For Sale

161 Dundas Street, Preston, Vic 3072

AUCTION $1,100,000 - $1,200,000

House

Type

Bedrooms

Bathrooms

Parkings

693 m²

Area

Last updated on Friday, August 14, 2026 ( See property details for 161 Dundas Street, Preston, Vic 3072)

AUCTION $1,100,000 - $1,200,000

View the agent price guide.

Ian Dempsey DIRECTOR | CHAIRMAN'S ELITE SENIOR SALES

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Anthony Pasinetti Sales

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AI Property Insight

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

A versatile 693sqm property on the Preston-Thornbury border offering redevelopment potential, excellent amenities, and a sought-after lifestyle location.

🏡 Property Highlights

Prime 693sqm landholding on the Preston-Thornbury border with development potential (STCA).
Excellent location close to High Street precinct with cafes, restaurants, and boutique shopping.
Easy access to public transport including Tram Route 86 and nearby train stations.
Solid three-bedroom residence offering renovation and value-adding opportunities.
Ample off-street parking, extensive garage, and workshop facilities.
Close to quality educational institutions including Penders Grove Primary School and Thornbury High School.

✨ Key Features

Garage
Open-Plan Living
Workshop
Built-in Robes
Outdoor Area
Secure Parking
Floorboards
Water tank
High energy efficiency
Ample off-street parking

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161 Dundas Street

Preston, VIC 3072

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Suburb and Property Insights of Preston, VIC 3072

Preston offers vibrant shopping and dining options, excellent public transport links, and a strong community vibe. The suburb boasts quality schools, parks, and easy access to Melbourne’s CBD. Its sought-after location ensures long-term capital growth and lifestyle convenience. With a mix of established homes and development sites, Preston remains a top choice for investors and families alike.

Frequently Asked Questions

What are the potential uses for the land at 161 Dundas Street?

The land offers potential for renovation of the existing residence, redevelopment, or land banking for future capital growth, subject to council approval (STCA).

Is there scope for development or subdivision on this property?

Yes, the substantial landholding provides opportunities for development or subdivision, subject to council approval and planning regulations (STCA).

What amenities and services are nearby?

The property is close to the vibrant High Street precinct, public transport including Tram Route 86 and train stations, schools, parks, and shopping facilities.

Are there any restrictions or planning overlays affecting the property?

Potential buyers should consult with local council regarding zoning, planning overlays, and development restrictions applicable to the site.

What is the condition of the existing residence?

The current three-bedroom house offers a solid foundation for renovation or refurbishment, with scope to add value.

What to ask about this property to agent?

Are there any zoning restrictions or planning overlays that could impact redevelopment plans? What are the potential costs associated with renovating or upgrading the existing residence? Are there any easements, covenants, or encumbrances on the land? Is the property located within a flood or bushfire-prone area? Are there any upcoming planning or development proposals in the vicinity that could affect the property’s value or character?

161 Dundas Street, Preston, Vic 3072 - More Details

AUCTION $1,100,000 - $1,200,000

Positioned on the highly coveted Preston-Thornbury border, this exceptional 693sqm (approx.) allotment presents an increasingly rare opportunity to secure premium real estate in one of Melbourne's most tightly held and consistently high-performing pockets. Offering the value of a Preston address with the lifestyle and prestige of neighbouring Thornbury, this is an outstanding opportunity for investors, developers (STCA), renovators and land bankers looking to capitalise on a blue-chip location.

The existing three-bedroom residence offers a solid foundation for those looking to renovate and add value, while the substantial landholding opens the door to endless future possibilities (STCA). Complete with multiple living spaces, extensive garage and workshop facilities, and ample off-street parking, the property provides the flexibility to transform, rebuild or redevelop in a location where opportunities of this scale are becoming increasingly scarce.

What truly sets this property apart is its unbeatable lifestyle location. Just moments from the vibrant High Street precinct, you'll find an endless selection of renowned cafes, restaurants, wine bars and boutique shopping right at your doorstep. Tram Route 86 along Plenty Road is only a short stroll away, providing seamless access to the CBD and surrounding suburbs, while nearby train stations and major arterial roads make commuting effortless.

Families will appreciate the excellent educational options, with Penders Grove Primary School just a short walk away, along with the high regarded thornbury high school.

Whether you're looking to renovate, invest, land bank for the future or secure a premium development opportunity (STCA), 161 Dundas Street delivers the perfect combination of location, land size and long-term capital growth potential. A rare offering where Preston affordability meets the highly sought-after Thornbury lifestyle-this is an opportunity not to be missed.

Type: House
Bedrooms: 3
Bathrooms: 1
Parkings: 4
Area: 693 m²

Price guide

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161 Dundas Street, Preston, Vic 3072

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