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5 Tennyson Avenue, Preston, Vic 3072

AUCTION $1,280,000 - $1,380,000

House

Type

Bedrooms

Bathrooms

Parkings

571 m²

Area

Last updated on Monday, July 06, 2026 ( See property details for 5 Tennyson Avenue, Preston, Vic 3072)

AUCTION $1,280,000 - $1,380,000

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Ian Dempsey DIRECTOR | CHAIRMAN'S ELITE SENIOR SALES

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Ethan Maratheftis Sale

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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 spacious Preston family home on a large, versatile block with exceptional redevelopment potential and prime lifestyle amenities nearby.

🏡 Property Highlights

Generous 571 m² allotment with redevelopment potential (STCA).
Well-maintained, light-filled interior with spacious living zones.
Ducted underfloor heating and split-system cooling for year-round comfort.
Expansive outdoor space with large garage and additional off-street parking.
Prime Preston location close to High Street precinct and Preston Market.
Excellent future growth prospects with subdivision or multi-dwelling options.

✨ Key Features

Open-Plan Living
Built-in Robes
Heating
Outdoor Area
Garage
Open-Plan Living
Waterfront / Views
Security Screens / Gates
Fly Screens
Extra Storage (Shed/Linen)

Suburb and Property Insights of Preston, VIC 3072

Preston is a vibrant suburb renowned for its lively café culture, boutique shopping, and community markets. It offers excellent public transport links, including train stations and tram routes, making commuting to Melbourne’s CBD effortless. The area boasts abundant parks, reserves, and walking trails, perfect for active lifestyles. With a strong sense of community and ongoing development, Preston presents a highly desirable location for families, investors, and developers alike.

Frequently Asked Questions

What are the potential redevelopment options for this property?

The large landholding offers scope for subdivision, extension, or multi-dwelling development (STCA), making it ideal for investors and developers.

Is the property suitable for year-round comfort?

Yes, the home features ducted underfloor heating and split-system cooling, ensuring comfort throughout all seasons.

What amenities are nearby?

The property is close to Preston's vibrant High Street precinct, Preston Market, Northland Shopping Centre, and excellent public transport options including train stations, trams, and buses.

Are there any outdoor entertaining spaces?

Yes, the property includes a large outdoor area with a verandah, ideal for outdoor entertaining and family gatherings.

What are the key features of the kitchen?

The kitchen offers ample bench space, a breakfast bar, and excellent storage, positioned to overlook the living areas.

What to ask about this property to agent?

Are there any existing planning restrictions or zoning overlays that could affect redevelopment or subdivision plans? Has the property been affected by any flooding or bushfire risks in the past? Are there any easements, covenants, or other encumbrances on the land that could impact development? What are the current council rates and any additional costs associated with the property? Is there any ongoing or upcoming construction or planning activity in the vicinity that could affect the property’s value or livability?

5 Tennyson Avenue, Preston, Vic 3072 - More Details

AUCTION $1,280,000 - $1,380,000

Positioned in one of Preston's most tightly held and rapidly evolving pockets, 5 Tennyson Avenue presents an exceptional opportunity to secure a substantial parcel of land with outstanding future potential. Set on a generous allotment that is significantly larger than many surrounding properties, this well-maintained residence offers immediate comfort alongside exciting scope for redevelopment, subdivision or the creation of a multi-dwelling project (STCA).

Behind its charming façade, the home reveals a spacious and light-filled floorplan comprising three generous bedrooms, multiple living zones and an open-plan kitchen and meals area designed for everyday functionality. A welcoming front lounge flows seamlessly through to the dining and kitchen domain, while large windows throughout allow an abundance of natural light to enhance the warm and inviting interiors.

The well-appointed kitchen offers ample bench space, breakfast bar seating and excellent storage, perfectly positioned to overlook the central living areas. Comfort is assured year-round with ducted underfloor heating throughout the entire home, complemented by split-system heating and cooling for added convenience.

Outside, the expansive landholding truly sets this property apart. With the rear laneway, a large garage, additional off-street parking, a large storage area under the back verandah, and substantial open space, the block provides incredible flexibility for families, investors and developers alike. Whether you choose to renovate, extend, lease out or unlock the site's full redevelopment potential (STCA), the possibilities here are extensive.

Perfectly positioned within easy reach of some of Preston's most sought-after lifestyle attractions, the home enjoys close proximity to the vibrant High Street precinct, renowned for its thriving café culture, boutique shopping, restaurants and entertainment options. The iconic Preston Market is just moments away, offering fresh produce, specialty retailers and a true community atmosphere, while nearby Northland Shopping Centre provides further convenience for everyday essentials.

Families will appreciate the access to quality local schooling options and nearby educational facilities, along with an abundance of parklands, sporting reserves and walking trails. Excellent public transport connectivity, including nearby train stations, tram routes and bus services, ensures an easy commute to Melbourne's CBD and surrounding suburbs. Combining lifestyle, convenience and long-term growth potential, this outstanding location further enhances the appeal of this rare Preston opportunity.

Type: House
Bedrooms: 3
Bathrooms: 1
Parkings: 4
Area: 571 m²

Price guide

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