657 High StreetPreston VIC 3072
Property Details for 657 High St, Preston
657 High St, Preston is a 0 bedroom, 0 bathroom House. The property has a land size of 220m2. While the property is not currently for sale or for rent, it was last sold in February 2022.
Last Listing description (September 2025)
Located within the newly proposed Preston Central Major Activity Centre (Preston Central Structure Plan 2023)
Up to 6 levels (21 meters in height)
Increase of approx. 50% GFA compared to current planning controls. Total GFA is 1088sqm (STCA), under the new controls
Also, suitable use Retail, Office, Hospitality, Build-to-Rent (residential) or Mixed-Use (STPA)
Learn more here: https://vpa.vic.gov.au/project/preston-high-street/
Currently permitted as a three-storey commercial building, suitable for office, retail and hospitality.
Apply for an amendment for up to 21m (6 storey) under the newly approved planning controls (STCA).
Ideally located in this busy and ever-changing precinct and within walking distance to Preston Station, Preston Market, cafs, restaurants, Plenty Road Tram (etc).
Zoning Priority Development Schedule 2
Land 220m2 (approx.). High Street walkway and rear lane access
Opportunity for secured lease for rooftop to Telecommunications company for 20 years (STA).
Property History for 657 High St, Preston, VIC 3072
- 30 Jun 2025Listed for Sale Not Disclosed
- 05 Feb 2025Listed for Sale $1,150,000
- 04 Feb 2022Sold for $910,000
Recent sales nearby
See more recent sales nearby/assets/perm/57ajl7f6sei6nfswknsurye62a?signature=43e22a7c28c4dcd885a37f2a81f4650fdb1ac7d1793d32d364e204a8fa63c276){kind=logo}
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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 21,596 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:
- The median value for Houses in Preston is $1,220,339 while the median value for Units is $635,220.
- Houses have a median rent of $620 while Units have a median rent of $550.
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