1/140 Plenty RoadPreston VIC 3072
Property Details for 1/140 Plenty Rd, Preston
Last Listing description (May 2022)
An outstanding investment in your future, this multipurpose building represents the ultimate opportunity to secure a prime corner freehold in a highly regarded and tightly held pocket of Preston. Footsteps to cafes, eateries, the tram, Preston South shopping Mall and Woolworths, and passed by trams, buses, bikes, cars and foot traffic this allotment is improved by business space on the ground floor, while the first floor introduces a spacious one bedroom apartment. The ideal set and forget investment with all the advantages of double stream rental income and capital growth, it will also suit those looking to enjoy a 30 second trip to work, without it impacting their home life!
Currently dual rental leases are in place (Month to Month) Market Value for rental, price has not been increase due to COVID
- Upstairs Residential lease
Shop - Commercial 1 Zoning
60m2 (approx) portioned into three treatment rooms (easily removed)
Full bathroom
Kitchenette
New Floating floor
Dwelling
Private access from Flett Street
Lock up internal access between shop and dwelling
Garage (access from Flett Street)
Single large bedroom
Bathroom
Dedicated room for large laundry
Open plan living with stone finished AEG equipped oven
Entertainer's balcony
Tenants in place, but can be sold with vacant position
Due diligence checklist - for home and residential property buyers
http://www.consumer.vic.gov.au/duediligencechecklist
Property History for 1/140 Plenty Rd, Preston, VIC 3072
- 24 Apr 2022Sold for $850,000
- 06 May 2021Listed for Sale $900,000 - $950,000
- 16 Apr 2020Listed for Rent $21,000 / year
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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 21,613 properties. Over the last 5 years, Houses in Preston have seen a 8.24% increase in median value, while Units have seen a 11.16% increase. As at 31 March 2026:
- The median value for Houses in Preston is $1,228,630 while the median value for Units is $652,709.
- Houses have a median rent of $695 while Units have a median rent of $550.
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