EOI Ending Fri 6 Feb 5pm | Rare Opportunity in a Tightly Held Preston Pocket

Positioned in a tightly held and highly sought-after pocket of Preston, 2/9 Belgrove Street presents a compelling opportunity for developers, builders, and astute investors seeking a well-located site with strong future potential. Set on a generous allotment, the property offers scope to redevelop, rebuild, or further enhance (subject to council approval), making it an ideal candidate for those looking to capitalise on a premium inner-north location.

The existing dwelling is currently liveable and offers basic accommodation, providing the option to hold or potentially lease while planning future works. However, the true value lies in the land and its potential, with the site's proportions and position lending themselves to a range of possible outcomes (STCA).

The location is a standout for future development success. Situated close to Plenty Road trams, Preston Market, High Street cafés and restaurants, local schools, and parklands, the property enjoys exceptional lifestyle appeal. Northland Shopping Centre, La Trobe University, and major arterial roads are also within easy reach, ensuring strong end-user demand and long-term growth fundamentals.

Offering a rare combination of development upside, flexibility, and a premium Preston address, this is an outstanding opportunity for those seeking to secure a site with genuine potential in one of the inner north's most in-demand pockets.

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.

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School catchments

Charles La Trobe P-12 College-The Pavilion Campus - Preston East Combined Government 0.82km
Northern College of the Arts and Technology Secondary 10-12 Government 0.83km
Preston South Primary School Primary Prep-6 Government 1.0km
Penders Grove Primary School Primary Prep-6 Government 1.1km
Preston High School Secondary 7-12 Government 1.2km
Parade College - Preston Campus Secondary Catholic 1.2km
Sacred Heart School Primary Prep-6 Catholic 1.3km
Thornbury High School Secondary 7-12 Government 1.4km
Preston North East Primary School Primary Prep-6 Government 1.6km
SEDA College (Victoria) - AFL- Preston Secondary Independent 1.6km
Holy Name School Primary Prep-6 Catholic 1.7km
St John's College Preston Combined Prep-12 Independent 1.7km
Holy Spirit School Primary Prep-6 Catholic 1.8km
Preston Primary School Primary Prep-6 Government 1.8km
East Preston Islamic College Combined Prep-12 Independent 1.9km
St Mary's School Primary Prep-6 Catholic 2.0km
Virtual School Victoria Combined Prep-12 Government 2.0km
Wales Street Primary School Primary Prep-6 Government 2.0km
Charles La Trobe P-12 College-Olympic Village Primary Campus Combined Government 2.0km
Preston West Primary School Primary Prep-6 Government 2.2km
Reservoir High School-Heidelberg Secondary Teaching Unit Secondary Government 2.7km
Reservoir High School Secondary 7-12 Government 2.7km
Santa Maria College Secondary 7-12 Catholic 3.1km
Ivanhoe Girls' Grammar School Combined Prep-12 Independent 3.5km
Antonine College - Cedar Campus Combined Catholic 3.6km

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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