1 Townhall Ave, Preston is a 3 bedroom, 1 bathroom House with 2 parking spaces. The property has a land size of 411m2 and floor size of 109m2. While the property is not currently for sale or for rent, it was last sold in June 2026. There are other 3 bedroom House sold in Preston in the last 12 months.
Footsteps from the tram on Plenty Road, a local convenience store, kinder and childcare, and with all the shopping and culinary offerings of High Street, the iconic Preston Market, and Preston Station within a short walk, this perfectly positioned, character-filled home presents a rare opportunity to secure an original classic, ready for a total transformation. Brimming with possibility, retained period character, including a return veranda, high ceilings, decorative fretwork, leadlight-style glazing, ornate cornices, deep skirting boards and striking fireplaces, enhances a blank canvas for those looking to renovate or completely reconfigure (STCA). Valuable rear laneway access, a highly sought-after feature, opens the door to a creative redesign and future value-adding enhancement. In a location defined by convenience and growth, this is an exceptional opportunity to capitalise on both position and potential in a dynamic precinct.
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 21,604 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:
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