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
