28 Mount Street, Preston VIC 3072
28 Mount Street, Preston VIC 3072
3-bed 2-bath townhouse | corner block | north-facing timber deck | Smeg kitchen | low-maintenance 210m²
The property’s corner position and north-facing timber deck are considered uncommon for townhouse stock, delivering strong natural light and a private outdoor setting. Its 210m² land parcel is complemented by a 131m² internal layout, offering three bedrooms, two bathrooms, and secure parking. This combination is rare in this pocket. The specification is above average, with stone benchtops, Smeg appliances, and integrated heating and cooling elevating it beyond standard suburban townhouses. This townhouse is best suited to professionals, growing families, and downsizers seeking low-maintenance living within walking distance of trams, Bell Station, and Preston Market.
The smaller land size may be considered a limitation for buyers wanting a traditional garden. The property’s value might be most influenced by the condition of the timber deck and the quality of the corner-site landscaping, as these elements frame first impressions. Buyers may weigh the convenience of a low-maintenance townhouse against the premium typically associated with larger Preston allotments, while the 2021 sale and contemporary specification provide confidence in its condition.
Detailed Independent Property Report prepared by PropCred Analyst team for 28 Mount Street, Preston VIC 3072
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
Income Risk
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
Comparable Sales: 28 Madeline Street, Preston sold $1.1M in 2019 | Property Price Band: $1.1M–$1.2M | Value Drivers: corner position with north-facing deck, modern high-spec interior, low-maintenance 210m² parcel
Bedrooms
3
Bathroom
2
Parking
2
Land
210m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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