37 Leicester Street, Preston, Vic 3072

AUCTION $1,250,000 - $1,300,000

House
Type
3
Bedrooms
1
Bathrooms
2
Parkings
474 m²
Area

Published on Friday, October 09, 2026 ( See property details for 37 Leicester Street, Preston, Vic 3072)

AUCTION $1,250,000 - $1,300,000

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

A meticulously maintained three-bedroom family home in Preston offering rear laneway access, excellent storage, and development potential in a highly sought-after location.

🏡 Property Highlights

  • Rare rear laneway access providing exceptional convenience and flexibility
  • Generous landholding with development potential (STCA)
  • Excellent location within walking distance to Preston Market, public transport, and local amenities
  • Well-maintained family home with three spacious bedrooms and ample storage
  • Proximity to schools including Preston West Primary and Preston High School zone
  • Additional storage options including garden shed and double garage

✨ Key Features

  • Security alarm system
  • Security roller shutters
  • Heating and evaporative cooling
  • Functional kitchen and dining area
  • Separate laundry
  • Garden shed
  • Double car garage & additional garage storage
  • Built-in Robes
  • Open-Plan Living
  • Water tank
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37 Leicester Street
Preston, VIC 3072
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Vertical aerial view — 37 Leicester Street
37 Leicester Street — Vertical Aerial  •  Preston, VIC 3072  •  Nearmap © 2026

Preston is a vibrant suburb renowned for its diverse dining, shopping, and parklands. It offers excellent public transport options, including tram and train access, making commuting effortless. The area boasts a strong community feel with family-friendly amenities and highly sought-after schools. Its proximity to Preston Market and the bustling shopping precinct ensures residents enjoy a lively, convenient lifestyle. With ongoing development and a mix of historic and modern homes, Preston remains a highly desirable place to live and invest.

What are the future development possibilities for this property?
The property offers potential for redevelopment or further enhancement subject to council approval (STCA), making it an attractive option for investors and those looking to add value.
How accessible are public transport options from this location?
The property is within walking distance to Bell Station and the No. 11 tram, providing convenient access to the CBD and surrounding suburbs.
What amenities are nearby?
Preston Market, local cafes, restaurants, shops, parks, and schools such as Preston West Primary and Preston High School are all within easy reach.
Is there sufficient storage space in the home?
Yes, the property features excellent storage options throughout, including a garden shed and additional garage storage.
What heating and cooling features does the home have?
The home is equipped with both heating and evaporative cooling to ensure comfort year-round.
Are there any existing planning restrictions or easements on the land that could affect future development? Has the property been inspected for any structural issues or defects? Are there any upcoming council or community plans that might impact the neighborhood? What are the total costs involved in potential redevelopment or renovations? Is the property located in a flood or bushfire-prone area? Are there any strata or body corporate fees applicable if the property is subdivided or developed? What is the zoning classification and are there any restrictions on future use? Are there any nearby construction projects or developments that could cause noise or disruption? Is the property compliant with all current building and safety standards? Are there any existing easements or rights of way that could limit use of the land?

37 Leicester Street, Preston, Vic 3072 - More Details

AUCTION $1,250,000 - $1,300,000

Positioned in a highly sought after pocket of Preston, 37 Leicester Street is a neat and meticulously cared for three bedroom family home offering comfortable living, excellent functionality and the increasingly rare advantage of rear laneway access.

For those with an eye to the future, the property also offers an appealing development opportunity, with its generous landholding and rear access providing an excellent foundation to explore redevelopment or further enhancement, (STCA). Buyers can enjoy the existing home while considering the possibilities the site may offer over time.

Inside, the home features three spacious bedrooms, a practical kitchen and adjoining dining area, bathroom, separate laundry and excellent storage. Complemented by security roller shutters, an alarm system and abundant storage options, the home has been carefully maintained throughout and provides a comfortable, functional layout perfectly suited to families, first home buyers and those looking to secure a property in one of Preston's most tightly held pockets.

At the rear, additional storage provides plenty of room for tools, bikes, hobbies and household belongings, while the genuine rear laneway access adds an exceptional level of convenience and flexibility rarely found in such an established residential setting. Whether utilised for easy rear access, storage, vehicle access or future improvements, it is a significant practical advantage.

The location is truly exceptional. Bell Station and the No. 11 Gilbert Road tram are both within easy walking distance, providing convenient access to the CBD and surrounding suburbs. Families will appreciate the proximity to Preston West Primary School, while the property is also within the Preston High School zone.

Preston Market is walking distance, along with an outstanding selection of local cafes, restaurants, shops and everyday amenities. With parks, schools, public transport and the vibrant Preston shopping and dining precinct all within easy reach, the location delivers an enviable lifestyle with everything you need right at your doorstep.

Key Features:
• Three spacious bedrooms
• Heating and evaporative cooling
• Security alarm system
• Security roller shutters
• Functional kitchen and dining area
• Separate laundry
• Excellent storage throughout
• Double car garage & additional garage storage
• Garden shed
• Rare rear laneway access
• Future renovation and enhancement potential (STCA)
• Walking distance to Preston Market
• Walk to Bell Station and No. 11 Tram
• Preston West Primary School nearby
• Within the Preston High School zone
• Close to cafes, restaurants, shopping and parklands
Type
House
Bedrooms
3
Bathrooms
1
Parkings
2
Area
474 m²
House Size
67 m²

Price guide

View Statement Of Information

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Inspections times

  • Inspection Thu 15 Oct 6:00 pm

    Thursday 15 October
    6:00 pm - 6:30 pm
  • Inspection Sat 17 Oct 11:00 am

    Saturday 17 October
    11:00 am - 11:30 am
  • Inspection Wed 21 Oct 7:00 pm

    Wednesday 21 October
    7:00 pm - 7:30 pm
  • Inspection Sat 24 Oct 12:30 pm

    Saturday 24 October
    12:30 pm - 1:00 pm
  • Inspection Wed 28 Oct 7:00 pm

    Wednesday 28 October
    7:00 pm - 7:30 pm

Auctions

  • 37 Leicester Street, Preston, Vic 3072

    Saturday 7 November
    1:00 pm
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Map & nearby places — 37 Leicester Street, Preston, Vic 3072

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