103 Albert Street, Preston VIC 3072
103 Albert Street, Preston VIC 3072
2 bed, 1 bath brick house on 813sqm. Single level with double garage, ducted heating and evaporative cooling. Internal area approximately 90sqm.
This property offers something increasingly rare in Preston—a generous land holding paired with a modest, liveable home. The 813sqm allotment is the standout feature, well above what is typical for the suburb and likely to appeal most to buyers looking for space to renovate, extend, or potentially redevelop over time. Its position near Northland Shopping Centre, tram and bus routes adds genuine walkability, and the single-level brick construction suits those wanting low-maintenance living without strata constraints. The two-bedroom configuration is less common here, which may narrow the buyer pool slightly, but for downsizers, investors, or families planning a future project, the land size creates meaningful flexibility.
The price guide sits in a range where the land value is doing most of the work. The house itself is older brick construction, so some buyers may factor in updating costs for kitchen, bathroom, or general finishes. The evaporative cooling is functional but not as effective as refrigerated air in extreme heat, which could be a consideration for some. Parking data appears inconsistent across sources, so confirming the double garage arrangement in person is sensible. The large lot may also attract interest from developers or renovators, which could push competition above what a standard two-bedroom home would generate. These factors together mean the final price may depend heavily on how buyers value the land versus the existing dwelling.
Detailed Independent Property Report prepared by PropCred Analyst team for 103 Albert Street, Preston VIC 3072
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
Income Risk
1
Execution Risk
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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
2
Bathroom
1
Parking
4
Land
813m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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