Back 2/9 Belgrove Street
Off Market

2/9 Belgrove Street

Preston VIC 3072

2
1
1
226 m²
Unit
Last sold for $444,000
Ian DempseyIan Dempsey, last sold this property on 21 January 2026 after 8 days on market.

Overview

EOI Ending Fri 6 Feb 5pm | Rare Opportunity in a Tightly Held Preston Pocket

Positioned in a tightly held and highly sought-after pocket of Preston, 2/9 Belgrove Street presents a compelling opportunity for developers, builders, and astute investors seeking a well-located site with strong future potential. Set on a generous allotment, the property offers scope to redevelop, rebuild, or further enhance (subject to council approval), making it an ideal candidate for those looking to capitalise on a premium inner-north location. The existing dwelling is currently liveable and offers basic accommodation, providing the option to hold or potentially lease while planning future works. However, the true value lies in the land and its potential, with the site's proportions and position lending themselves to a range of possible outcomes (STCA). The location is a standout for future development success. Situated close to Plenty Road trams, Preston Market, High Street cafés and restaurants, local schools, and parklands, the property enjoys exceptional lifestyle appeal. Northland Shopping Centre, La Trobe University, and major arterial roads are also within easy reach, ensuring strong end-user demand and long-term growth fundamentals. Offering a rare combination of development upside, flexibility, and a premium Preston address, this is an outstanding opportunity for those seeking to secure a site with genuine potential in one of the inner north's most in-demand pockets.

Features

2 bedrooms
1 bathroom
1 carspace
1 open car space
226 m² lot size
Unit

Estimated Value

Based on this property and similar 2 bedroom units sold in Preston over the last 12 months, the estimated median property value of 2/9 Belgrove Street is $690k.

Median value
$690k
Estimated value range
$390k - $847k
Median days on market
22
Estimated value trend
9%
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 2/9 Belgrove Street

2026
Sold
$444,000
21 Jan 2026 by Ian Dempsey, of Ray White Preston

Happy sellers in Preston

97%
97% 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 122 reviews in Preston over the last 12 months.

Local market activity for 2 bedroom units in Preston

In the last 12 months, 9 two-bedroom units similar to 2/9 Belgrove Street, have been sold.

This represents a 55% increase in two-bedroom units sales when compared to the previous 12 months.

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