13 Emerald Street, Preston, Vic 3072

AUCTION $900,000 - $990,000

House
Type
3
Bedrooms
1
Bathrooms
4
Parkings
495 m²
Area

Last updated on Friday, May 29, 2026 ( See property details for 13 Emerald Street, Preston, Vic 3072)

AUCTION $900,000 - $990,000

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

A versatile property in Preston offering approved development plans, spacious land, and exceptional future growth potential for developers, investors, and homebuyers alike.

🏡 Property Highlights

  • Approved plans and permits for two side-by-side townhouses, ready for development.
  • Generous 495sqm allotment offering significant future upside and flexibility.
  • Prime Preston location within a tightly held and evolving pocket.
  • Excellent access to amenities including schools, parklands, and transport links.
  • Potential for redevelopment, renovation, or landbanking to suit various buyers.
  • Close proximity to High Street, Northland Shopping Centre, and vibrant retail precincts.

✨ Key Features

  • Open-Plan Living
  • Waterfront / Views
  • Outdoor Area
  • Secure Parking
  • Home Office / Study
  • Balcony
  • Air Conditioning
  • Built-in Robes
  • Dishwasher
  • Internal Laundry
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13 Emerald Street
Preston, VIC 3072
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Vertical aerial view — 13 Emerald Street
13 Emerald Street — Vertical Aerial  •  Preston, VIC 3072  •  Nearmap © 2026

Preston is a vibrant inner-north Melbourne suburb renowned for its strong community feel, diverse amenities, and ongoing gentrification. Key highlights include excellent transport links, a thriving retail and café scene, and proximity to parks and reputable schools. The area offers a perfect blend of urban convenience and suburban tranquility, making it highly desirable for a wide range of buyers. Its consistent growth and development potential ensure long-term value appreciation.

What are the future development prospects for this property?
The property has approved plans and permits for two side-by-side townhouses, offering a streamlined development opportunity in a high-demand area.
Can I move into the existing residence immediately?
Yes, the current home is move-in ready, allowing immediate occupation or renovation.
What amenities are nearby?
The property is conveniently located near reputable schools, parklands, transport options, High Street, Northland Shopping Centre, and vibrant retail precincts.
Is there potential for landbanking or future value growth?
Absolutely, the generous 495sqm allotment provides significant land value and future growth potential.
What are the options for renovation or redevelopment?
Buyers can choose to redevelop, renovate, or landbank, with the approved plans facilitating a straightforward build process.
Are there any additional costs or fees associated with the approved development plans? Have all necessary permits and approvals been obtained, and are there any pending conditions? Are there any easements, zoning restrictions, or covenants affecting the property? What is the condition of the existing dwelling, and are there any known defects? Is the property located in a flood or bushfire-prone area? Are there any nearby construction or planning activities that could impact the property? What are the strata or body corporate considerations, if applicable? Are there any noise or nuisance issues from neighboring properties? What are the long-term zoning plans for the area that could influence future development? Is there any history of flooding, drainage issues, or environmental concerns on the site?

13 Emerald Street, Preston, Vic 3072 - More Details

AUCTION $900,000 - $990,000

Positioned in one of Preston's most tightly held and consistently evolving pockets, 13 Emerald Street presents an outstanding opportunity to secure a substantial 495sqm (approx.) allotment with significant future upside and immediate versatility. Offering approved plans and permits for two side-by-side townhouses, this is a rare chance to step straight into a ready-to-go development project in a location where demand for quality new homes continues to surge.

For developers, the hard work has already been done. With plans in place, the site is primed for a streamlined build process, allowing you to capitalise on Preston's strong sales market and ongoing gentrification. The proposed dual-occupancy design maximises the land's potential while aligning perfectly with the surrounding streetscape of quality homes and modern developments.

However, this property is not limited to developers alone. Homebuyers will also immediately recognise the appeal of the existing residence, which provides comfortable and functional living with the flexibility to move straight in, update over time, or simply enjoy as a well-located home in its own right. Renovators will see the opportunity to transform and enhance the current dwelling, further adding value in a high-growth suburb.

The generous land size of approximately 495sqm provides a rare sense of space for the area, offering options that are increasingly hard to find in Preston. Whether you choose to redevelop, renovate, or retain and landbank, the flexibility here is a standout feature.

Perfectly positioned, the home enjoys excellent access to local amenities including reputable schools, parklands, transport options and the vibrant retail and café precincts that Preston is known for. With High Street, Northland Shopping Centre and key transport links all within easy reach, the lifestyle convenience on offer is exceptional, further enhancing long-term desirability.

This is a property that truly caters to a wide range of buyers-developers seeking a ready-to-go project, investors chasing strong growth fundamentals, or homebuyers wanting to secure a foothold in a premium inner-north location with outstanding future potential.

Opportunities of this calibre, combining approved plans, generous land size and an exceptional location, are increasingly rare in Preston.
Type
House
Bedrooms
3
Bathrooms
1
Parkings
4
Area
495 m²

Price guide

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