Back 1 Paywit Street
Off Market

1 Paywit Street

Preston VIC 3072

5
3
4
House
Joe HortonJoe Horton, last sold this property on 04 December 2025 after 64 days on market.

Overview

Contemporary excellence behind a classic façade

A masterful integration of contemporary living behind a timeless 1920s façade, this instantly impressive family home delivers special spaces, exceptional refinement, and a Preston living experience that is second to none. Engineered Oak flooring introduces an interior featuring heritage highlights, including leadlight, double-hung windows, decorative cornice, timber fretwork, and roses to the high ceilings, perfectly integrated into living, entertainment, and accommodation spaces, where every element has been carefully considered. The ground floor complements a refined lounge anchored by a gas log fire with an expansive open plan living and dining area. Set under cathedral ceilings and flooded with natural light through clerestory windows, it integrates a stone-detailed kitchen that wraps around an 800 mm pyrolytic oven, an induction cooktop under a Qasair range hood, and an Asko dishwasher. Sharing the level is a study that provides a superb work-from-home space and a bedroom served by a luxurious bathroom featuring a walk-in shower and a back-to-the-wall bath. First floor spaces include a deluxe stone-finished bathroom introducing dual basins and a double shower and serving three bedrooms, two featuring built-in robes and one complete with a fitted walk-in robe. The remote, oversize double garage with a spacious workshop fitted with storage solutions is also home to a versatile studio/retreat/home office and gym space, all cleverly integrated into the upper level. Taking advantage of the corner location and a second driveway, you also have double gate access to the rear yard, providing off-street parking for an additional two cars. Outdoor entertainment options, including a low-maintenance steel veranda complete with blinds, a woodfire heater, a BeefEater mains gas BBQ, stone benchtops, and a sink with hot and cold water, create an alfresco sanctuary that will have you outside as often as in. Appreciated extras include ducted heating and vacuum, multiple split system units, temperature-controlled hot water, plantation shutters, an alarm, and abundant internal and external storage, including a garden shed. Enjoying zoning to Preston High and Preston West Primary, it's a short stroll to the Gilbert Road tram, a choice of supermarkets, the iconic Preston Market, Preston Station, and the culinary delights of High Street.

Features

5 bedrooms
3 bathrooms
4 carspaces
House

Estimated Value

Based on this property and similar 5 bedroom houses sold in Preston over the last 12 months, the estimated median property value of 1 Paywit Street is $1.5m.

Median value
$1.5m
Estimated value range
$925k - $2.43m
Median days on market
45
Estimated value trend
-18%
decrease over the last 12 months
Average days on market is based on recent, comparable sales in Preston. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 1 Paywit Street

2025
Sold
Undisclosed
Private Sale/Treaty on 04 Dec 2025 by Joe Horton, of Nelson Alexander Preston

Happy sellers in Preston

95%
95% of sellers in Preston reported that their sale price either exceeded or met their price expectations.

Preston stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 121 reviews in Preston over the last 12 months.

Local market activity for 5 bedroom houses in Preston

In the last 12 months, 13 five-bedroom houses similar to 1 Paywit Street, have been sold.

This represents a 8% increase in five-bedroom houses sales when compared to the previous 12 months.

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