1/36 Holly Street, Preston VIC 3072

Front position in boutique block | 2017 build with low maintenance | dual living zones across two floors | walk to primary school and tram This townhouse occupies a rare configuration in Preston’s tightly held inner-ring: a front townhouse in a block of three, built only seven years ago, which means lower body corporate exposure and a more private street presence than a rear unit. The 104-square-metre floorplan is efficient rather than generous, but the separation of living downstairs and bedrooms upstairs with a study nook creates genuine family functionality that competing two-bedroom apartments in newer developments lack. The sun-drenched living area and undercover courtyard extend usable space without land cost, making this property suitable for a first-home buyer seeking a lock-and-leave foothold, or an investor targeting the professional renter drawn to the Preston North East Primary School catchment and tram access. The 196-square-metre lot is small, which limits future capital growth relative to a house on land, and the price guide sits near the top of comparable two-bedroom townhouses in the area, meaning the buyer pays a premium for the new-build condition rather than scarcity. There is no second bathroom or dedicated laundry, which may reduce appeal for downsizers or couples sharing. The opportunity lies in the property’s low ongoing costs and strong rental demand in this pocket of Preston—the 2017 build standard and NBN connectivity support a premium rent. Hold this property for five to seven years as a low-maintenance base or income-producing unit, and sell when the next cycle lifts values in the Darebin corridor.