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.
VIC › Preston › Tennyson Ave
$1,375,000
Last sold
30 May 2026
3
Bedrooms
1
Bathrooms
4
Car spaces
571 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
Last sold
$1,375,000
30 May 2026 · derived via latest_sale
Local land rate: recorded House sales in Preston (last 5 years) with land size have a median of $2,172/m² of land (n=33). Districts calculation from recorded sales — not a valuation.
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
+13.6%
Median sale
Suburb $1,210,000
-0.26 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.
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.
Yield cannot be shown without both a price and a rent figure. Net yield is not estimated from gross advertising copy. 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
UnknownVictoria 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.
Area
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 Ray White PrestonPositioned in one of Preston's most tightly held and rapidly evolving pockets, 5 Tennyson Avenue presents an exceptional opportunity to secure a substantial parcel of land with outstanding future potential. Set on a generous allotment that is significantly larger than many surrounding properties, this well-maintained residence offers immediate comfort alongside exciting scope for redevelopment, subdivision or the creation of a multi-dwelling project (STCA).
Behind its charming façade, the home reveals a spacious and light-filled floorplan comprising three generous bedrooms, multiple living zones and an open-plan kitchen and meals area designed for everyday functionality. A welcoming front lounge flows seamlessly through to the dining and kitchen domain, while large windows throughout allow an abundance of natural light to enhance the warm and inviting interiors.
The well-appointed kitchen offers ample bench space, breakfast bar seating and excellent storage, perfectly positioned to overlook the central living areas. Comfort is assured year-round with ducted underfloor heating throughout the entire home, complemented by split-system heating and cooling for added convenience.
Outside, the expansive landholding truly sets this property apart. With the rear laneway, a large garage, additional off-street parking, a large storage area under the back verandah, and substantial open space, the block provides incredible flexibility for families, investors and developers alike. Whether you choose to renovate, extend, lease out or unlock the site's full redevelopment potential (STCA), the possibilities here are extensive.
Perfectly positioned within easy reach of some of Preston's most sought-after lifestyle attractions, the home enjoys close proximity to the vibrant High Street precinct, renowned for its thriving café culture, boutique shopping, restaurants and entertainment options. The iconic Preston Market is just moments away, offering fresh produce, specialty retailers and a true community atmosphere, while nearby Northland Shopping Centre provides further convenience for everyday essentials.
Families will appreciate the access to quality local schooling options and nearby educational facilities, along with an abundance of parklands, sporting reserves and walking trails. Excellent public transport connectivity, including nearby train stations, tram routes and bus services, ensures an easy commute to Melbourne's CBD and surrounding suburbs. Combining lifestyle, convenience and long-term growth potential, this outstanding location further enhances the appeal of this rare Preston opportunity.
Listing description written by Ian Dempsey, Ray White Preston — reproduced as published, not verified by Districts.