705/2 Plenty Road, Preston VIC 3072

7th floor panoramic views | 78sqm efficient layout | carport included | heritage overlay present This property offers a rare combination of elevated positioning and practical size in a well-connected Preston location. The 7th-floor aspect with unobstructed views and sun-drenched open-plan living creates a distinctive advantage over ground-level units in the same building. For a buyer seeking a lock-and-leave residence with strong rental fundamentals, the 78sqm internal area with separate carport provides genuine liveability that smaller one-bedroom units cannot match. This unit suits professionals or downsizers who prioritise natural light and outlook over garden space, and it sits within catchment for Thornbury Primary and Preston High School, adding family appeal. The heritage overlay introduces renovation constraints that limit future modification options, while recent building sales show flat or negative annual growth for units held long-term, suggesting capital appreciation may be subdued. However, the current rental yield potential around 4.2% aligns with suburb averages and offers reliable income. The NBN Fibre to the Building and 5G coverage support remote work capability. This property should be held for steady rental income rather than short-term capital gain, with the carport and floor level providing a retention edge over comparable listings.