5 Kathleen StreetPreston VIC 3072
Property Details for 5 Kathleen St, Preston
5 Kathleen St, Preston is a 3 bedroom, 2 bathroom House with 2 parking spaces. The property has a land size of 534m2. While the property is not currently for sale or for rent, it was last sold in October 2025. There are other 3 bedroom House sold in Preston in the last 12 months.
Last Listing description (October 2025)
Auction - This Saturday, 4th October - 11:00 am
Sitting on a generous 534 m² (approx) allotment with a 14 m frontage, this original three bedroom residence is ready to be transformed. Whether you’re a renovator looking to modernise and extend or a developer considering new homes or townhouses (STCA), the opportunity is undeniable. The existing home provides comfortable accommodation while you plan your project, and the level site invites creative design.
What makes the property truly compelling is its lifestyle location. Preston is about 9 km from Melbourne’s CBD and blends old world charm with contemporary amenities. It’s a suburb where fresh food shopping, arts and cafés draw locals daily.
The nearby Preston Market, Melbourne’s second largest fresh food market with around 120 traders offers everything from produce and deli goods to fashion. For fashion and big brand shopping, Northland Shopping Centre is only a few minutes away; it’s the largest predominantly single level shopping centre in Melbourne with more than 330 stores
Transport is another highlight. Trains from Bell and Preston stations, trams on Routes 86 and 11, and a network of buses make getting around effortless. The Mernda rail line provides a direct city link, while major roads connect to the airport in about 25 minutes.
For recreation, locals enjoy walks along the Darebin Creek Trail, picnics in the Darebin Parklands’ natural bushland and the shared walking/cycle paths through nearby streets.
High Street’s eclectic dining scene ranges from budget friendly eateries to sophisticated restaurants and vibrant cafés, while a thriving arts and music community adds further colour to the neighbourhood.
If you’re seeking a project site or a family home you can make your own, 5 Kathleen Street combines generous land with first class amenity, a rare opportunity in one of Melbourne’s most dynamic suburbs.
Contact Sahil Bhasin – 0403 630 215
Property History for 5 Kathleen St, Preston, VIC 3072
- 04 Oct 2025Sold for $1,070,000
- 08 Sep 2025Listed for Sale $850,000 - $920,000
- 18 Jun 1984Sold for $52,500
Recent sales nearby
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0About 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 21,595 properties. Over the last 5 years, Houses in Preston have seen a 19.31% increase in median value, while Units have seen a 14.23% increase. As at 31 January 2026:
- The median value for Houses in Preston is $1,255,002 while the median value for Units is $638,635.
- Houses have a median rent of $640 while Units have a median rent of $550.
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