Preston at a glance
37,702
People
$1,210,000
Median sale
$520/wk
Median rent
2.23%
Suburb gross yield
Median sale from 31 recorded sales (last 12 months) — a Districts calculation.
$2,200,000–$2,300,000
For sale
Asking range
5
Bedrooms
5
Bathrooms
4
Car spaces
640 m²
Land
Districts View
No upside evidence detected in the data Districts holds for this lot.
No detected risks — but see the checklist: absence of evidence is not an all-clear.
Each line above is labelled. A fact is quoted from the named source, with its date. A calculation is worked out by Districts from those facts — you can check the arithmetic. An interpretation is Districts' opinion of what the evidence means, not a fact, a valuation, or advice. Anything we haven't retrieved yet is marked as missing rather than treated as a pass.
Price evidence
Asking
$2,200,000–$2,300,000
Asking range · $3,438/m² of land
No recorded sale for this property.
Preston at a glance
37,702
People
$1,210,000
Median sale
$520/wk
Median rent
2.23%
Suburb gross yield
Median sale from 31 recorded sales (last 12 months) — a Districts calculation.
Vs Preston
+81.8%
Median sale
Suburb $1,210,000
-1.00 pp
Gross yield
Suburb 2.23%
Suburb median $1,210,000 from 31 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
Based on the low end of the asking range, not a contract price.
$130,314 on top of the price (5.9% extra)
Estimates only, at standard investor rates — no first-home or owner-occupier concessions applied. Not included: lenders mortgage insurance (usually applies when borrowing more than 80% of the price), loan application and settlement fees from your lender, the foreign-purchaser duty surcharge, and building insurance — in Queensland the property is at your risk from the first business day after signing, not from settlement. Verify with your conveyancer.
Stamp duty and transfer fees: Victoria schedules from 2026-07-01. Ongoing council rates and land tax are not included.
Based on the low end of the asking range, not a contract price.
Pre-filled with Preston's advertised median rent — not a rent for this listing.
Gross yield is weekly rent × 52 ÷ price. Net yield subtracts operating expenses. Cashflow then subtracts interest-only interest on price × LVR. Tax, vacancies, and principal repayments are not included.
Planning
Planning data is being calculated
Data unavailable
Source
Planning facts are copied from official government GIS where available. Where an official property PDF exists (VicPlan, PlanBuild), Districts stores and serves that original document. Neither is a planning certificate, survey, or advice.
Site
Terrain has not been calculated for this property yet.
Slope is calculated on a projected metric grid from a public DEM clip of the official parcel. This is not a survey, engineering, or insurance assessment.
Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Records
Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.
Capital growth
VICPlanning layers have not been retrieved for this property yet. A suburb median or growth rate is not a reason this particular lot would outperform. Funded catalyst catchments are not loaded. A TOD badge is not this product.
Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” Victoria has no public statewide property-level DA API. Nearby pipeline is unknown.
Rental
No advertised rent is recorded. Suburb median rent $520/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.
Current comparable rental listings within 400 m of this lot are not loaded. Victoria has no public statewide property-level DA API. Nearby pipeline is unknown. Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded. Suburb vacancy or leased-tape days are not this property’s competition.
Gross yield if leased at the suburb aggregate is 1.2%. The yield that matters is the one on achieved rent, which has not been inferred for this address. Net yield (land tax, rates, insurance, vacancy) is not loaded. Net yield / holding costs are not estimated outside NSW without inventing land tax.
Verdict
Districts view
Not enough official evidence yet to underwrite this as an investment.
Detail
The same ten questions apply to every property. Missing flood, nearby DAs, achieved rents, or lot geometry is unknown — not “no.”
Do not treat a suburb median, an advertised yield, or a listing score as the case for this lot.
The evidence loaded so far isn't enough on its own to change a buy, offer, or walk-away decision for this property.
Evidence
Districts asks the same ten questions of every property. If one shows as unknown, that data isn't published for this state or hasn't been loaded yet — the question stays visible so you can see exactly what's missing.
1 of 10 questions answered so far
Development optionality of this lot
UnknownPlanning layers have not been retrieved for this property yet.
Nearby development pipeline
UnknownArea
Preston at a glance
37,702
People
$1,210,000
Median sale
$520/wk
Median rent
2.23%
Suburb gross yield
Median sale from 31 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by The Realest EstateImages are for illustrative purposes only.
⸻
✨ A Statement of Luxury, Scale & Smart Living
A striking example of modern design and high-end construction, this brand-new residence delivers an exceptional lifestyle opportunity on a generous allotment of approximately 640m² in one of Preston’s most sought-after pockets.
