1 Mitchell Street, Preston VIC 3072

Capitalise on the record-low interest rates and secure your place in one of Preston's best lifestyle precincts with this potential-packed three-bedroom Californian Bungalow.

Sited on a generously proportioned 536sqm (approx.) block on the Thornbury fringe, you have the option of wiping the slate clean and starting a fresh chapter in the brand new home of your dreams (STCA) in a first-class lifestyle location, where trendy eateries, the No.11 tram, Bell Primary School, H Swain Reserve and the Merri Creek Trail are footsteps away.

Enjoying an excellent sense of space, plenty of natural light and loads of potential, you'll also be inspired by the chance to make your mark inside the character-rich single-level interior, which could sparkle ever so brightly with a modern touch.

Add some polish to the timber floorboards underfoot (some of which lay hidden beneath the carpeted floors), paint the walls with a contemporary splash of colours and add a stone benchtop and stainless steel appliances to the bright and spacious kitchen and watch the home shine!

A welcoming lounge with a gas heater offers a comfortable setting to unwind, while generous-sized bedrooms, an original bathroom, split-system cooling, a large backyard and gifts of a bygone era that include beautiful leadlight windows, a large Bay window and stunning high ceilings with classic cornices and decorative plasterwork are further highlights.

As a result of the home's neat and tidy presentation, you could also choose to lease it out over the long-term for an attractive return or in the short-term while awaiting plans and permits approval.

Don't miss it!