Positioned in a highly sought-after Preston location, 24 Ruby Street presents an exciting opportunity for first home buyers, investors, builders and developers.
While the existing home is in need of further updating, the property offers buyers the flexibility to either enjoy the home as it stands, undertake further improvements over time, or explore the potential of the valuable land.
For first home buyers, the property provides an opportunity to enter the tightly held Preston market with the added benefit of a bungalow and separate studio, while the existing improvements provide a solid starting point for further personalisation.
For builders, developers and investors, the real value lies in the land, with potential to redevelop and build multiple units or townhouses (STCA), subject to council approval and planning requirements.
The existing residence comprises 2 bedrooms, 2 bathrooms, a bungalow and a separate studio.
Improvements Completed in the Last 5 Years
The property has benefited from a number of improvements in recent years, including:
• Floorboards throughout the entire house
• Renovated bathroom
• Ducted heating
• New water heater
• Brand-new wardrobe in the main bedroom
• Renovated laundry, excluding the sink
• Solar panels
• Luxury portable bathroom
• Brand-new stove
Key Features
• 2 bedrooms
• 2 bathrooms
• Bungalow
• Separate studio
• Ducted heating
• Floorboards throughout
• Solar panels
• ample storage
• Brand-new stove
• Renovated bathroom
• Renovated laundry
• Valuable land with development potential
• Ideal for first home buyers, investors, builders and developers
• Potential for multiple units/townhouses (STCA)
Nearby Amenities:
Preston Central & High Street - approx. 4-5 mins
Preston South Shopping Centre - approx. 5 mins
Northland Shopping Centre - approx. 6 mins
High Street cafés, restaurants, bars & local shops - approx. 4-5 mins
Schools & Education
Preston South Primary School - approx. 4 mins
Bell Primary School - approx. 5 mins
Preston High School - approx. 5 mins
Charles La Trobe P-12 College - approx. 6 mins
Northern College of the Arts & Technology - approx. 7 mins
Transport
Bell Train Station - approx. 5 mins
Preston Train Station - approx. 5 mins
Plenty Road tram services - approx. 5-6 mins
High Street tram & bus services - approx. 4-6 mins
Parks & Recreation
A.H. Capp Reserve - approx. 4 mins
H.P. Zwar Park - approx. 5 mins
Ray Bramham Gardens - approx. 5 mins
T.A. Cochrane Reserve - approx. 6 mins
Medical & Healthcare
Preston Family Medical - approx. 5 mins
Complete Care Preston - approx. 5 mins
Northern Hospital Epping - approx. 15-20 mins
Austin Hospital - approx. 12-15 mins
Prime Preston Location
Enjoy the convenience of established amenities, public transport, schools, parks, cafés and shopping all within easy reach. With excellent connectivity and strong demand for housing, 24 Ruby Street offers a rare opportunity to secure land in a tightly held Preston location and explore its future development potential (STCA).
For developers and builders, the opportunity is in the land. Bring your vision and unlock the potential of this site.
For more information or to arrange a private inspection, contact Ayomi on 0405 725 452.
Due diligence checklist - for home and residential property buyers -
http://www.consumer.vic.gov.au/duediligencechecklist
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