552-554 Plenty Road, Preston, VIC 3072 | House for sale | OnTheHouse
 
FOR SALE
UNDER OFFER

552-554 Plenty Road
Preston VIC 3072

Bedrooms: 4
Bathrooms: 1
Car spaces: 3
Land area: 569m2
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Prime Preston Allotment with Strong Future Potential (STCA)

Located in the heart of Preston, this substantial allotment presents a rare combination of pace, comfort, and long-term potential, appealing to investors, developers, and owner occupiers alike.
The existing home is well presented and ready to move straight in, offering immediate liveability with scope to further enhance over time. Whether enjoyed as is or gradually updated to suit your personal style, it provides a solid foundation and a home with genuine future potential.
Set on a generous parcel of land, the property also offers exciting possibilities for those looking to capitalise on its size and position (STCA). The flexibility of the site allows you to consider future plans at your own pace, making it an ideal opportunity for both now and later.
The property is located within the Residential Growth Zone, supporting its long term potential and adding further appeal for those considering future development (STCA), with planning intent that encourages increased housing density in well connected areas.
Positioned within easy reach of a strong selection of schools including primary and second-ary options, as well as local childcare and early learning centres, the property is well suited to families. Everyday convenience is also well catered for with nearby shopping precincts, cafés, supermarkets, and recreational spaces, along with excellent public transport options including train and tram services providing direct access to the CBD and surrounding suburbs.
Primary school options include:
? Preston South Primary School
? Preston West Primary School
? Bell Primary School
Secondary school options include:
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Property Details for 552-554 Plenty Rd, Preston

552-554 Plenty Rd, Preston is a 4 bedroom, 1 bathroom House with 3 parking spaces. The property has a land size of 569m2. The place is currently for sale with Ray White Northcote.

Building Type
House
Land Size
569m2
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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 21,603 properties. Over the last 5 years, Houses in Preston have seen a 1.25% increase in median value, while Units have seen a 9.04% increase. As at 31 May 2026:

  • The median value for Houses in Preston is $1,197,462 while the median value for Units is $641,823.
  • Houses have a median rent of $700 while Units have a median rent of $570.
There are currently 72 properties listed for sale, and 40 properties listed for rent in Preston on OnTheHouse. According to Cotality's data, 940 properties were sold in the past 12 months in Preston.

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John Catanzariti
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Olivia Stavrou
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Ray White Northcote
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