1 Townhall Avenue, Preston, Vic 3072

Auction $850,000 - $900,000

House
Type
3
Bedrooms
1
Bathrooms
2
Parkings

Last updated on Saturday, June 20, 2026 ( See property details for 1 Townhall Avenue, Preston, Vic 3072)

Auction $850,000 - $900,000

  • AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A character-filled, original home in Preston offering exceptional potential for renovation and future growth in a highly convenient location.

🏡 Property Highlights

  • Prime location just footsteps from Plenty Road tram, Preston Market, and High Street shopping precinct
  • Retained period character with high ceilings, decorative fretwork, and ornate cornices
  • Valuable rear laneway access for creative redesign and future value enhancement
  • Original classic home ready for renovation or complete reconfiguration (STCA)
  • Close to kinder, childcare, and local convenience stores for family-friendly living
  • Excellent potential for capital growth in a dynamic and convenient precinct

✨ Key Features

  • Built-in Robes
  • Open-Plan Living
  • Outdoor Area
  • Ceiling Fans
  • Security Screens / Gates
  • Fly Screens
  • NBN / High-Speed Ready
  • Extra Storage (Shed/Linen)
  • Home Office / Study
  • Waterfront / Views

Preston is a vibrant suburb renowned for its diverse shopping, dining, and transport options. It offers excellent connectivity via tram and train, a strong community atmosphere, and ongoing growth opportunities. The area features a mix of historic homes and modern developments, making it ideal for both families and investors. With proximity to Preston Market and High Street, residents enjoy a lively, convenient lifestyle. The suburb’s strategic location ensures strong future capital growth potential.

What are the renovation possibilities for this property?
This property offers a blank canvas with retained period features, allowing for extensive renovation or complete reconfiguration (STCA) to suit modern living or investment needs.
Is there potential for future development or subdivision?
With valuable rear laneway access, there is potential for creative redesign and future value-adding enhancements, subject to council approval.
What is the condition of the property?
The home is an original classic with period features; a detailed inspection is recommended to assess its current condition and renovation scope.
Are there any planning restrictions or zoning considerations?
Potential buyers should consult local council regulations to confirm zoning and any restrictions related to renovation or development plans.
What nearby amenities and transport options are available?
The property is conveniently located footsteps from Plenty Road tram, Preston Market, High Street shopping, and Preston Station, providing excellent connectivity and local amenities.
Are there any hidden costs associated with the renovation or development of this property? Has the property been inspected for structural issues or defects? Are there any zoning restrictions or easements that could impact redevelopment plans? Is the property located in a flood or bushfire-prone area? Are there any upcoming planning or construction projects nearby that could affect the property’s value or living environment? What are the strata or body corporate considerations, if applicable? Are there any noise or nuisance issues from neighboring properties? Has the property been assessed for compliance with local building codes and regulations? Are there any existing easements or access rights that could limit use or development? What are the ongoing costs associated with maintaining the property?

1 Townhall Avenue, Preston, Vic 3072 - More Details

Auction $850,000 - $900,000

Type
House
Bedrooms
3
Bathrooms
1
Parkings
2

Price guide

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