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283 Bell Street,
Preston 3072, Victoria
$880,000
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SOLD $880,000 BY HILDA LEONG
Development Potential with Rental Income or Renovation Dream for First Home Buyers
Unlock the potential of this premium site in a vibrant and highly sought-after location. This property offers developers an unparalleled opportunity to create something truly special, while also being ideal for first home buyers looking to renovate and make it their own.
Key Features:
- Generous Land Size: A substantial land parcel, perfect for multi-unit development (STCA) or a spacious family home.
- Strategic Location: Situated on bustling Bell Street, with easy access to public transport, shopping precincts, and major arterial roads.
- Strong Rental Yield: The existing structure provides excellent rental income, offering immediate cash flow as you plan your development or renovation.
- Endless Possibilities: Developers can retain and renovate or redevelop into a lucrative multi-residential project, while first home buyers have the chance to transform this property into their dream home.
- High Demand Area: Preston's rapid growth and transformation make this a prime spot for residential or mixed-use development, with strong appeal to both investors and homeowners.
This is a rare chance to secure a significant piece of Preston's future. Whether you're a developer seeking a profitable project or a first home buyer eager to create your perfect space, this property offers the best of both worlds.
Land size: 453m2 approx
Deposit: 10% of the purchase price
Settlement preference: 45/60/90 days
Rental assessment: $480-$520 per week (currently leased at $491 per week)
Unlock the potential of this premium site in a vibrant and highly sought-after location. This property offers developers an unparalleled opportunity to create something truly special, while also being ideal for first home buyers looking to renovate and make it their own.
Key Features:
- Generous Land Size: A substantial land parcel, perfect for multi-unit development (STCA) or a spacious family home.
- Strategic Location: Situated on bustling Bell Street, with easy access to public transport, shopping precincts, and major arterial roads.
- Strong Rental Yield: The existing structure provides excellent rental income, offering immediate cash flow as you plan your development or renovation.
- Endless Possibilities: Developers can retain and renovate or redevelop into a lucrative multi-residential project, while first home buyers have the chance to transform this property into their dream home.
- High Demand Area: Preston's rapid growth and transformation make this a prime spot for residential or mixed-use development, with strong appeal to both investors and homeowners.
This is a rare chance to secure a significant piece of Preston's future. Whether you're a developer seeking a profitable project or a first home buyer eager to create your perfect space, this property offers the best of both worlds.
Land size: 453m2 approx
Deposit: 10% of the purchase price
Settlement preference: 45/60/90 days
Rental assessment: $480-$520 per week (currently leased at $491 per week)
All information about the property has been provided to Ray White by third parties. Ray White has not verified the information and does not warrant its accuracy or completeness. Parties should make and rely on their own enquiries in relation to the property.
Due diligence checklist for home and residential property buyers.
Explore the area
School catchments
- Sacred Heart School Primary Prep-6 Catholic 0.12km
- Parade College - Preston Campus Secondary Catholic 0.18km
- Preston South Primary School Primary Prep-6 Government 0.35km
- St John's College Preston Combined Prep-12 Independent 0.45km
- Preston High School Secondary 7-12 Government 0.54km
- SEDA College (Victoria) - AFL- Preston Secondary Independent 0.65km
- Preston West Primary School Primary Prep-6 Government 1.2km
- Bell Primary School Primary Prep-6 Government 1.3km
- St Mary's School Primary Prep-6 Catholic 1.3km
- Thornbury Primary School Primary Prep-6 Government 1.3km
- Penders Grove Primary School Primary Prep-6 Government 1.3km
- Charles La Trobe P-12 College-The Pavilion Campus - Preston East Combined Government 1.5km
- St Raphael's School Primary Prep-6 Catholic 1.7km
- Fitzroy Community School - Thornbury Campus Primary Independent 1.7km
- Preston Primary School Primary Prep-6 Government 1.7km
- Wales Street Primary School Primary Prep-6 Government 1.8km
- Northern College of the Arts and Technology Secondary 10-12 Government 1.9km
- Holy Spirit School Primary Prep-6 Catholic 2.0km
- Holy Name School Primary Prep-6 Catholic 2.1km
- Thornbury High School Secondary 7-12 Government 2.2km
- Antonine College - Cedar Campus Combined Catholic 2.3km
- Bindjiroo Yaluk Community School-The Island Campus Secondary Government 2.5km
- Virtual School Victoria Combined Prep-12 Government 2.6km
- Sydney Road Community School-Coburg Teaching Unit Secondary Government 2.7km
- Santa Maria College Secondary 7-12 Catholic 2.8km
- Coburg High School Secondary 7-12 Government 2.9km
- East Preston Islamic College Combined Prep-12 Independent 2.9km
- Islamic College of Sport Secondary 11-12 Independent 3.3km
Nearest schools, measured in a straight line from the property. Provided as a guide only; check catchment and enrolment eligibility with the school. School data © ACARA, licensed under CC BY 4.0.
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Contact Hilda Leong
Contact Hilda Leong
Hilda Leong
283 Bell Street, Preston VIC 3072
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Hilda Leong
283 Bell Street, Preston VIC 3072