28 Murphy Grove, Preston, Vic 3072

Sale: $1,275,000 - $1,350,000

House
Type
2
Bedrooms
1
Bathrooms
1
Parkings

Last updated on Saturday, June 13, 2026 ( See property details for 28 Murphy Grove, Preston, Vic 3072)

Sale: $1,275,000 - $1,350,000

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

A versatile Preston property offering a charming character home with endorsed plans for a high-end triple-townhouse development, perfect for immediate living, renovation, or future land-banking.

🏡 Property Highlights

  • Endorsed plans for three architecturally designed townhouses, ready for development
  • Charming weatherboard home with period features and immediate livability
  • Prime Preston location with excellent transport links and local amenities
  • Massive backyard with entertaining deck and standalone garage/workshop
  • Flexible property use: renovate, land-bank, or develop immediately
  • High rental potential with a character-filled residence

✨ Key Features

  • Built-in Robes
  • Dishwasher
  • Open-Plan Living
  • Outdoor Area
  • Home Office / Study
  • Ceiling Fans
  • Security Screens / Gates
  • Fly Screens
  • Waterfront / Views
  • Extra Storage (Shed/Linen)

Preston is a vibrant suburb renowned for its diverse community, excellent transport links, and abundant local amenities. It offers a mix of historic charm and modern living, with easy access to parks, cafes, and schools. The area is experiencing consistent growth, making it an ideal location for both investors and families. Its proximity to Melbourne CBD ensures a convenient lifestyle with excellent connectivity. Preston's welcoming atmosphere and ongoing development make it a highly desirable place to live and invest.

What is the current condition of the existing weatherboard home?
The home is well-maintained with period features such as polished timber floors, high ceilings, and ornate ceiling roses, offering immediate comfort and character.
Are the endorsed plans for the townhouses approved for construction now?
Yes, the plans and permits are fully endorsed and ready for development, allowing for a straightforward build process.
Can I live in the existing house while developing the townhouses?
Absolutely, the current residence is highly livable and can be occupied while you progress with the development plans.
What are the zoning details for this property?
The property is zoned for residential development, with endorsed permits for a triple-townhouse project, subject to council approval.
Is there potential for further subdivision or development on the site?
The endorsed plans are for three townhouses, but any additional subdivision or development would require further approval from local authorities.
Are there any hidden costs associated with the development plans or permits? Have all necessary approvals and compliance requirements been fully met for the endorsed plans? Are there any existing issues or defects with the current weatherboard home? Is the property located within a flood or bushfire risk zone? Are there any restrictions, easements, or covenants affecting the property or development plans? What are the council rates and potential development levies? Is there any ongoing or planned nearby construction that could impact the property? Are there any strata or body corporate considerations if the land is subdivided? What is the zoning classification and are there any future planning restrictions? Are there any noise or neighbourhood issues to be aware of in this area?

28 Murphy Grove, Preston, Vic 3072 - More Details

Sale: $1,275,000 - $1,350,000

Type
House
Bedrooms
2
Bathrooms
1
Parkings
1

Price guide

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