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24 Ruby Street

Preston VIC 3072

4
2
4
468 m²
House
Currently for sale - view listing

Overview

Development Opportunity in the Heart of Preston

Positioned in a highly sought-after Preston location, 24 Ruby Street presents an outstanding opportunity for developers, builders and astute investors looking for a property where the true value lies in the land. The existing home is approximately 70 years old and requires renovation, making this property ideal for buyers who can see beyond the current dwelling and unlock the potential of the site. Set on a valuable parcel of land, the property offers an exciting opportunity to redevelop and potentially build multiple units or townhouses. With strong demand for quality new housing in Preston, this is a chance to secure a site in an established and highly connected suburb. The existing residence comprises 2 bedrooms, 2 bathrooms, a bungalow and a separate studio, providing potential holding or rental options while plans and approvals are considered. The property also features a central kitchen with ample storage, floorboards and ducted heating. While the home is in need of updating, the land and development potential are the key attractions. Key Features Approx. 70-year-old existing dwelling 2 bedrooms 2 bathrooms Bungalow Separate studio Ducted heating Floorboards Valuable land with development potential Ideal for builders, developers and investors Potential for multiple units/townhouses Nearby Amenities Shopping & Dining Preston Central & High Street - approx. 4-5 mins Preston South Shopping Centre - approx. 5 mins Northland Shopping Centre - approx. 6 mins High Street cafés, restaurants, bars & local shops - approx. 4-5 mins Schools & Education Preston South Primary School - approx. 4 mins Bell Primary School - approx. 5 mins Preston High School - approx. 5 mins Charles La Trobe P-12 College - approx. 6 mins Northern College of the Arts & Technology - approx. 7 mins Transport Bell Train Station - approx. 5 mins Preston Train Station - approx. 5 mins Plenty Road tram services - approx. 5-6 mins High Street tram & bus services - approx. 4-6 mins Parks & Recreation A.H. Capp Reserve - approx. 4 mins H.P. Zwar Park - approx. 5 mins Ray Bramham Gardens - approx. 5 mins T.A. Cochrane Reserve - approx. 6 mins Medical & Healthcare Preston Family Medical - approx. 5 mins Complete Care Preston - approx. 5 mins Northern Hospital Epping - approx. 15-20 mins Austin Hospital - approx. 12-15 mins Prime Preston Location Enjoy the convenience of established amenities, public transport, schools, parks, cafés and shopping all within easy reach. With excellent connectivity and strong demand for housing, 24 Ruby Street offers a rare opportunity to secure land in a tightly held Preston location and explore its future development potential (STCA). For developers and builders, the opportunity is in the land. Bring your vision and unlock the potential of this site. For more information or to arrange a private inspection, contact Ayomi on 0405 725 452. Due diligence checklist - for home and residential property buyers - http://www.consumer.vic.gov.au/duediligencechecklist

Features

4 bedrooms
2 bathrooms
4 carspaces
4 garage spaces
468 m² lot size
House

Property history for 24 Ruby Street

2021
Sold
Undisclosed
Private Sale/Treaty on 09 Apr 2021 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 112 reviews in Preston over the last 12 months.

Local market activity for 4 bedroom houses in Preston

In the last 12 months, 84 four-bedroom houses similar to 24 Ruby Street, have been sold.

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

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