5 Preston Way, Balga is a 2 bedroom, 4 bathroom House with 1 parking spaces and was built in 1968. The property has a land size of 728m2 and floor size of 84m2. While the property is not currently for sale or for rent, it was last sold in May 2026. There are other 2 bedroom House sold in Balga in the last 12 months.
Set on an R40-zoned block, this solid and well-built family home presents a rare opportunity packed with flexibility, future potential, and long-held history. Held within the same family for generations, this property has been a place of connection, growth, and lasting memories - now ready for its next chapter.Built with quality craftsmanship and designed to stand the test of time, the home offers a comfortable and functional layout, with multiple living zones and a warm, inviting feel throughout. A unique highlight is the underground wine cellar - a rare feature that adds character and practical use for storage, entertaining, or a personal retreat.What truly sets this property apart is the range of options it offers:- Move in and enjoy a solid, established family home- Renovate and modernise to add value- Retain and build at the rear (subject to approvals)- Explore duplex or multi-dwelling development potential under R40 zoning (subject to WAPC approval)- Land bank and benefit from future growthPositioned in a convenient location close to local amenities, schools, parks, and transport links, this is an opportunity that appeals to homeowners, investors, and developers alike.Properties with this level of versatility, history, and future upside are increasingly hard to find.Secure it today and unlock the potential tomorrow.Contact Quinton on 0425 080 186 for more info and inspection.Disclaimers: Every care has been taken to verify the accuracy of the details in this advertisement; however, we cannot guarantee its correctness. Prospective purchasers are requested to take such action as is necessary, to satisfy themselves with any pertinent matters.
The size of Balga is approximately 5.2 square kilometres. There are 38 parks, covering nearly 14.5% of the total area. The population of Balga in 2016 was 12685 people. By 2021 the population was 13864 showing a population growth of 9.3% in the area during that time. The predominant age group in Balga is 30-39 years. Households in Balga are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Balga work in a community and personal service occupation.In 2021, 48.60% of the homes in Balga were owner-occupied compared with 50.60% in 2016.
Balga has 7,831 properties. Over the last 5 years, Houses in Balga have seen a 138.07% increase in median value, while Units have seen a 165.64% increase. As at 30 June 2026:
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