20 Victoria Street Preston, VIC 3072

Positioned on a highly sought-after corner allotment in one of Preston's most desirable pockets south of Bell Street, this is an outstanding opportunity to secure a premium landholding in a location that continues to experience strong buyer demand and long-term growth.

Whether you're dreaming of designing and building your forever home, creating a luxurious family residence or capitalising on the site's development potential (STCA), the possibilities here are as exciting as the location itself. With its valuable corner position offering outstanding flexibility for future plans, this is the type of opportunity that rarely becomes available in such an established inner-northern neighbourhood.

The existing residence comprises two bedrooms, a central bathroom, separate living area, functional kitchen and meals area, along with a detached study and shed. While the home remains on the site, the true appeal lies in the exceptional landholding and the exciting scope to create something truly special.

Location is undoubtedly one of this property's greatest assets. Enjoy the convenience of living just moments from Preston Market, High Street's renowned café and dining precinct, local shopping, quality primary and secondary schools, parklands and recreational facilities. Families will also appreciate the property's zoning for the highly regarded Thornbury High School, adding further long-term appeal. Public transport is easily accessible with Bell Station and Plenty Road trams nearby, while excellent road connections provide a straightforward commute to Melbourne's CBD.

Preston continues to be one of Melbourne's most tightly held and rapidly evolving suburbs, attracting families, professionals, developers and investors alike thanks to its vibrant lifestyle, outstanding amenity and consistent capital growth. Opportunities to secure a corner block in this blue-chip pocket are becoming increasingly scarce, making this an investment in both your future and one of the city's most desirable locations.

Whether you're looking to build your dream home, undertake a boutique development (STCA), expand your investment portfolio or secure a significant landholding in a premium location, this exceptional property presents endless possibilities.