579 Plenty Road, Preston, VIC 3072 | Property Value & History | OnTheHouse
 
OFF MARKET

579 Plenty Road
Preston VIC 3072

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 165m2
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Property Details for 579 Plenty Rd, Preston

Building Type
Commercial
Land Size
165m2
Local Government
Darebin
Lot/Plan
120/LP2345

Last Listing description (May 2021)

Phone enquiry code for this property : 4338

Shopfront and dwelling in one. Perfect Home Office combination or development potential subject to Town planning.


Convenient location with tram at door step and only 11km to CBD and walking distance to trendy hotspots, cafes and inner city lifestyle.

2 Bedroom( or 1 with study) and Shopfront with funky kitchen / dining and bathroom in good condition. Off street secure carspace from rear.

Development concept plans are available for 6 story, 6 apartments plus a shop as well as an option for 2 x three story townhouses, plus shop. Contact me for concepts if interested.

Currently Vacant possession

Price is Plus GST which is re-reimbursed if registered for GST. Zoning Commercial 1 suitable for commercial and residential use with Design development overlay (Schedule 17) which allows development of the land up to maximum height of 20 m ( 6 Storeys) Commercial loan needs to be applied for.

Phone enquiry code for this property : 4338

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Property History for 579 Plenty Rd, Preston, VIC 3072

A timeline of how this property has performed in the market
Last Sold
$764,500
10 May 2021
  • 10 May 2021
    Sold for $764,500
  • 23 Sep 2020
    Listed for Sale $720,000 Plus Gst
  • 01 Oct 2019
    Listed for Sale Sale
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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 21,613 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 67 properties listed for sale, and 41 properties listed for rent in Preston on OnTheHouse. According to Cotality's data, 948 properties were sold in the past 12 months in Preston.

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