32 Wood StreetPreston VIC 3072
Property Details for 32 Wood St, Preston
32 Wood St, Preston is a 3 bedroom, 1 bathroom House with 2 parking spaces and was built in 1950. The property has a land size of 583m2 and floor size of 101m2. While the property is not currently for sale or for rent, it was last sold in December 2019.
Last Listing description (April 2024)
Welcome to this exceptional property located in a highly sought-after position in Preston, boasting a rare Residential Growth Zone status. Situated directly across the road from the renowned Northland Shopping Centre, this generous-sized 585 sqm (approx.) plot of land presents a remarkable opportunity to create a collection of architecturally designed townhouses that take full advantage of this prime location.
Key Features:
- Adjacent Northland Shopping Centre: Enjoy the convenience of having one of Melbourne's premier shopping destinations right on your doorstep, offering a wide range of retail outlets, dining options, and entertainment facilities.
- 600 Metres to Albert Road Bus: Commuting is a breeze with easy access to the Albert Road bus route, providing efficient public transportation options.
- High Street Central: The vibrant High Street precinct is just moments away, offering a diverse array of cafes, restaurants, boutique shops, and amenities.
- Proximity to Darebin Creek Trail: Nature enthusiasts will appreciate being a mere 100 meters away from the scenic Darebin Creek Trail, a picturesque path for walking, jogging, and cycling.
- Close to Local Schools: Families will benefit from the property's proximity to a selection of well-regarded local schools, ensuring excellent educational opportunities for children.
- Boutique Development Opportunity: This property presents a unique chance to embark on a boutique development project, utilizing the approved plans and permits for the construction of four exceptional townhouses.
Plans and Permits:
The property is being sold with approved plans and permits in place for the construction of four townhouses, designed to offer contemporary living spaces that cater to modern lifestyles. The plans include:
- 3 x 3-bedroom townhouses, each featuring three bathrooms, one car space, and a
dedicated study area.
- 1 x 2-bedroom townhouse, boasting two bathrooms, one car space, and two study
areas.
These thoughtfully designed townhouses ensure comfortable and stylish living arrangements, with attention to detail evident in every aspect of the architectural plans. The inclusion of study areas offers flexibility and versatility to cater to the needs of residents, whether for work, relaxation, or hobbies.
Don't miss this rare opportunity to secure a prime development site with approved plans and permits in an enviable location. Contact us now to explore the potential of this exceptional property and capitalize on its remarkable attributes.
Property History for 32 Wood St, Preston, VIC 3072
- 13 Dec 2019Sold for $720,000
- 26 Aug 2019Listed for Sale contact agent
- 01 Oct 1987Sold for $62,000
Recent sales nearby
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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 21,601 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:
- The median value for Houses in Preston is $1,235,570 while the median value for Units is $633,025.
- Houses have a median rent of $625 while Units have a median rent of $550.
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