Back 24 Victoria Street
Off Market

24 Victoria Street

Preston VIC 3072

2
1
1
586 m²
House
Last sold for $1,035,000
Jason SalanJason Salan, last sold this property on 19 December 2025 after 56 days on market.

Overview

Premium Development Opportunity on 586 sq m (Approx.)

Superbly positioned just south of Bell Street and on the Thornbury border, 24 Victoria Street offers a rare and highly sought-after opportunity to secure a prime development site in one of Preston's strongest growth pockets. Set on a generous 586sqm (approx.) of flat, rectangular land with wide frontage, the property is primed for multi-unit/townhouse development, or a prestige rebuild (STCA). With the added appeal of a liveable 2-bedroom home and strong rental potential, this is a strategic acquisition for developers, land bankers, or long-term investors. Property Highlights: * Substantial 586sqm (approx.) allotment in a premier inner-north location * Excellent development potential (STCA) in Residential Growth Zone * Flat, rectangular block with wide street frontage * South of Bell Street, bordering Thornbury – a proven lifestyle hotspot * Existing 2-bedroom, 1-bathroom residence with rental or live-in potential * Strong local demand for quality townhouses and boutique builds Location Benefits: * Easy walk to Thornbury Train Station and multiple tram routes * Close to vibrant High Street shopping, cafes & Thornbury Village * Moments from local parks, schools, and Preston South Shopping Centre * Just 8km (approx.) to Melbourne CBD Opportunities of this calibre, land size, and location are increasingly rare. With everything in place for your next successful development or investment move, 24 Victoria Street is a must-inspect.

Features

2 bedrooms
1 bathroom
1 carspace
1 garage space
586 m² lot size
House

Estimated Value

Based on this property and similar 2 bedroom houses sold in Preston over the last 12 months, the estimated median property value of 24 Victoria Street is $1.02m.

Median value
$1.02m
Estimated value range
$771k - $1.61m
Median days on market
25
Estimated value trend
0%
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 24 Victoria Street

2025
Sold
$1,035,000
19 Dec 2025 by Jason Salan, of Fletchers Inner North

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 2 bedroom houses in Preston

In the last 12 months, 45 two-bedroom houses similar to 24 Victoria Street, have been sold.

This represents a 19% increase in two-bedroom houses sales when compared to the previous 12 months.

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