Bathrooms: 1
Car spaces: 2
Land area: 467m2
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EOI Ending Tue 29 Sep 5pm | A Blank Canvas for Your Preston Vision

Nestled in a quiet, tightly-held pocket of Preston, this solid three-bedroom, one-bathroom home sits on an approximate 467sqm allotment with a generous frontage. A rare offering for astute buyers, growing families, or investors alike.
Presented with genuine period charm. Inside, the home retains much of its original character, offering a wonderful opportunity to update, renovate, or extend (STCA) to create your dream family home, while the substantial block size also presents exciting potential to reconfigure or add further living space to truly maximise the site's value. Whether you choose to move straight in, renovate room by room, or explore your development options, this is a rare chance to secure a footprint of this size so close to everything Preston has to offer.
Positioned within easy reach of everyday convenience, the property is moments from High Street's vibrant strip of cafes, restaurants and shops, and the ever-popular Preston Market for fresh produce and specialty goods. Commuters are well served with Preston station on the Mernda line nearby, along with regular tram and bus services connecting you to the CBD. Families will appreciate the proximity to respected schools including Preston Primary School and Preston High School, while nearby parks and reserves offer wonderful options for walking and outdoor recreation. A fantastic opportunity in a location that truly has it all.
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Property Details for 4 Walter St, Preston

4 Walter St, Preston is a 3 bedroom, 1 bathroom House with 2 parking spaces. The property has a land size of 467m2. The place is currently for sale with Ray White Preston.

Building Type
House
Land Size
467m2
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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 21,619 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 71 properties listed for sale, and 55 properties listed for rent in Preston on OnTheHouse. According to Cotality's data, 908 properties were sold in the past 12 months in Preston.

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George Gimelli
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Grace Scardamaglia
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Ray White Preston
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