281 Raglan Street, Preston, VIC 3072 | Property Value & History | OnTheHouse
 
OFF MARKET

281 Raglan Street
Preston VIC 3072

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 118m2
Land area: 1022m2
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Property Details for 281 Raglan St, Preston

Building Type
Land
Floor Size
118m2
Land Size
1022m2
Local Government
Darebin
Lot/Plan
2/PS342542

Last Listing description (July 2023)

Landmark Development Site

Rare development site of 1010 sqm*

Suit high-density project
1.5 kms* to Preston Station

Exceptional opportunity in a Commercial 1 Zone

CRS Property is delighted to offer For Sale via Expressions of Interest this substantial development site enjoying an ideal location in one of Melbourne's in-demand northern suburbs. Preston is experiencing transformational growth, with apartment-style living to cater for population growth.

A blank canvass site, which is prime for development, the site is favourably positioned with Preston Station only 1.5kms* away. This high-profile location on Raglan Street provides excellent access to major arterials and is minutes from major supermarkets, the Preston Market and the shopping strip in High Street.

The opportunity:

Potential development site of 1010 sqm*
Commercial 1 Zone
Expansive frontage of 24 m* to Raglan Street

The location:

Prime position 9 km* from Melbourne CBD
1.5 km distance to Preston Station
Short walk to Woolworths and Aldi supermarkets and Preston Market
Easy access to key arterials: St Georges Road/Spring Street, High Street, Bell Street.
Cosmopolitan shopping and eateries in nearby High Street
Close proximity to Northland Shopping Centre

For further details please contact:
Ross Mercorillo - 0418 227 354 or Lou Montalti - 0488 553 455

* denotes approx

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Property History for 281 Raglan St, Preston, VIC 3072

A timeline of how this property has performed in the market
Last Sold
$159,000
30 Apr 1999
  • 22 May 2023
    Listed for Sale POA Contact Agent
  • 30 Apr 1999
    Sold for $159,000
  • 25 Aug 1995
    Sold for $155,000
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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.
There are currently 63 properties listed for sale, and 37 properties listed for rent in Preston on OnTheHouse. According to Cotality's data, 947 properties were sold in the past 12 months in Preston.

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© Copyright 2025. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

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