Property Details for 81 Dundas St, Preston
81 Dundas St, Preston is a 3 bedroom, 1 bathroom House with 2 parking spaces and was built in 1960. While the property is not currently for sale or for rent, it was last sold in May 2020.
Last Listing description (July 2020)
A Smart Business Choice
Located on the coveted south side of Bell Street is this potential-rich 298sqm (approx.) corner property that will excite developers and appeal to the savvy investor looking for a secure suburban business with an attached residence.
With the potential to accommodate a multi-storey apartment complex that will stand within an easy walk of trendy eateries along the popular High Street strip, Pender's Grove Primary School, the No.86 tram, South Preston Shopping Centre and the No.552 bus that stops just metres from the front door and close to Thornbury train station and Northland Shopping Centre, its appeal as a standout development opportunity in a prominent Preston location is clear to see (STCA).
But if you're chasing a steady stream of income with the convenience of working close to home in this case, out back! this is ideal. The existing business, a well-regarded local milk bar, can function as is or reborn into a trendy foodie hotspot, just like many converted milk bars around Melbourne. You could also choose to lease it out for an attractive return.
Adding further appeal, the attached residence with window security shutters offers plenty of space with its three bedrooms, large living, open-plan meals/kitchen area with a 900mm stainless steel cooker, stylish bathroom, separate laundry with toilet, plenty of storage and a concreted north-facing courtyard with side access for off-street parking.
Property History for 81 Dundas St, Preston, VIC 3072
- 19 Nov 2019Listed for Sale Sale
Recent sales nearby
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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 21,600 properties. Over the last 5 years, Houses in Preston have seen a 19.15% increase in median value, while Units have seen a 13.68% increase. As at 31 December 2025:
- The median value for Houses in Preston is $1,235,570 while the median value for Units is $633,025.
- Houses have a median rent of $625 while Units have a median rent of $550.
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