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32 Holly Street, Preston, Vic 3072 For Sale
32 Holly Street, Preston, Vic 3072 32 Holly Street, Preston, Vic 3072-Image 32 Holly Street, Preston, Vic 3072-Image 32 Holly Street, Preston, Vic 3072-Image 32 Holly Street, Preston, Vic 3072-Image 32 Holly Street, Preston, Vic 3072-Image 32 Holly Street, Preston, Vic 3072-Image 32 Holly Street, Preston, Vic 3072-Image 32 Holly Street, Preston, Vic 3072-Image 32 Holly Street, Preston, Vic 3072-Image 32 Holly Street, Preston, Vic 3072-Image 32 Holly Street, Preston, Vic 3072-Image 32 Holly Street, Preston, Vic 3072-Image 32 Holly Street, Preston, Vic 3072-Image 32 Holly Street, Preston, Vic 3072-Image 32 Holly Street, Preston, Vic 3072-Image 32 Holly Street, Preston, Vic 3072-Floorplan

32 Holly Street, Preston, Vic 3072

Private Sale: $1,190,000 - $1,290,000

House
Type
8
Bedrooms
2
Bathrooms
2
Parkings
586 mΒ²
Area

Published on Thursday, July 09, 2026 ( See property details for 32 Holly Street, Preston, Vic 3072)

Private Sale: $1,190,000 - $1,290,000

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

A well-established, low-maintenance rooming house in Preston offering strong income potential, future development scope, and excellent tenant demand.

🏑 Property Highlights

  • Attractive rental yield of approximately 7%, ensuring strong cash flow from day one.
  • Well-maintained shared kitchens and communal living facilities for residents' convenience.
  • North-facing allotment maximising natural light and long-term appeal.
  • Solar panel system enhancing energy efficiency and reducing operating costs.
  • Low-maintenance property ideal for 'set and forget' investment strategies.
  • Generous landholding with potential for future redevelopment or renovation (STCA).

✨ Key Features

  • Built-in Robes
  • Open-Plan Living
  • Outdoor Area
  • Solar Panels
  • Secure Parking
  • Waterfront / Views
  • EV Charging Ready
  • Low-Maintenance Yard
  • Internal Laundry
  • Ceiling Fans
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32 Holly Street
Preston, VIC 3072
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Aerial and oblique imagery reveals the full picture β€” roof condition, solar panels, pool, setbacks, neighbouring structures, street access, and surrounding land use. Essential due diligence for buyers negotiating price and investors assessing yield potential.
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Vertical aerial view β€” 32 Holly Street
32 Holly Street — Vertical Aerial  •  Preston, VIC 3072  •  Nearmap © 2026

Preston is a vibrant suburb renowned for its strong rental demand, diverse community, and ongoing infrastructure development. It offers excellent access to shopping centres, public transport, educational institutions, and healthcare facilities. The area’s consistent population growth and revitalisation initiatives make it a highly attractive location for property investors. With a mix of established amenities and future growth prospects, Preston continues to be one of Melbourne’s most sought-after northern suburbs.

What is the current rental income and yield of the property?
The property currently generates an attractive rental yield of approximately 7%, providing strong cash flow for investors.
Are there any redevelopment or renovation opportunities on the land?
Yes, the generous landholding offers potential for future redevelopment or renovation, subject to council approval (STCA).
What amenities are nearby?
The property is just a five-minute walk to Northland Shopping Centre and is close to tram and bus services, local schools, parklands, Melbourne Polytechnic, La Trobe University, and major hospitals.
Is the property suitable for long-term tenants?
Yes, the property is located in a high-demand rental precinct with consistently strong occupancy rates, making it ideal for long-term tenants.
What energy efficiency features does the property have?
The property is equipped with a solar panel system, which helps reduce energy costs and improve efficiency.
Are there any existing planning restrictions or zoning regulations that could affect future redevelopment plans? Has the property been inspected for any structural issues or defects? Are there any easements, covenants, or other legal restrictions on the land? What are the ongoing maintenance costs associated with the property? Is there any history of flooding or bushfire risk in the area? Are there any upcoming infrastructure projects or developments nearby that could impact the property? What are the terms of the current lease agreements with tenants? Are there any strata or body corporate fees applicable to this property? Is the property compliant with all local council and safety regulations? What are the total costs involved in the purchase, including stamp duty, legal fees, and potential renovation expenses?

32 Holly Street, Preston, Vic 3072 - More Details

Private Sale: $1,190,000 - $1,290,000

Type
House
Bedrooms
8
Bathrooms
2
Parkings
2
Area
586 mΒ²

Price guide

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