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161 Dundas Street,
Preston 3072, Victoria

3 bedrooms
1 bathroom
4 car spaces
693m² land size
House

$1,120,000

Property Price Statement

Property details

Invest in Location. Capitalise on Potential.

Positioned on the highly coveted Preston-Thornbury border, this exceptional 693sqm (approx.) allotment presents an increasingly rare opportunity to secure premium real estate in one of Melbourne's most tightly held and consistently high-performing pockets. Offering the value of a Preston address with the lifestyle and prestige of neighbouring Thornbury, this is an outstanding opportunity for investors, developers (STCA), renovators and land bankers looking to capitalise on a blue-chip location.

The existing three-bedroom residence offers a solid foundation for those looking to renovate and add value, while the substantial landholding opens the door to endless future possibilities (STCA). Complete with multiple living spaces, extensive garage and workshop facilities, and ample off-street parking, the property provides the flexibility to transform, rebuild or redevelop in a location where opportunities of this scale are becoming increasingly scarce.

What truly sets this property apart is its unbeatable lifestyle location. Just moments from the vibrant High Street precinct, you'll find an endless selection of renowned cafes, restaurants, wine bars and boutique shopping right at your doorstep. Tram Route 86 along Plenty Road is only a short stroll away, providing seamless access to the CBD and surrounding suburbs, while nearby train stations and major arterial roads make commuting effortless.

Families will appreciate the excellent educational options, with Penders Grove Primary School just a short walk away, along with the high regarded thornbury high school.

Whether you're looking to renovate, invest, land bank for the future or secure a premium development opportunity (STCA), 161 Dundas Street delivers the perfect combination of location, land size and long-term capital growth potential. A rare offering where Preston affordability meets the highly sought-after Thornbury lifestyle-this is an opportunity not to be missed.

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

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School catchments

  • Penders Grove Primary School Primary Prep-6 Government 0.14km
  • Holy Spirit School Primary Prep-6 Catholic 0.81km
  • Preston South Primary School Primary Prep-6 Government 0.94km
  • Wales Street Primary School Primary Prep-6 Government 1.1km
  • St Mary's School Primary Prep-6 Catholic 1.3km

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.

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.

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