380 Plenty Rd, Preston, VIC, 3072

Permit Approved. Premium Preston Position. Six-Townhouse Opportunity on Plenty Road.

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Last updated on Saturday, March 21, 2026 ( See property details for 380 Plenty Rd, Preston, VIC, 3072)

SALE $1,500,000 - $1,600,000

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A prime development site in Preston offering approved plans for six stylish townhouses in a high-demand, well-connected location.

🏡 Property Highlights

  • Approved plans for six architecturally designed townhouses
  • Prime high-growth corridor location on Plenty Road
  • Substantial allotment with ready-to-build development site
  • Well-designed mix of double-storey residences with natural light
  • Excellent connectivity to tram routes, shopping, and CBD
  • Turnkey development opportunity with permits in place

✨ Key Features

  • Open-Plan Living
  • Secure Parking
  • Outdoor Area
  • Built-in Robes
  • Waterfront / Views
  • Garage
  • Home Office / Study
  • Balcony
  • Ensuite
  • Air Conditioning

Preston is a vibrant suburb renowned for its strong community vibe, excellent transport links, and diverse shopping options. It offers a high-growth environment ideal for investors and developers, with proximity to major amenities like Northland Shopping Centre and Preston Market. The area boasts a mix of residential and commercial spaces, making it a highly desirable location for long-term growth. Local parks and quality schools add to its family-friendly appeal.

What is the zoning and planning status of this development site?
The site has approved plans for six townhouses, with permits in place, allowing for immediate development.
Are there any restrictions or covenants associated with this land?
Details regarding restrictions or covenants can be obtained from the local council or your planning consultant to ensure compliance.
What are the expected completion timelines for the approved development?
Timelines depend on the construction process, but with permits approved, development can commence promptly, subject to builder schedules.
Is there any existing infrastructure or services connected to the site?
The site benefits from existing access to essential services, including water, electricity, and sewerage, suitable for immediate development.
What are the potential risks or considerations for this development site?
Potential considerations include local planning regulations, site-specific conditions, and market demand, which should be reviewed with your development team.
Are there any hidden costs or additional fees associated with the development approval process? Has the site been surveyed for any easements, encumbrances, or zoning restrictions that could impact development? Are there any known environmental issues or site contamination concerns? What is the history of planning approvals and are there any pending applications or conditions? Is there any nearby construction or planned developments that could affect the project? Are there any bushfire or flood risks associated with the property? What are the strata or body corporate considerations if applicable? Are there any restrictions on building height, design, or land use in this zone? What are the local council requirements for development and compliance? Is the land suitable for the intended multi-dwelling project without significant remediation or upgrades?

380 Plenty Rd, Preston, VIC, 3072 - More Details

Permit Approved. Premium Preston Position. Six-Townhouse Opportunity on Plenty Road.

Positioned in one of Preston's most connected and high-growth corridors, this exceptional development site at 380 Plenty Road presents a rare opportunity to secure a fully considered multi-dwelling project with strong upside. Set on a substantial allotment with approved plans for six architecturally designed townhouses, the hard work has already been done, allowing builders, developers and savvy investors to step straight into a ready-to-deliver project. The design showcases a well-balanced mix of functional layouts, incorporating spacious living zones, multiple bedrooms, private open spaces and secure garaging, all tailored to meet the demands of today's market. The development comprises a thoughtfully planned configuration with a mix of double-storey residences, each designed to maximise natural light, street presence and internal flow. With modern façades and efficient floorplans, the project is perfectly suited for both resale and long-term investment strategies. Located directly on Plenty Road, the property benefits from immediate access to tram routes, local shopping strips, Northland Shopping Centre, quality schools and parklands, all while being only moments from Preston Market and the CBD-bound transport options. This is a location that consistently performs and continues to see strong buyer demand. Whether you're looking to build and sell, build and retain, or land bank with a permit in place, opportunities of this calibre in such a high-exposure position are increasingly hard to secure. A turnkey development opportunity in the heart of Preston, ready for your next project.

Map & nearby places — 380 Plenty Rd, Preston, VIC, 3072

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