Designed and built with a focus on quality, comfort, and long-term performance, this expansive home offers a rare combination of space, premium inclusions, and advanced technology, making it ideal for families, multi-generational living, or astute investors.
⸻
🏠 The Home
This architecturally designed residence features five spacious bedrooms, each complemented by its own fully tiled bathroom, offering exceptional privacy and convenience.
The home includes a luxurious master suite with walk-in robe and ensuite, alongside a flexible floorplan that accommodates both everyday living and entertaining.
At its heart, a stunning open-plan living and dining zone is anchored by a designer kitchen, complete with:
• Expansive island bench
• Walk-in pantry (WIP)
• Premium Bosch appliances
• Extensive cabinetry and storage
Flooded with natural light, this central space seamlessly connects to the outdoors, creating a perfect environment for entertaining or relaxed family living.
Multiple living zones, including a large main living area and additional retreat spaces, provide flexibility for growing families, working from home, or hosting guests.
⸻
🛠️ Premium Construction & Finishes
Built to a high specification with significant upgrades throughout, the home showcases:
• 2700mm high ceilings enhancing space and light
• 2340mm high internal doors for a premium feel
• Full double-glazed windows for thermal and acoustic performance
• Herringbone hardwood flooring and quality carpet finishes
• Floor-to-ceiling tiling in all bathrooms and wet areas
• Enhanced acoustic insulation to key internal walls
Every detail has been carefully considered to deliver a refined and comfortable living environment.
⸻
❄️ Comfort & Technology
This home is equipped with advanced systems to ensure year-round comfort and modern convenience:
• Zoned ducted reverse cycle heating and cooling (ActronAir)
• Smart-enabled electrical system with integrated control modules
• LED downlights throughout (dimmable)
• Pre-wired home theatre provisions
⸻
🔐 Security & Smart Features
• Advanced Paradox security system with motion sensors and external siren
• Remote-controlled garage door and gate access
• CCTV system with mobile connectivity
• Smart control capability for selected lighting and electrical features
⸻
🌱 Energy Efficiency & Sustainability
• Double glazing throughout
• Energy-efficient heat pump / solar hot water system
• Insulated walls and ceilings for improved thermal performance
• Designed for long-term efficiency and reduced running costs
⸻
🌿 Outdoor & External Features
Set on a substantial allotment of approximately 640m², the property offers:
• Generous backyard with future potential
• Concrete paving to external areas
• Automated watering system
• Secure double garage with internal access
⸻
🏗️ Build Quality & Assurance
Constructed by Metricon with a significant level of upgrades, the home provides peace of mind with:
• Lifetime structural warranty (as provided by Metricon)
• 10-year structural guarantee
• 7-year builder’s warranty
• 3-month maintenance / defect liability period
⸻
📍 Location Highlights
Ideally positioned in a highly desirable pocket of Preston, you are moments from:
• Preston Market
• High Street cafés, dining, and shopping
• Bell & Preston Train Stations
• Quality local schools and parklands
• Easy access to Melbourne CBD (approx. 20 minutes)
This location continues to attract strong demand for its lifestyle, connectivity, and long-term growth potential.
⸻
👨👩👧👦 Suited For
• Families & Multi-Generational Living – Expansive layout with multiple living zones and private ensuites
• Executive Buyers – High-end finishes and smart home integration
• Investors – Strong rental appeal and long-term capital growth in a prime location
• Downsizers Seeking Space – Luxury living without compromise
⸻
📞 Contact
The Realest Estate – By Families, For Families
Contact us today to arrange a private inspection or request further information
Listing description written by Luca Mariani, The Realest Estate — reproduced as published, not verified by Districts.
Victoria has no public statewide property-level DA API. Nearby pipeline is unknown.
Honest achievable rent
KnownlowThis is not “bond data says this address leases for $X.” The comparable figure is a suburb advertised/median rent, not this property. Official bond files (postcode or suburb × type × bedrooms) are not loaded yet.
Rental supply pressure
UnknownSupply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.
Why is this cheap?
UnknownThe constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.
Lot-level flood
UnknownOfficial flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”
Catalyst exposure
UnknownFunded catalyst catchments are not loaded. A TOD badge is not this product.
This lot's DA history
UnknownDevelopment applications have not been queried for this parcel.
Statutory land value versus ask
UnknownStatutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.
Net yield / holding costs
UnknownNet yield / holding costs are not estimated outside NSW without inventing land tax.