283 Bell StreetPreston VIC 3072
Property Details for 283 Bell St, Preston
283 Bell St, Preston is a 3 bedroom, 1 bathroom House with 1 parking spaces and was built in 1970. The property has a land size of 464m2 and floor size of 119m2. While the property is not currently for sale or for rent, it was last sold in January 2025.
Last Listing description (March 2025)
Development Potential with Rental Income or Renovation Dream for First Home Buyers
Unlock the potential of this premium site in a vibrant and highly sought-after location. This property offers developers an unparalleled opportunity to create something truly special, while also being ideal for first home buyers looking to renovate and make it their own.
Key Features:
- Strategic Location: Situated on bustling Bell Street, with easy access to public transport, shopping precincts, and major arterial roads.
- Strong Rental Yield: The existing structure provides excellent rental income, offering immediate cash flow as you plan your development or renovation.
- Endless Possibilities: Developers can retain and renovate or redevelop into a lucrative multi-residential project, while first home buyers have the chance to transform this property into their dream home.
- High Demand Area: Preston's rapid growth and transformation make this a prime spot for residential or mixed-use development, with strong appeal to both investors and homeowners.
This is a rare chance to secure a significant piece of Preston's future. Whether you're a developer seeking a profitable project or a first home buyer eager to create your perfect space, this property offers the best of both worlds.
Land size: 453m2 approx
Deposit: 10% of the purchase price
Settlement preference: 45/60/90 days
Rental assessment: $480-$520 per week (currently leased at $491 per week)
Property History for 283 Bell St, Preston, VIC 3072
- 20 Jan 2025Sold for $880,000
- 29 Aug 2024Listed for Sale $800,000 - $850,000
- 14 Sep 2023Listed for Sale $900,000 - $990,000
Recent sales nearby
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0About Preston 3072
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 21,603 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:
- The median value for Houses in Preston is $1,197,462 while the median value for Units is $641,823.
- Houses have a median rent of $700 while Units have a median rent of $570.
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