3 Mount Street, Preston, Vic 3072

A rare and rewarding opportunity for developers and builders—this substantial 650sqm (approx.) allotment comes with approved planning permits to construct two architecturally designed town residences in one of Preston’s most connected and in-demand pockets.

With wide street frontage and a flat block, the site is primed for immediate development—saving you valuable time and planning costs. Alternatively, savvy buyers may explore further possibilities: redesign for a higher-yield multi-unit project (STCA), or create a bespoke luxury residence in a thriving family-friendly locale.

The existing Californian Bungalow features 3 bedrooms, 2 bathrooms, dual fireplaces, undercover entertaining, and a spacious rear garden with ample off-street parking—offering holding income or renovation potential.

Perfectly positioned near Gilbert Road trams, Bell Station, Preston Market, Merri Creek trails and leading schools—this is a blue-chip site with strong buyer demand and long-term capital growth.