50 Harrow St, Preston is a 3 bedroom, 1 bathroom House with 4 parking spaces. The property has a land size of 697m2. While the property is not currently for sale or for rent, it was last sold in September 2025. There are other 3 bedroom House sold in Preston in the last 12 months.
Perfectly placed in a blue-chip Preston location, 50 Harrow Street offers a rare opportunity to secure a prime landholding with approved plans for three townhouses. This exciting prospect presents the ideal foundation for developers, builders, or visionary buyers to bring to life a boutique project in one of Melbourne's most tightly held and well-connected suburbs. With thoughtfully designed plans already in place, the groundwork has been laid for a development that will appeal strongly to modern families, young professionals, and downsizers seeking stylish, low-maintenance living.
The location is equally as compelling as the opportunity itself. With Preston Market not too far away, residents will have Melbourne's most vibrant fresh food hub at their doorstep, complemented by the lively café culture, eateries, and shopping along High Street. Excellent public transport options are close by, including Preston Station and Tram 86 (Plenty Road), ensuring fast and convenient access to the CBD and surrounding suburbs. Families will appreciate the wide choice of nearby schools, while local parks, walking trails, and sporting reserves add to the strong lifestyle appeal. Northland Shopping Centre and Summerhill Shopping Centre are also within easy reach, providing a further mix of retail and entertainment options.
Beyond the location, the property's generous proportions and wide frontage offer excellent scope for building with style and efficiency, while the plans ensure a design that is practical, attractive, and suited to the strong buyer demand in the area. The potential to create three modern townhouses in such a sought-after address presents a chance to secure strong resale value or long-term rental returns in a market that consistently delivers growth.
Opportunities of this calibre rarely come to market in such a desirable pocket. Combining an enviable address, ready-to-go plans, and the promise of excellent rewards, 50 Harrow Street represents a project of true potential and lasting appeal. For those ready to act, it's a chance to make their mark in Preston's thriving property landscape and deliver a boutique development that will be highly sought after for years to come.
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 21,602 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:
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