$1,380,000 - $1,450,000

Positioned in one of Preston’s most tightly held and consistently high-performing pockets, south of Bell Street and right on the Thornbury border, this elevated solid double-brick Art Deco residence represents a rare opportunity to secure blue-chip inner-north real estate with substantial upside. Surrounded by proven capital growth, strong buyer demand and increasing medium-density development, the location alone underpins its long-term investment appeal.

Set on an elevated allotment with city views and commanding street presence, the home offers immediate comfort alongside outstanding scope to renovate, extend or redevelop (STCA). Located within a high-density zoning and not heritage listed, the property provides flexibility rarely found in such a premium lifestyle precinct — ideal for developers, investors or owner-occupiers seeking to capitalise on future growth.

Inside, original period features including decorative cornices, ceiling rosettes and character doors highlight its enduring appeal, while oversized bedrooms, multiple living zones and a north-facing backyard and sunroom deliver natural light and functional family living. Existing improvements such as updated central heating, a renovated bathroom and generous storage ensure comfortable occupancy or rental income while future plans are considered.

The lifestyle credentials are equally compelling — zoned for Preston High School, moments to Thornbury High, local parks, cafés and High Street dining, with buses at the doorstep, trams and trains nearby, and seamless CBD access. A strategic acquisition in a high-growth corridor, offering location security, development flexibility and significant long-term potential.