80 Wood Street, Preston, Vic 3072

$960,000 - $1,050,000

House
Type
3
Bedrooms
2
Bathrooms
3
Parkings
716 m²
Area

Last updated on Friday, May 15, 2026 ( See property details for 80 Wood Street, Preston, Vic 3072)

$960,000 - $1,050,000

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

A versatile three-bedroom home on a large block in a prime Preston location with development potential (STCA).

🏡 Property Highlights

  • Outstanding location opposite Northland Shopping Centre and near parklands
  • Generous 716 m² block in a coveted Residential Growth Zone (Schedule 5)
  • Potential to extend, renovate, or develop multiple dwellings (STCA)
  • Close to public transport including buses and trams, with La Trobe University nearby
  • Walking distance to Preston North East Primary School and local amenities
  • Includes a three-bedroom home with a bungalow, double garage, and carport

✨ Key Features

  • Garage
  • Outdoor Area
  • Built-in Robes
  • Open-Plan Living
  • Waterfront / Views
  • Home Office / Study
  • Pet-Friendly
  • Secure Parking
  • Internal Laundry
  • Ceiling Fans

Preston is a vibrant suburb renowned for its excellent amenities, diverse dining options, and strong community feel. It offers convenient access to public transport, shopping centres, and green spaces like Darebin Creek Trail. The area is ideal for families and professionals seeking a well-connected lifestyle with growth prospects. Its proximity to La Trobe University and local schools makes it a highly desirable location for both investors and homeowners.

What are the potential development options for this property?
Given its location within a Residential Growth Zone (Schedule 5), there is scope to extend the existing home, renovate, or subdivide the land to build multiple dwellings (STCA).
Is the property suitable for investment purposes?
Yes, the property offers a strong investment opportunity with potential for renovation, extension, or subdivision, making it attractive for rental income or future development.
What amenities are nearby?
The property is conveniently located within walking distance to Northland Shopping Centre, public transport including buses and trams, local schools such as Preston North East Primary School, and parklands along the Darebin Creek Trail.
Are there any restrictions or zoning considerations?
The property is situated in a Residential Growth Zone (Schedule 5), which allows for development and subdivision subject to council approval (STCA).
What is the condition of the existing home?
The current three-bedroom home is suitable for immediate occupancy with scope for updates and renovations to suit personal preferences.
Are there any planning or zoning restrictions that could affect subdivision or development plans? What are the potential costs associated with renovating or extending the existing property? Are there any easements, covenants, or restrictions on the land? Has the property been affected by flooding or bushfire risks? Are there any upcoming planning or construction projects in the vicinity that could impact the property’s value or livability? Is there any history of structural issues or defects with the current home? What are the council rates and any additional levies applicable to this property? Are there any strata or body corporate considerations if additional dwellings are built? What are the zoning regulations regarding building height and setbacks? Is the property compliant with all local building codes and regulations?

80 Wood Street, Preston, Vic 3072 - More Details

$960,000 - $1,050,000

Type
House
Bedrooms
3
Bathrooms
2
Parkings
3
Area
716 m²

Price guide

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