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504 Gilbert Road, Preston, Vic 3072 For Sale
504 Gilbert Road, Preston, Vic 3072 504 Gilbert Road, Preston, Vic 3072-Image 504 Gilbert Road, Preston, Vic 3072-Image 504 Gilbert Road, Preston, Vic 3072-Image 504 Gilbert Road, Preston, Vic 3072-Image 504 Gilbert Road, Preston, Vic 3072-Image 504 Gilbert Road, Preston, Vic 3072-Image 504 Gilbert Road, Preston, Vic 3072-Image 504 Gilbert Road, Preston, Vic 3072-Image 504 Gilbert Road, Preston, Vic 3072-Floorplan

504 Gilbert Road, Preston, Vic 3072

$1,250,000 - $1,320,000

House
Type
3
Bedrooms
1
Bathrooms
4
Parkings
860 m²
Area

Published on Saturday, October 24, 2026 ( See property details for 504 Gilbert Road, Preston, Vic 3072)

$1,250,000 - $1,320,000

Open on Thursday 29 October 6:00 pm | View All

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

A versatile property in West Preston offering a substantial landholding, a character residence, and exceptional development and lifestyle potential.

🏡 Property Highlights

  • Generous 860sqm allotment with substantial development potential (STCA).
  • Enormous garage and workshop at the rear, ideal for tradespeople or storage.
  • Underground swimming pool adding a unique feature to the backyard.
  • Prime West Preston location close to shops, cafes, transport, and schools.
  • Existing character-filled residence offering renovation opportunities.
  • Impressive frontage exceeding 15 metres, suitable for multi-residence projects.

✨ Key Features

  • Garage
  • Outdoor Area
  • Open-Plan Living
  • Water tank
  • Workshop
  • Built-in Robes
  • Security Screens / Gates
  • Fly Screens
  • NBN / High-Speed Ready
  • Fully fenced
Latest Aerial Imagery Available
504 Gilbert Road
Preston, VIC 3072
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Vertical aerial view — 504 Gilbert Road
504 Gilbert Road — Vertical Aerial  •  Preston, VIC 3072  •  Nearmap © 2026

West Preston is a highly sought-after suburb renowned for its vibrant community, excellent transport links, and proximity to local amenities. It offers a blend of character homes and development opportunities, making it ideal for families, investors, and developers. The area boasts a lively café scene, quality schools, and easy access to Melbourne’s CBD, ensuring a convenient and desirable lifestyle. With its strong community feel and ongoing growth, West Preston remains one of Melbourne’s most attractive suburbs.

What are the development possibilities for this property?
The large 860sqm allotment with a substantial frontage offers significant potential for multi-residence projects, subject to council approval (STCA).
Can the existing residence be renovated?
Yes, the character-filled home provides a great foundation for renovation, allowing you to enhance its features while adding value.
Is there scope for adding a pool or outdoor features?
Absolutely, the underground swimming pool is already in place, and the expansive backyard offers plenty of space for further outdoor improvements.
What makes this property suitable for tradespeople or car enthusiasts?
The enormous garage and workshop at the rear provide ample space for storage, a workshop, or a car enthusiast’s dream setup.
What amenities are nearby?
The property is conveniently located close to local shops, cafes, transport options, and schools, making it ideal for a convenient lifestyle.
Are there any zoning restrictions or easements affecting the development potential of the land? What are the council requirements and approvals needed for multi-residence development (STCA)? Are there any existing defects or issues with the current residence that require attention? Is the underground pool compliant with safety regulations and in good condition? Are there any nearby construction or planning activities that could impact the property’s value or enjoyment? What are the strata or body corporate considerations if subdividing or developing multiple dwellings? Is the property located in a flood or bushfire-prone area? Are there any hidden costs associated with the large workshop or additional structures? What are the ongoing maintenance costs for the existing features, such as the pool and workshop? Are there any restrictions on future renovations or extensions due to heritage or local planning policies?

504 Gilbert Road, Preston, Vic 3072 - More Details

$1,250,000 - $1,320,000

Positioned in the heart of West Preston, 504 Gilbert Road presents an exceptional opportunity for developers, renovators and visionary buyers seeking a substantial parcel of land in one of Preston's most tightly held pockets. Set on an impressive 860sqm (approx.) allotment with a frontage exceeding 15 metres, this is a property where the possibilities are as exciting as the location itself.

The scale of the land immediately sets this offering apart, providing an outstanding foundation for those looking to explore its significant development potential (STCA). Whether your vision is to create a multi-residence project, capitalise on the generous dimensions of the allotment or undertake a substantial transformation, the proportions and positioning offer an exciting canvas for the future.

Adding another layer of appeal is the enormous garage and workshop at the rear, offering an incredible amount of space rarely seen in residential properties. Its sheer scale presents endless possibilities for tradespeople, car enthusiasts, storage or those requiring an expansive workspace. Complementing this impressive addition is an underground swimming pool, creating a unique feature within the property's expansive backyard.

For those who appreciate beautiful period features, the existing residence provides the perfect starting point for a thoughtful renovation. With its character, substantial land and enviable West Preston address, there is also the opportunity to breathe new life into the home while preserving the charm that makes it so special.

Set within a highly sought-after location, moments from local shops, cafes, transport, schools and the lifestyle amenities that make Preston so desirable, this is a rare opportunity to secure a property with genuine scope to add value and create something remarkable.

860sqm (approx.) of opportunity. A substantial frontage. An extraordinary workshop. An underground pool. A location that speaks for itself.

504 Gilbert Road is a property with a future as compelling as its present.
Type
House
Bedrooms
3
Bathrooms
1
Parkings
4
Area
860 m²
House Size
101 m²

Price guide

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Inspections times

  • Inspection Thu 29 Oct 6:00 pm

    Thursday 29 October
    6:00 pm - 6:30 pm
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  • Inspection Sat 31 Oct 11:00 am

    Saturday 31 October
    11:00 am - 11:30 am
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  • Inspection Wed 4 Nov 7:00 pm

    Wednesday 4 November
    7:00 pm - 7:30 pm
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  • Inspection Sat 7 Nov 1:00 pm

    Saturday 7 November
    1:00 pm - 1:30 pm
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  • Inspection Wed 11 Nov 7:00 pm

    Wednesday 11 November
    7:00 pm - 7:30 pm
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Map & nearby places — 504 Gilbert Road, Preston, Vic 3072

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School catchments

Government school zones this property is inside, from the outlines we hold. A zone can change, and being in a zone is not a guarantee of a place, so check with the school or the education department.

Other schools nearby

Schools within about 5 km that have no enrolment zone, such as Catholic, independent, special and selective schools.

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