EOI Ending Fri 12 Sep 5pm | Exceptional Opportunity with Plans for Three Townhouses

Perfectly placed in a blue-chip Preston location, 50 Harrow Street offers a rare opportunity to secure a prime landholding with approved plans for three townhouses. This exciting prospect presents the ideal foundation for developers, builders, or visionary buyers to bring to life a boutique project in one of Melbourne's most tightly held and well-connected suburbs. With thoughtfully designed plans already in place, the groundwork has been laid for a development that will appeal strongly to modern families, young professionals, and downsizers seeking stylish, low-maintenance living.

The location is equally as compelling as the opportunity itself. With Preston Market not too far away, residents will have Melbourne's most vibrant fresh food hub at their doorstep, complemented by the lively café culture, eateries, and shopping along High Street. Excellent public transport options are close by, including Preston Station and Tram 86 (Plenty Road), ensuring fast and convenient access to the CBD and surrounding suburbs. Families will appreciate the wide choice of nearby schools, while local parks, walking trails, and sporting reserves add to the strong lifestyle appeal. Northland Shopping Centre and Summerhill Shopping Centre are also within easy reach, providing a further mix of retail and entertainment options.

Beyond the location, the property's generous proportions and wide frontage offer excellent scope for building with style and efficiency, while the plans ensure a design that is practical, attractive, and suited to the strong buyer demand in the area. The potential to create three modern townhouses in such a sought-after address presents a chance to secure strong resale value or long-term rental returns in a market that consistently delivers growth.

Opportunities of this calibre rarely come to market in such a desirable pocket. Combining an enviable address, ready-to-go plans, and the promise of excellent rewards, 50 Harrow Street represents a project of true potential and lasting appeal. For those ready to act, it's a chance to make their mark in Preston's thriving property landscape and deliver a boutique development that will be highly sought after for years to come.

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

View in Google Maps

Find out how much home loan repayments will be

It’s important to understand repayment amounts before you apply for a home loan. A Loan Market broker can compare over 100 lenders to find the right loan for you. Use the Loan Market calculator to get a better indication of repayments.

Loan Market Pty Ltd | Australian Credit Licence 390222. All interest rates stated must include "p.a." and the relevant Comparison Rate in full.