Back 161 Dundas Street
Off Market

161 Dundas Street

Preston VIC 3072

3
1
4
693 m²
House
Last sold for $1,120,000
Ian DempseyIan Dempsey, last sold this property on 24 August 2026 after 33 days on market.

Overview

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.

Features

3 bedrooms
1 bathroom
4 carspaces
2 open car spaces
2 garage spaces
693 m² lot size
House

Estimated Value

Based on this property and similar 3 bedroom houses sold in Preston over the last 12 months, the estimated median property value of 161 Dundas Street is $1.21m.

Median value
$1.21m
Estimated value range
$680k - $1.98m
Median days on market
25
Estimated value trend
4%
increase 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 161 Dundas Street

2026
Sold
$1,120,000
24 Aug 2026 by Ian Dempsey, of Ray White Preston

Happy sellers in Preston

93%
93% 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 110 reviews in Preston over the last 12 months.

Local market activity for 3 bedroom houses in Preston

In the last 12 months, 169 three-bedroom houses similar to 161 Dundas Street, have been sold.

This represents a 6% increase in three-bedroom houses sales when compared to the previous 12 months.

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