31 St Georges Road, Preston, VIC 3072 | Property Value & History | OnTheHouse
OFF MARKET

31 St Georges Road
Preston VIC 3072

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Land area: 764m2
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Property Details for 31 St Georges Rd, Preston

31 St Georges Rd, Preston is a 1 bedroom, 1 bathroom House with 1 parking spaces. The property has a land size of 764m2.

Building Type
House
Land Size
764m2
Local Government
Darebin
Lot/Plan
2/TP538697

Last Listing description (October 2025)

An offering of this calibre is rarely seen-strategically positioned, highly versatile, and brimming with untapped potential. This exceptional corner allotment, spanning approximately 764 square metres, is primed for a range of high-yield development outcomes (Subject to Council Approval).

Whether you're a seasoned developer, a savvy investor, or an ambitious buyer with a bold vision, this site presents the ideal canvas to bring your next project to life.

Key Highlights:

Rare Mixed-Use Zoning
Unlocks a broad spectrum of development possibilities-residential, commercial, or a combination of both (S.T.C.A.)
Strategic Corner Allotment
Maximizes exposure, access, and design flexibility-ideal for high-impact developments
Generous Land Holding
Approx. 760sqm of flat, usable land-ready for large-scale or multi-use projects
Petrol Station Potential (S.T.C.A.)
The site's visibility and access make it a strong candidate for fuel and service-based infrastructure
Contaminated Soil Testing & Disposal Certification Completed
Site has already undergone certified contaminated soil testing and disposal-streamlining the planning process for petrol station or similar developments and ensuring compliance with environmental standards
Unbeatable Location

Situated in the dynamic and fast-growing suburb of Preston, within close proximity to:

o Public transport (bus, tram, and train services)
o Vibrant shopping precincts and dining hubs
o Parklands and recreational facilities
o Highly regarded local schools and amenities

Due Diligence Ready
Comes with a comprehensive soil test report to accelerate planning and reduce preliminary costs

This is more than just land-it's a gateway to opportunity in one of Melbourne's most vibrant growth corridors. Whether you're considering a residential complex, retail strip, office suites, or a service station, the flexible zoning and outstanding location provide the perfect foundation for success.

Property History for 31 St Georges Rd, Preston, VIC 3072

A timeline of how this property has performed in the market
  • 28 Apr 2025
    Listed for Sale Contact Agent - By Appointment
  • 04 Apr 2018
    Listed for Sale $1,700,000
  • 27 Jul 2016
    Listed for Sale Not Disclosed
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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 21,618 properties. Over the last 5 years, Houses in Preston have seen a 8.24% increase in median value, while Units have seen a 11.16% increase. As at 31 March 2026:

  • The median value for Houses in Preston is $1,228,630 while the median value for Units is $652,709.
  • Houses have a median rent of $695 while Units have a median rent of $550.
There are currently 71 properties listed for sale, and 47 properties listed for rent in Preston on OnTheHouse. According to Cotality's data, 940 properties were sold in the past 12 months in Preston.

Suburb Insights for Preston 3072

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Cotality Copyright and Legal Disclaimers about Property Data
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.