3 Malpas St, Preston is a 3 bedroom, 2 bathroom House with 2 parking spaces and was built in 1960. While the property is not currently for sale or for rent, it was last sold in September 2022.
Supremely positioned in the heart of Preston, sitting on a 680m allotment with views of W.R. Ruthven V.C. Reserve, just footsteps from Northland Shopping Centre, lies a well-loved family home offering boundless potential. This humble property awaits your creative vision to either modernise or redevelop for a new chapter of luxurious living (STCA).
Currently presented as a 3 bedroom, 1 bathroom home, comprising an open plan lounge and dining, a central kitchen with meals and a convenient separate laundry. Features not to be overlooked include timber flooring, a fireplace, ducted heating, a Panasonic inverter ceiling fans, a detached rear bungalow, multiple garden sheds and storage, an extended driveway, carport plus garage.
Located opposite the green expanses of the local oval and only a short stroll to Northland Shopping Centre, Plenty Road cafes, eateries and trams, Preston North East Primary and Holy Name Primary. Enjoy easy proximity to Reservoir High School, Summerhill Shopping Centre, High Street strip, Preston Market, Preston Station, Darebin Creek Trail and La Trobe University.
This exciting prospect is one not to be missed, guaranteed to attract interest from both buyers wishing to settle into a family friendly locale and keen investors recognising the tantalising rewards of redevelopment.
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 21,599 properties. Over the last 5 years, Houses in Preston have seen a 19.15% increase in median value, while Units have seen a 13.68% increase. As at 31 December 2025:
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