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2 Nichol Street, Preston, Vic 3072 For Sale

2 Nichol Street, Preston, Vic 3072

EOI $950,000-$1,045,000

House
Type
3
Bedrooms
1
Bathrooms
1
Parkings
520 m²
Area

Published on Wednesday, August 26, 2026 ( See property details for 2 Nichol Street, Preston, Vic 3072)

EOI $950,000-$1,045,000

Damien Carter - Real Estate Agent - Miles Real Estate - Ivanhoe
Damien Carter Director
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Leanne Bradford - Real Estate Agent - Miles Real Estate - Ivanhoe
Leanne Bradford Senior Sales Consultant / Auctioneer / Residential Sales
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Open on Saturday 29 August 9:00 am | View All

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

A charming mid-century home on a spacious corner allotment in central Preston, offering versatile living options and exciting development potential (STCA).

🏡 Property Highlights

  • Prime corner position in central Preston with enormous development potential (STCA).
  • Classic mid-century cream brick residence with timeless architectural appeal.
  • Spacious 520m2 level rear garden, ideal for outdoor living or future extensions.
  • Original period details complemented by modern comforts like split-system heating/cooling.
  • Flexible layout including a sunroom, formal dining, and large kitchen/meals area.
  • Excellent location near cafes, shopping, public transport, and parks.

✨ Key Features

  • Built in robes
  • Split-system heating/cooling
  • Gas wall heater
  • Open shower
  • Full-size laundry
  • Second shower and separate toilet
  • Remote-control door access
  • Lock-up garage
  • Outdoor area / Balcony
  • Floorboards

Preston is a vibrant suburb renowned for its diverse dining options, bustling Preston Market, excellent public transport including trams and trains, and abundant parkland. Its central location offers easy access to shopping precincts like Northland and High Street, making it ideal for families and investors alike. The area combines historic charm with modern amenities, fostering a lively community atmosphere. With its strong growth prospects and convenient lifestyle, Preston remains a highly sought-after suburb for a wide range of buyers.

What are the potential development options for this property?
The 520m2 corner allotment offers significant potential for renovation, redevelopment, or multi-dwelling development (STCA), making it suitable for investors and developers.
Is the property suitable for families or first-home buyers?
Yes, the spacious layout, including three bedrooms, a sunroom, and a large backyard, makes it ideal for families or first-home buyers seeking a comfortable and central Preston location.
What modern comforts are included in the home?
The home features split-system heating and cooling, a gas wall heater, and original period details that add charm and comfort.
Are there any restrictions or approvals needed for future development?
Any development or renovation plans should be checked with local council for zoning, planning permits, and compliance requirements, especially for multi-dwelling or townhouse projects.
What is the condition of the property?
The property is well-maintained with original features intact, offering a solid foundation for renovation or redevelopment to suit your needs.
Are there any existing easements, covenants, or zoning restrictions affecting the property? Has the property been affected by flooding or bushfire risks in the past? Are there any upcoming planning or construction projects nearby that could impact the property? What are the strata or body corporate considerations if planning to subdivide or develop? Are there any hidden costs associated with the property, such as repairs or compliance issues?

2 Nichol Street, Preston, Vic 3072 - More Details

EOI $950,000-$1,045,000

Expressions of Interest Closing Tuesday 22nd September at 3:00pm Unless Sold Prior

The best of central Preston surrounds the quiet corner position of this classic three bedroom mid-century residence fronting David Street, that completely comfortable in its current form is evidently ready for its next exciting chapter.

Those that love this evergreen architectural style will jump at the opportunity to showcase their on-trend transformative skills, while the 520m2 corner allotment (approx) offers enormous potential as a stunning new home or luxury townhouse site (STCA).

A timeless cream brick profile framed by established garden reflects the enduring character of a single-level interior where a wide entrance hallway highlighted by original period detail extends to a large main bedroom (built-in robes, split-system heating/cooling), a north-facing second bedroom and another located at the rear.

A feature etched-glass portal window, an in-built air-conditioner and a gas wall heater create charm and warmth in a light-filled living room, while further is a formal dining room and a large kitchen and meals area.

A central bathroom provides easy access with its non-slip flooring and open shower, a versatile sunroom offers space to study while overlooking garden, and a full-size laundry area includes a second shower plus a separate toilet.

Oriented east and bathing in natural north light, the level rear garden is spacious, secluded and secure. Remote-control door access directly from David Street and a lock-up garage are currently in place, though it's the size and scope of this inviting backyard that will thrill new owners looking to maximise the space.

A compelling corner opportunity to renovate a long-held home, design a substantial new residence or explore multi-dwelling possibilities (STCA), this increasingly rare example of original mid-century appeal offers an exceptional foundation for a highly rewarding future.

Conveniently located near Plenty Road and High Street cafes, restaurants, shopping and trams, Preston Market, Northland, train station, schools and parkland.
Miles Real Estate.
Type
House
Bedrooms
3
Bathrooms
1
Parkings
1
Area
520 m²

Inspections times

  • Inspection Sat 29 Aug 9:00 am

    Saturday 29 August
    9:00 am - 9:30 am
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