24A Stott Street, Preston VIC 3072
24A Stott Street, Preston VIC 3072
24A Stott Street is a contemporary dual occupancy residence with 3 bedrooms, 3 bathrooms, a study, and secure parking for 2 vehicles across approximately 248 square metres of internal living on a 248 square metre lot. There is no owners corporation.
What is competitively strong here is the configuration itself. A three bedroom, three bathroom home with a study on a single level and no owners corporation is rare in modern infill stock. The bathroom count is unusually high for a three bedroom home, which signals genuine ensuite provision and flexibility for guests or flatmates. Positioned right on the Thornbury border in West Preston, the property benefits from walkable access to High Street cafes, Preston Market, and public transport. This location is sought after for its blend of convenience and established neighbourhood character. The property serves best a professional couple or small family who wants modern space without strata constraints and values lifestyle proximity over a large backyard.
Several factors may materially affect the value or sale price here. The dual occupancy arrangement means the property sits on a subdivided lot, which can limit future redevelopment potential compared to a single dwelling on a larger block. Street frontage in a dual occupancy context may introduce some noise exposure that a rear unit would avoid. The land size discrepancy between sources, 241 versus 248 square metres, is minor but worth clarifying through a title search. The absence of an owners corporation is a genuine advantage for cost and autonomy, but buyers should confirm there are no shared infrastructure agreements with the neighbouring dwelling. The study adds functional value for work from home buyers, which may broaden demand.
Detailed Independent Property Report prepared by PropCred Analyst team for 24A Stott Street, Preston VIC 3072
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
2
Income Risk
2
Execution Risk
2
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Market Insight
Preston is a well-established, family-oriented suburb with strong professional demographics and excellent connectivity to Melbourne’s CBD, underpinning steady demand. The market is primarily driven by owner-occupying families, reflected in robust house sales and stable capital values, while the unit segment presents a more varied performance. Recent conditions show houses transacting efficiently, supported by rental growth, though modest price appreciation and divergent unit trends indicate sensitivity to broader economic factors. Future appeal is anchored in its infrastructure and established character, with the key constraint being the softer performance of the apartment market.
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PropCred Estimated Value
Bedrooms
3
Bathroom
3
Parking
2
Land
248m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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