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24 Ruby Street, Preston, Vic 3072 For Sale
24 Ruby Street, Preston, Vic 3072 24 Ruby Street, Preston, Vic 3072-Image 24 Ruby Street, Preston, Vic 3072-Image 24 Ruby Street, Preston, Vic 3072-Image 24 Ruby Street, Preston, Vic 3072-Image 24 Ruby Street, Preston, Vic 3072-Image 24 Ruby Street, Preston, Vic 3072-Image 24 Ruby Street, Preston, Vic 3072-Image 24 Ruby Street, Preston, Vic 3072-Image 24 Ruby Street, Preston, Vic 3072-Image 24 Ruby Street, Preston, Vic 3072-Image 24 Ruby Street, Preston, Vic 3072-Image 24 Ruby Street, Preston, Vic 3072-Floorplan

24 Ruby Street, Preston, Vic 3072

$790K-$840K

House
Type
4
Bedrooms
2
Bathrooms
4
Parkings
468 m²
Area

Published on Saturday, August 22, 2026 ( See property details for 24 Ruby Street, Preston, Vic 3072)

$790K-$840K

Auction Wednesday 9 September at 5:00 pm | View All

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

A versatile Preston property offering significant development potential on a valuable land parcel, with existing accommodation and excellent amenities nearby.

🏡 Property Highlights

  • Prime development site with strong land value in Preston
  • Potential to build multiple units or townhouses (STCA)
  • Existing 70-year-old residence with renovation potential
  • Excellent location close to shopping, schools, and transport
  • Includes a bungalow and separate studio for rental or holding
  • Strong demand for new housing in a highly connected suburb

✨ Key Features

  • Floorboards
  • Ducted heating
  • Valuable land with development potential
  • Separate studio
  • Bungalow
  • Approx. 70-year-old existing dwelling
  • Ideal for builders, developers and investors
  • Potential for multiple units/townhouses
  • Close to Preston Central & High Street
  • Close to Preston South Shopping Centre
Latest Aerial Imagery Available
24 Ruby Street
Preston, VIC 3072
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Vertical aerial view — 24 Ruby Street
24 Ruby Street — Vertical Aerial  •  Preston, VIC 3072  •  Nearmap © 2026

Preston is a highly sought-after suburb known for its vibrant community, excellent transport links, diverse dining options, and proximity to major shopping centres. Its established infrastructure and strong demand for housing make it an ideal location for both investors and developers. The area offers a mix of character homes and new developments, with plenty of parks and educational institutions nearby, ensuring a convenient and vibrant lifestyle.

What is the current condition of the existing dwelling?
The existing home is approximately 70 years old and requires renovation, offering an opportunity for buyers to update or redevelop the property.
What are the development possibilities for this property?
The land offers potential for multiple units or townhouses, subject to council approval (STCA).
Are there any existing planning permits or approvals?
Plans and approvals are not currently in place; interested buyers should consult with local council for development guidelines.
What are the zoning details for this property?
Zoning information should be verified with the local council to confirm development potential and restrictions.
Is there any risk of flooding or bushfire in this area?
Preston is generally considered low risk for flooding and bushfires; however, buyers should review local hazard maps for specific details.
Are there any hidden costs associated with the development or renovation process? Has the property been affected by any zoning changes or planning restrictions? Are there easements or covenants on the land that could impact development? What are the council requirements and approval processes for building multiple units? Is there any history of flooding or environmental hazards on the site? Are there any upcoming planning or infrastructure projects in the area that could affect the property? What are the strata or body corporate considerations if developing into multiple dwellings? Are there any existing issues with the current structures that require urgent repairs? What are the potential costs involved in renovating or redeveloping the property? Is the property located within a designated bushfire or flood zone?

24 Ruby Street, Preston, Vic 3072 - More Details

$790K-$840K

Positioned in a highly sought-after Preston location, 24 Ruby Street presents an outstanding opportunity for developers, builders and astute investors looking for a property where the true value lies in the land.

The existing home is approximately 70 years old and requires renovation, making this property ideal for buyers who can see beyond the current dwelling and unlock the potential of the site.

Set on a valuable parcel of land, the property offers an exciting opportunity to redevelop and potentially build multiple units or townhouses. With strong demand for quality new housing in Preston, this is a chance to secure a site in an established and highly connected suburb.

The existing residence comprises 2 bedrooms, 2 bathrooms, a bungalow and a separate studio, providing potential holding or rental options while plans and approvals are considered.

The property also features a central kitchen with ample storage, floorboards and ducted heating. While the home is in need of updating, the land and development potential are the key attractions.

Key Features
Approx. 70-year-old existing dwelling
2 bedrooms
2 bathrooms
Bungalow
Separate studio
Ducted heating
Floorboards
Valuable land with development potential
Ideal for builders, developers and investors
Potential for multiple units/townhouses
Nearby Amenities
Shopping & Dining

Preston Central & High Street - approx. 4-5 mins
Preston South Shopping Centre - approx. 5 mins
Northland Shopping Centre - approx. 6 mins
High Street cafés, restaurants, bars & local shops - approx. 4-5 mins
Schools & Education

Preston South Primary School - approx. 4 mins
Bell Primary School - approx. 5 mins
Preston High School - approx. 5 mins
Charles La Trobe P-12 College - approx. 6 mins
Northern College of the Arts & Technology - approx. 7 mins
Transport

Bell Train Station - approx. 5 mins
Preston Train Station - approx. 5 mins
Plenty Road tram services - approx. 5-6 mins
High Street tram & bus services - approx. 4-6 mins
Parks & Recreation

A.H. Capp Reserve - approx. 4 mins
H.P. Zwar Park - approx. 5 mins
Ray Bramham Gardens - approx. 5 mins
T.A. Cochrane Reserve - approx. 6 mins
Medical & Healthcare

Preston Family Medical - approx. 5 mins
Complete Care Preston - approx. 5 mins
Northern Hospital Epping - approx. 15-20 mins
Austin Hospital - approx. 12-15 mins
Prime Preston Location
Enjoy the convenience of established amenities, public transport, schools, parks, cafés and shopping all within easy reach. With excellent connectivity and strong demand for housing, 24 Ruby Street offers a rare opportunity to secure land in a tightly held Preston location and explore its future development potential (STCA).

For developers and builders, the opportunity is in the land. Bring your vision and unlock the potential of this site.

For more information or to arrange a private inspection, contact Ayomi on 0405 725 452.

Due diligence checklist - for home and residential property buyers -
http://www.consumer.vic.gov.au/duediligencechecklist
Type
House
Bedrooms
4
Bathrooms
2
Parkings
4
Area
468 m²

Price guide

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  • 24 Ruby Street, Preston, Vic 3072

    Wednesday 9 September
    5:00 pm
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