Property Details for 208 Tyler St, Preston
208 Tyler St, Preston is a 3 bedroom, 1 bathroom Unit with 1 parking spaces. While the property is not currently for sale or for rent, it was last sold in June 2016.
Last Listing description (October 2023)
SHOP WITH RESIDENCE IN THE PRESTIGOUS OAKHILL ESTATE
- This tightly held hub is rapidly becoming gentrified with cafes and bars, with micro-breweries and funky diners opening in 2019
- Comprising two levels, the ground floor being a diner called "This Borderland" which has become an instant hit with its beautiful fit-out and quality food and beverage options and the second level consists of a 3 bedroom, 1 bathroom residence with the kitchen, dining, and living area situated at the rear of the ground level
- Features include polished floorboards, high ceilings, period details, city views, split-system air conditioning, and rear access via right of way with off-street parking.
- Property values in this area are climbing fast, so it's your chance to achieve rapid capital growth
- A rare and exciting opportunity to invest in the North's next big thing
- Secure 3 year lease in place with an attractive annual net yield of $39,183.48
- The tenants pay all outgoings
- The shop and dwelling could be leased separately or as one
- Potential to subdivide the shop and residence
- Land area of 201sqm approx
- Commercial 1 Zoning
- INVESTORS PLEASE NOTE:
- FOR SECURITY OF TENURE THE CURRENT TENANTS WILL CONSIDER EXTENDING THEIR CURRENT LEASE TERMS
Property History for 208 Tyler St, Preston, VIC 3072
- 23 Mar 2023Listed for Sale $910,000
- 06 Nov 2019Listed for Sale $990,000
- 29 Mar 2019Listed for Sale Contact Agent
Recent sales nearby
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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 21,596 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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