24 Highview Road Preston VIC 3072

Art Deco single-storey | 560sqm block, 39% site coverage | 3–4 bed, pool detected | 85% owner-occupied street, high long-term tenure The house’s competitive edge lies in its low site coverage of 39% on a 560sqm block, offering rare expansion potential in a street where 85% of properties are owner-occupied and 75% held long-term—signalling stable demand and limited turnover. The Art Deco shell with a detected pool adds character and lifestyle appeal, while zoning for Preston North East Primary School suits families. This property best serves a buyer seeking a renovator or land bank in a tightly held pocket, with the auction guide suggesting room to negotiate below automated valuations. The primary risk is the discrepancy between the $1.15m–$1.23m guide and the higher automated estimate of $1.306m, which may indicate overpricing if the market softens. The 2002 purchase price of $240,000 implies significant land value uplift, but the single-storey configuration and 8m roof height limit vertical expansion without council approval. Opportunity lies in leveraging the pool and gardens as immediate lifestyle assets while planning a rear extension or second storey. Hold this property for medium-term capital growth in a suburb with a 75% auction clearance rate and 41-day average selling period.