13 Malcolm Street

Preston VIC 3072

Presenting an exceptional opportunity for homeowners, investors and developers, this charming three-bedroom residence sits on a generous allotment in a well-connected pocket of Preston. Combining original character with exciting future possibilities, the property offers comfortable living today and outstanding potential for tomorrow.Inside, the home showcases beautiful timber floorboards, high ceilings and an abundance of natural light. The spacious living room features gas heating and an exposed brick fireplace surround, while the original kitchen offers ample cabinetry and functional space. Three well-proportioned bedrooms are complemented by a central bathroom, separate laundry and a versatile study, ideal for working from home.Outside, the expansive backyard provides plenty of open space, alongside a substantial garage/workshop with additional storage. A standout feature is the endorsed plan & permit to add a new double storey, 3-bedroom townhouse at the back of the property. This exciting opportunity allows buyers to explore the potential of creating a second residence while retaining the existing home, subject to the endorsed plans and permit conditions.Ideally positioned in a convenient pocket of Preston, the property is just moments from Coburg Hill Shopping Centre, offering easy access to Woolworths, specialty stores and everyday essentials. Families will appreciate the proximity to Newlands Primary School, St Raphael's Primary School and Coburg High School.Enjoy nearby parklands, including Jacka Reserve, along with Coburg Olympic Swimming Pool, local playgrounds and recreational facilities. Gilbert Road trams and nearby bus services provide convenient public transport connections, while the vibrant cafs, restaurants and shopping precincts of Coburg and Preston are within easy reach. The nearby Pentridge precinct adds further appeal with its cinema, dining and entertainment options.Whether you're looking to renovate, invest or capitalise on the existing development approval, this is an outstanding opportunity to secure a property with flexibility, character and long-term potential in a highly desirable location.Key Features Land: Generous 585m (approx.) allotment with development potential. Endorsed Plans & Permit: Approval for a new double-storey, three-bedroom townhouse at the rear. Bedrooms: Three well-proportioned bedrooms with natural light. Living: Spacious lounge featuring timber floors and gas heating. Kitchen: Original kitchen with ample cabinetry and functional layout. Bathroom: Central bathroom with shower, vanity and toilet. Study: Separate study, ideal for a home office. Flooring: Beautiful original timber floorboards throughout. Laundry: Separate laundry facilities with additional toilet. Outdoor Space: Expansive backyard with established greenery. Garage/Workshop: Substantial garage with additional storage space. Location: Close to Coburg Hill Shopping Centre, schools, parks and public transport. Schools: Near Newlands Primary, St Raphael's Primary and Coburg High School. Investment Appeal: Opportunity to retain the existing residence and develop the rear in accordance with approved plans.A character-filled home with an exciting development opportunity in one of Preston's convenient residential pockets.