30 Cramer Street, Preston, VIC 3072 | Property Value & History | OnTheHouse
 
OFF MARKET

30 Cramer Street
Preston VIC 3072

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Land area: 1751m2
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Property Details for 30 Cramer St, Preston

Building Type
Land
Land Size
1751m2
Local Government
Darebin
Lot/Plan
144G/PP2796

Last Listing description (September 2021)

Savills is delighted to offer for sale this magnificent development site situated in a highly sought after position just metres from the bustling High Street precinct. This property represents a fantastic opportunity to acquire a prime corner development site within the rapidly evolving and highly sought after suburb of Preston with a recently approved permit for a striking 9 level mixed-use development. The key attributes of this fantastic property include:

- A high profile corner site of 1,761sq m*

- Extensive frontages to Cramer Street & St Georges Road
- Flexible Priority Development Zone 2
- Approved permit for a 'Hayball' designed project comprising 95 apartments (with majority 2 bedroom apartments) plus retail
- All apartments will enjoy high levels of natural light due to the corner position
- Potential for stunning views, including CBD views from the upper levels
- An ideal location just behind the High Street retail precinct, featuring the Preston Market, Aldi, Woolworths, and more
- Easy access to Preston Train Station plus St Georges Road trams, providing direct CBD access
- Preston just 8km* from the CBD is currently undergoing a boom in apartment development and seeing rapidly rising sales rates
- A high quality, permit approved development opportunity designed by renowned architects

The opportunity to secure such a prime development site in one of Melbourne's growth suburbs and key retail locations is incredibly rare, especially when you consider the proximity to quality retail amenity, public transport, size of the site, successful surrounding developments and planning approval for a spectacular mixed use development.

For further information, please contact:

Benson Zhou - 0458 488 888
Julian Heatherich - 0412 995 655

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Property History for 30 Cramer St, Preston, VIC 3072

A timeline of how this property has performed in the market
Last Transferred
05 Jun 2025
  • 05 Jun 2025
    Transferred
  • 24 Aug 2017
    Sold for $8,000,000
  • 25 Jul 2017
    Listed for Sale EOI Closing Wednesday 23 August at 2pm
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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 21,593 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 61 properties listed for sale, and 36 properties listed for rent in Preston on OnTheHouse. According to Cotality's data, 943 properties were sold in the past 12 months in Preston.

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Cotality Copyright and Legal Disclaimers about Property Data

© Copyright 2026. 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.

Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.

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