2/57 Jensen Road, Preston VIC 3072

2-bed townhouse | Preston north of High St | dual bathrooms | 494sqm block | auction campaign with low price guide This townhouse sits on a rare full-sized block in Preston’s quieter northern pocket, where most comparable units are on subdivided lots. The dual bathrooms and separate car space give it genuine liveability for a couple or small family—buyers here typically face compromises on space or parking. The land component is the structural advantage: 494sqm with no heritage or flood overlays signals future subdivision or extension potential, if council appetite permits. It serves best an owner-occupier wanting a foothold in a suburb with strong clearance rates and schools within walking distance, rather than an investor chasing yield. The auction price guide sits notably below the estimated range, which creates a risk of buyer fatigue if the reserve is set higher than market expectations. The campaign’s long inspection schedule suggests the agent is testing depth, not generating urgency. Rental income of $600–$705 per week is achievable but unexceptional for a property of this size; the yield will be compressed at the upper end of the price range. The buyer should treat the land as the primary hold—renovate to lift equity, or hold for land value appreciation in a suburb with consistent 71% clearance rates.