117-119 Gilbert Road, Preston, Vic 3072

$1,850,000 - $2,030,000

House
Type
6
Bedrooms
1
Bathrooms
10
Parkings
887 m²
Area

Last updated on Friday, July 10, 2026 ( See property details for 117-119 Gilbert Road, Preston, Vic 3072)

$1,850,000 - $2,030,000

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

A historic Art Deco residence on a substantial 887sqm landholding offering versatile living options, development potential, and a prime Preston location.

🏡 Property Highlights

  • Historic Art Deco residence with unique features including a ballroom and stage
  • Generous landholding of approximately 887sqm with four allotments and 24.3m frontage
  • Flexible layout with six bedrooms, multiple living areas, and two kitchens
  • Potential for renovation, reconfiguration, or development (STCA)
  • Rear laneway access with parking for up to ten cars
  • Prime location close to shops, transport, parks, and schools

✨ Key Features

  • Open-Plan Living
  • Home Office / Study
  • Fireplaces
  • Ceiling Fans
  • Laundry
  • Land Size (887 m²)
  • Landholding / Land Size
  • Multiple Living Areas
  • Stage / Theatre
  • Land Access / Laneway Access

Preston is a vibrant suburb renowned for its diverse community, excellent transport links, and abundant amenities. It offers a mix of historic and modern homes, proximity to parks and trails, and a thriving shopping and dining scene. The area is highly sought after for its family-friendly environment and educational institutions, making it ideal for both homeowners and investors. With easy access to Melbourne CBD via tram and train, Preston combines convenience with a rich local character.

What are the potential uses for this property given its size and features?
The property offers versatile options including renovation into a large family home, shared accommodation, or development into multiple units (STCA), thanks to its substantial landholding and flexible layout.
Is there scope for development or subdivision on this land?
Yes, given the land size, frontage, and laneway access, there is significant potential for a luxury multi-unit development, subject to council approval.
What are the key features that add character to this historic residence?
The home features soaring ceilings, fireplaces, original Art Deco details, a stage, and a ballroom, which contribute to its unique character and charm.
What nearby amenities and transport options are available?
The property is close to Miller Street shops and eateries, the No. 11 tram, Preston Station, Preston Central, and Preston South Shopping Centre, providing excellent connectivity and local services.
Are there any restrictions or considerations for renovation or development?
Development plans are subject to council approval, and potential buyers should verify zoning regulations, planning permissions, and any easements or restrictions with local authorities.
Are there any hidden costs associated with the property, such as outstanding council rates or easements? Has the property been inspected for structural issues or defects, especially given its age and historic features? Are there any restrictions or covenants that could impact renovation or development plans? What are the zoning regulations and planning controls applicable to this landholding? Is the property located in a flood or bushfire-prone area, and what risk mitigation measures are in place? Are there any upcoming planning or construction projects nearby that could affect the property’s value or enjoyment? What are the strata or body corporate considerations if subdivided or developed? Are there any easements or access rights that could impact land use or development? What are the ongoing maintenance costs associated with the historic features and large landholding? Is there any existing planning or approval documentation for potential development or subdivision?

117-119 Gilbert Road, Preston, Vic 3072 - More Details

$1,850,000 - $2,030,000

Type
House
Bedrooms
6
Bathrooms
1
Parkings
10
Area
887 m²

Price guide

View Statement Of Information

in compliance with Estate Agents Act 1980

Inspections times

  • Inspection Thu 16 Jul 4:00 pm

    Thursday 16 July
    4:00 pm - 4:30 pm
  • Inspection Sat 18 Jul 12:30 pm

    Saturday 18 July
    12:30 pm - 1:00 pm
  • Inspection Thu 23 Jul 4:00 pm

    Thursday 23 July
    4:00 pm - 4:30 pm
  • Inspection Sat 25 Jul 12:30 pm

    Saturday 25 July
    12:30 pm - 1:00 pm

Auctions

  • 117-119 Gilbert Road, Preston, Vic 3072

    Saturday 1 August
    1:00 pm
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