106/501 Plenty Road, Preston VIC 3072

2-bedroom flat with dual parking | 81sqm modern interior | Preston zoning without overlays | 5G coverage included This property occupies a rare position within the Preston apartment market by pairing two dedicated car spaces with a genuine 81-square-metre internal floorplan, a configuration that immediately separates it from the majority of new-build flats where parking and space are typically compressed. The modern kitchen with dishwasher and large fridge provision, combined with a private balcony, makes the unit suitable for owner-occupiers seeking low-maintenance living without sacrificing amenity, or for investors targeting tenants who prioritise convenience and storage. The absence of bushfire, flood, and heritage overlays removes common friction points for both financing and future resale, and the Darebin council area supports stable demand from families and professionals drawn to the school zoning. The primary risk is the unit’s position within a larger 1,017-square-metre lot, which may limit individual capital growth compared to standalone houses or smaller boutique developments, and the lack of available floor plans or ownership history reduces transparency for precise valuation work. However, the recent sales evidence at $600,000 provides a credible benchmark, and the median rental estimate of $560 per week offers a reasonable yield for a flat of this size and specification. Hold this property as a long-term income-producing unit or as a well-located owner-occupied base, and monitor the broader Preston supply pipeline for any impact on future price growth.