641 High Street, Preston, VIC 3072 | Property Value & History | OnTheHouse
 
OFF MARKET

641 High Street
Preston VIC 3072

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 520m2
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Property Details for 641 High St, Preston

Building Type
Land
Land Size
520m2
Local Government
Darebin
Lot/Plan
1/TP615627

Last Listing description (February 2024)

Ray White Commercial - Preston and NSL Property Group, as joint exclusive selling agents, are pleased to offer 641-643 High Street Preston, For Private Sale, by negotiation.

Preston, which is located 11 kms* from the Melbourne CBD, has a lively mix of new and long term residents buying fresh produce at the renowned Preston Market, socialising and soaking up the atmosphere and multicultural vibes at a myriad of local restaurants and cafes, and partaking of the many popular local takeaway and artisan products available.

This vacant site in the heart of Preston's premier retail precinct is ripe for redevelopment (STCA).

Positioned in an established and exclusive retail precinct only minutes from Murray Road and Regent Streets, the site offers a highly flexible Priority Development - Schedule 2 Zoning. It is also 2 kms* from Northland Shopping Centre, which features 330 specialty stores incorporating approximately 96,200 sqm* of retail space. The property is also adjacent to two bus routes and is handy to both Bell and Regent train stations.

Key Features include:

- Total land area: 527 sqm*
- Over 12 metre frontage to High Street
- Favorably zoned Priority Development - Schedule 2 Zoning (PD2Z)
- Cross over entry from High Street

For further information on this property contact or Ray White Commercial - Preston or NSL Property Group on the details below:

Guy Naselli 0413 750 744

John Kalpakis 0412 500 250

*=Approx.

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Property History for 641 High St, Preston, VIC 3072

A timeline of how this property has performed in the market
Last Sold
$1,485,000
01 Oct 2024
  • 01 Oct 2024
    Sold for $1,485,000
  • 17 Jun 2022
    Listed for Sale By Negotiation - No GST payable
  • 25 May 1982
    Sold for $100,000
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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 21,609 properties. Over the last 5 years, Houses in Preston have seen a 16.08% increase in median value, while Units have seen a 10.01% increase. As at 28 February 2026:

  • The median value for Houses in Preston is $1,251,239 while the median value for Units is $636,892.
  • Houses have a median rent of $650 while Units have a median rent of $550.
There are currently 63 properties listed for sale, and 46 properties listed for rent in Preston on OnTheHouse. According to Cotality's data, 957 properties were sold in the past 12 months in Preston.

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