1/151 Wood Street, Preston, Vic 3072

Auction $590,000 - $640,000

Unit
Type
2
Bedrooms
1
Bathrooms
1
Parkings
138.56 m²
Area

Published on Wednesday, October 21, 2026 ( See property details for 1/151 Wood Street, Preston, Vic 3072)

Auction $590,000 - $640,000

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

A well-located two-bedroom unit in Preston offering versatile living space, secure parking, and excellent potential for renovation or investment.

🏡 Property Highlights

  • Prime Preston location close to transport and shopping amenities
  • Versatile layout with scope for renovation and value addition
  • Secure garage providing convenient parking
  • Ideal for first-home buyers, renovators, and investors
  • Close to Northland Shopping Centre and Preston Market
  • Well-connected with nearby trams and local cafes

✨ Key Features

  • Garage
  • Built-in Robes
  • Open-Plan Living
  • Outdoor Area
  • Secure Parking
  • Floorboards
  • Internal Laundry
  • Pet-Friendly
  • Balcony
  • Water tank

Preston is a vibrant suburb renowned for its excellent transport links, diverse shopping options, and lively local cafes. It offers a mix of residential charm and urban convenience, making it ideal for first-home buyers, investors, and families alike. The area boasts easy access to major roads and public transport, ensuring seamless connectivity to Melbourne’s CBD and surrounding suburbs. With a strong community vibe and ongoing development, Preston continues to be a sought-after location for a balanced lifestyle.

What is the condition of the property and what renovation opportunities does it offer?
The property is in a livable condition with a versatile layout, offering ample scope for renovation and value addition to suit personal preferences or increase rental income.
Is the property suitable for first-home buyers and investors?
Yes, the property is ideal for first-home buyers seeking a manageable space and investors looking for a property with potential for future improvements and rental returns.
What amenities and transport options are nearby?
The property is conveniently located near Plenty Road trams, Northland Shopping Centre, Preston Market, local cafes, and shops, providing excellent connectivity and lifestyle convenience.
Are there any restrictions or special considerations for the property?
Details regarding restrictions or planning considerations are not specified; prospective buyers should conduct due diligence regarding local zoning and planning regulations.
Are there any hidden costs associated with the property, such as strata fees or maintenance charges? Has the property been inspected for structural issues or pest infestations? Are there any planning or zoning restrictions that could affect future renovations? Is the property located in a flood or bushfire-prone area? Are there any upcoming developments or construction projects nearby that could impact the property’s value or living environment? What are the terms of the current lease if the property is tenanted? Are there any easements or rights of way affecting the property? Has the property been compliant with all building codes and regulations? Are there any known issues with the property's plumbing, electrical systems, or foundation? What are the ongoing costs associated with maintaining the property?

1/151 Wood Street, Preston, Vic 3072 - More Details

Auction $590,000 - $640,000

Offering scope to improve and add value, this two-bedroom unit presents an opportunity for first-home buyers, renovators and investors in a convenient Preston location.

With a versatile layout and secure garage, the property provides a practical starting point for a fresh update or more substantial transformation. For investors, it offers the opportunity to improve the property over time and establish a rental investment close to transport, shopping and everyday amenities.

Close to Plenty Road trams and Northland Shopping Centre, and within easy reach of Preston Market, local cafés and shops, this well-connected address combines convenience with plenty of potential.
Type
Unit
Bedrooms
2
Bathrooms
1
Parkings
1
Area
138.56 m²

Price guide

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Auctions

  • 1/151 Wood Street, 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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