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28 Murphy Grove, Preston, Vic 3072-Image

28 Murphy Grove, Preston, Vic 3072

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

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Parkings

Last updated on Monday, July 06, 2026 ( See property details for 28 Murphy Grove, Preston, Vic 3072)

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

View the agent price guide.

Keb Nguyen - Real Estate Agent - Ray White - Reservoir

Keb Nguyen DIRECTOR

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Rodney Eldridge - Real Estate Agent - Ray White - Reservoir

Rodney Eldridge 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 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)

Suburb and Property Insights of Preston, VIC 3072

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.

Frequently Asked Questions

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.

What to ask about this property to agent?

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

Whether you're looking to renovate a classic, land-bank for the future, or break ground immediately on a high-end development, 28 Murphy Grove is the "unicorn" you've been searching for. This property offers the best of both worlds: a charming, liveable weatherboard home and endorsed plans and permits for three stunning, architecturally designed townhouses.

The Project: Shovel-Ready Excellence
Skip the years of planning stress. The hard work has been done, with endorsed plans ready for a sophisticated triple-townhouse development:
• Modern Architectural Design: Striking vertical cladding and elegant pitched roofs ensure these residences will be the talk of the street.
• Seamless Living: Each home is designed with an emphasis on light, featuring floor-to-ceiling glass and seamless transitions to private outdoor zones.
• Smart Site Utilisation: The layout maximises the deep allotment, providing privacy and generous landscaped courtyards for every residence.

The Residence: Classic Charm & Immediate Comfort
While you finalise your builders, enjoy a highly rentable or liveable character home filled with period details:
• Period Features: Polished timber floorboards, high ceilings, and ornate ceiling roses throughout.
• Flexible Floor Plan: Features two large bedrooms-a master (4.0m x 3.6m) and a second bedroom (3.3m x 3.1m)-both offering ample space.
• Spacious Living: A bright living room (3.6m x 4.2m) with split-system AC, plus a separate formal dining room (3.6m x 3.8m) with a wall heater.
• Large Kitchen/Meals: A functional space (4.3m x 4.1m) equipped with a dishwasher and oven.
• Massive Backyard: Includes an entertaining deck and a standalone single garage/workshop (3.3m x 6.5m).

The Location: Heart of Preston

Positioned in one of the North's most consistent growth corridors, you are moments from vibrant cafes, local schools, and extensive parklands. Excellent public transport links provide a direct and easy commute to the CBD.

This is a rare opportunity to secure a "triple-threat" development site in a premium pocket. Build the dream or hold for the future-the choice is yours.
For a full information pack, including endorsed plans and permits, contact us today.

Since the permits are already endorsed, are you planning on starting the build yourself, or are you more interested in the land-banking potential of the existing house?

Type: House
Bedrooms: 2
Bathrooms: 1
Parkings: 1

Price guide

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28 Murphy Grove, Preston, Vic 3072

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