1/115 High Street Preston VIC 3072

Boutique block | North-facing living | Secure garage | Walkable transit | No overlays This first-floor unit in a small, well-located block presents a competitively strong offering for an owner-occupier seeking convenience and low-maintenance living. Its north-facing living area with balcony, secure underground parking, and absence of planning overlays provide a tangible quality-of-life and security edge over typical stock in the area. The configuration best serves a downsizer or professional seeking a permanent residence within walking distance of High Street amenities and Bell Station. The primary risk is valuation based on dated comparable sales within the building, creating ambiguity against the current asking price. The boutique scale mitigates major capital works risk but necessitates scrutiny of owners corporation health. Acquire only if due diligence confirms the price aligns with recent, external market evidence, otherwise hold for long-term occupation to capitalise on the location. Our report would ground your offer with a current market valuation and audit the building’s strata health, locality risks, and insurability. Recent sales within this specific building provide a relevant benchmark: – 5/115 High Street (1 bed): Sold July 2019 for $335,000. – 13/115 High Street (1 bed): Sold June 2025 for $385,000. This trajectory suggests established demand for the building, but the subject property’s larger two-bedroom format must command a clear premium, which requires validation against sales of similar two-bedroom units in the immediate precinct.