138 High StreetPreston VIC 3072
Property Details for 138 High St, Preston
138 High St, Preston is a 2 bedroom, 2 bathroom House with 4 parking spaces. The property has a land size of 228m2. While the property is not currently for sale or for rent, it was last sold in July 2013.
Last Listing description (December 2025)
Jones Real Estate is proud to present 'Orrizon' at 138 High Street, Preston - a brand new, masterfully designed 5-level freestanding mixed-use freehold, available For Sale via Expressions of Interest closing Wednesday 17th Decemeber at 12:30pm (AEDT). Positioned in the heart of Preston's flourishing High Street precinct, this rare and refined city-fringe opportunity combines striking design, luxury finishes, and ultimate versatility across five meticulously crafted levels. 'Orrizon' stands as a statement in modern urban living and boutique commercial appeal, offering vacant possession across a diversified mixed-use profile.Key features include:- Striking five-level freestanding mixed-use freehold featuring 4 tenancies, architecturally crafted with a refined blend of scale, elegance, and elevated inner-north living.- Diversified and design-led, the property offers exceptional flexibility with multiple income streams, including ground-floor commercial spaces, 3 premium residential apartments, and a luxury 2-level penthouse. The asset also features a spacious ground-floor garage with capacity for 6 cars.- Outstanding value-add potential to acquire under a single title and unlock future upside by selling down individual residences at retail value (STCA).- Each residence has been thoughtfully designed with generous layouts and premium finishes, crafted to suit a wide variety of occupant profiles - from professionals and downsizers to long-term renters.- This refined, high-quality asset offers the prestige and control of whole-building ownership within one of Melbourne's most dynamic and sought-after lifestyle precincts.- Walkable lifestyle location surrounded by award-winning venues including Moon Dog World, Tallboy & Moose, Stray Neighbour and Preston Market.- Only 7.9km* from Melbourne CBD, this property offers seamless connectivity. Just 270m* to Bell Station, a bus stop located directly outside the property and surrounded by major arterials such as Bell St, Plenty Rd and St Georges Rd.- 7m* frontage to High St plus R.O.W laneway access, enhancing flexibility for future redevelopment, subdivision or alternative commercial uses (STCA).*Approx.For further information or to arrange a private inspection, please contact the exclusive selling agents at Jones Real Estate.Disclaimer: Sizes and dimensions described are approximate. Parties should not rely on the information contained within this summary; we recommend seeking professional advice before proceeding.
Property History for 138 High St, Preston, VIC 3072
- 27 Nov 2025Listed for Sale Contact Agent
- 27 Jul 2013Sold for $725,000
- 21 Jun 2013Listed for Sale SOLD - $725,000
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0About 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 21,596 properties. Over the last 5 years, Houses in Preston have seen a 15.62% increase in median value, while Units have seen a 12.69% increase. As at 30 November 2025:
- The median value for Houses in Preston is $1,220,339 while the median value for Units is $635,220.
- Houses have a median rent of $620 while Units have a median rent of $550.
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