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Back 61 Regent Street
Off Market

61 Regent Street

Preston VIC 3072

10
8
6
1126 m²
Block of units
Last sold for $2,780,000
Arthur TorpatzisArthur Torpatzis, last sold this property on 14 May 2025 after 205 days on market.

Overview

Prime Investment Opportunity in Sought-After Location

Exceptionally rare to the market and ideally positioned just 200m (approx.) from Regent Railway Station, this remarkable 1,126 sq m (approx.) parcel of land offers a prime investment opportunity. The property features a well-maintained 3-bedroom home and seven 1-bedroom residences, all conveniently held on a single title. For investors, this property offers strong future growth potential along with a current income stream of $141,500 per annum, with the possibility to increase to approximately $160,000 per annum in the near term. For developers, there's an exciting opportunity to subdivide (STCA), unlocking even more value. Located just 10km from Melbourne's CBD, this prime spot offers easy access to Preston Market, local cafes and restaurants, Preston Primary School, the Western Ring Road, the Gilbert Road tram, and Edwards Lake. * 1,126 sq m (approx.) of prime land * Includes 2-bedroom and seven 1-bedroom homes * Current income: $141,500 per annum * Potential income: $160,000 per annum * 10km to Melbourne CBD This is a rare opportunity not to be missed! Terms: 10% deposit, balance 30/60/90 days

Features

10 bedrooms
8 bathrooms
6 carspaces
6 garage spaces
1126 m² lot size
Block of units

Estimated Value

We need at least 3 similar 10 bedroom block of units sold in Preston over the last 12 months.

Property history for 61 Regent Street

2025
Sold
$2,780,000
14 May 2025 by Arthur Torpatzis, of Fletchers Bundoora

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 120 reviews in Preston over the last 12 months.

Local market activity for 10 bedroom block of units in Preston

Nearby agents

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Sahil Bhasin

Sahil Bhasin is an award winning recommended agent for Preston.  They have 79 local sales and collected 26 local reviews across the last 12 months.

  •   5   (90 reviews)
  •  26 Reviews in Preston
  •  79 Sales in Preston
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Ian Dempsey

Ian Dempsey is an award winning recommended agent for Preston.  They have 48 local sales and collected 23 local reviews across the last 12 months.

  •   4.9   (492 reviews)
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Josie Galati

Sellers who recommend Josie Galati have praised them for being clear communication, supportive, responsive, well-prepared, pleasant, local expert and honest

  •   4.9   (152 reviews)
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George Gimelli

George Gimelli is a recommended agent for Preston.  They have 17 local sales and collected 7 local reviews across the last 12 months.

  •   5   (47 reviews)
  •  7 Reviews in Preston
  •  17 Sales in Preston
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