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31 Bruce street, Preston, Vic 3072 For Sale
31 Bruce street, Preston, Vic 3072 31 Bruce street, Preston, Vic 3072-Image 31 Bruce street, Preston, Vic 3072-Image 31 Bruce street, Preston, Vic 3072-Image 31 Bruce street, Preston, Vic 3072-Image 31 Bruce street, Preston, Vic 3072-Image 31 Bruce street, Preston, Vic 3072-Image 31 Bruce street, Preston, Vic 3072-Image 31 Bruce street, Preston, Vic 3072-Image 31 Bruce street, Preston, Vic 3072-Image 31 Bruce street, Preston, Vic 3072-Image 31 Bruce street, Preston, Vic 3072-Image 31 Bruce street, Preston, Vic 3072-Image 31 Bruce street, Preston, Vic 3072-Image 31 Bruce street, Preston, Vic 3072-Image 31 Bruce street, Preston, Vic 3072-Image 31 Bruce street, Preston, Vic 3072-Image 31 Bruce street, Preston, Vic 3072-Image 31 Bruce street, Preston, Vic 3072-Floorplan

31 Bruce street, Preston, Vic 3072

$2,000,000

House
Type
7
Bedrooms
3
Bathrooms
2
Parkings
356 m²
Area

Published on Monday, August 03, 2026 ( See property details for 31 Bruce street, Preston, Vic 3072)

$2,000,000

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

A fully renovated, flexible 7-bedroom home in Preston offering exceptional investment returns or versatile family living options.

🏡 Property Highlights

  • Fully renovated 7-bedroom, 3-bathroom residence with modern amenities
  • Currently operating as a high-performing rooming house with $2,000 weekly income
  • Flexible configuration allowing conversion to a single-family or multi-generational home
  • Prime location within walking distance to Preston Station and Preston Market
  • Close proximity to Melbourne Polytechnic ensuring strong tenant demand
  • Three fully equipped kitchens supporting independent living arrangements

✨ Key Features

  • Built-in Robes
  • Open-Plan Living
  • Ensuite
  • Outdoor Area
  • Waterfront / Views
  • Security Screens / Gates
  • Fly Screens
  • NBN / High-Speed Ready
  • Extra Storage (Shed/Linen)
  • Fully fenced

Preston is a vibrant inner-north Melbourne suburb renowned for its excellent connectivity, diverse shopping and dining options, and strong community vibe. Key highlights include easy access to public transport, proximity to Preston Market, and a thriving local arts scene. The area offers a mix of historic charm and modern amenities, making it ideal for families, professionals, and investors seeking a dynamic lifestyle. With ongoing development and strong rental demand, Preston continues to be a highly sought-after location for both living and investment.

Can the property be converted into a single-family home?
Yes, the property’s flexible layout allows for reconfiguration into a spacious single-family residence or multi-generational home.
What is the current rental income and potential for future returns?
The property currently generates $2,000 per week as a rooming house, with potential for increased returns depending on reconfiguration or continued operation.
Are there any restrictions or approvals needed to change the property's use?
Any change of use may require council approval; it is recommended to consult local planning regulations for specific requirements.
What are the key features supporting tenant demand?
Proximity to Preston Station, Preston Market, Melbourne Polytechnic, and local amenities make this property highly attractive to tenants.
Is the property suitable for owner-occupiers or investors?
Both; investors can benefit from the strong rental income, while owner-occupiers can enjoy a versatile, renovated home with excellent location advantages.
Are there any existing planning or building approvals for the current configuration? What are the zoning restrictions and potential for future development or modifications? Are there any known issues with the property’s structure, plumbing, or electrical systems? Is there any history of flooding, bushfire risk, or other environmental hazards in the area? Are there any upcoming planning or construction projects nearby that could impact the property’s value or living conditions?

31 Bruce street, Preston, Vic 3072 - More Details

$2,000,000

Type
House
Bedrooms
7
Bathrooms
3
Parkings
2
Area
356 m²
Study
1

Three Dimensional Virtual Tour - 31 Bruce street, Preston, Vic 3072

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