Buy a property
Sell your property
Find your local agent

Opportunity knocks

Here for your property journey

News and market insights

Property experts since 1902

Browse

Terms

Floorplan Show all photos

Offers close 20 Nov

504 Gilbert Road,
Preston 3072, Victoria

3 bedrooms
1 bathroom
4 car spaces
860m² land size
101m² building size
House

$1,250,000 - $1,320,000

Property Price Statement

Property details

EOI Ending Fri 20 Nov 5pm | A Rare West Preston Opportunity with Boundless Potential

Positioned in the heart of West Preston, 504 Gilbert Road presents an exceptional opportunity for developers, renovators and visionary buyers seeking a substantial parcel of land in one of Preston's most tightly held pockets. Set on an impressive 860sqm (approx.) allotment with a frontage exceeding 15 metres, this is a property where the possibilities are as exciting as the location itself.

The scale of the land immediately sets this offering apart, providing an outstanding foundation for those looking to explore its significant development potential (STCA). Whether your vision is to create a multi-residence project, capitalise on the generous dimensions of the allotment or undertake a substantial transformation, the proportions and positioning offer an exciting canvas for the future.

Adding another layer of appeal is the enormous garage and workshop at the rear, offering an incredible amount of space rarely seen in residential properties. Its sheer scale presents endless possibilities for tradespeople, car enthusiasts, storage or those requiring an expansive workspace. Complementing this impressive addition is an underground swimming pool, creating a unique feature within the property's expansive backyard.

For those who appreciate beautiful period features, the existing residence provides the perfect starting point for a thoughtful renovation. With its character, substantial land and enviable West Preston address, there is also the opportunity to breathe new life into the home while preserving the charm that makes it so special.

Set within a highly sought-after location, moments from local shops, cafes, transport, schools and the lifestyle amenities that make Preston so desirable, this is a rare opportunity to secure a property with genuine scope to add value and create something remarkable.

860sqm (approx.) of opportunity. A substantial frontage. An extraordinary workshop. An underground pool. A location that speaks for itself.

504 Gilbert Road is a property with a future as compelling as its present.

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.

Inspections

Explore the area

Static map image for property View in Google Maps

School catchments

  • St Raphael's School Primary Prep-6 Catholic 0.34km
  • Newlands Primary School Primary Prep-6 Government 0.61km
  • Preston West Primary School Primary Prep-6 Government 0.77km
  • Reservoir West Primary School Primary Prep-6 Government 1.0km
  • Preston Primary School Primary Prep-6 Government 1.7km

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.

Back to top