15 Mihil Street, Preston

Straddling the Preston-Thornbury boundary in a quiet street on a 724m2 block, this three-bedroom Californian bungalow is full of promise for renovators and developers alike.

With original floorboards, stunning timber architraves and expansive windows throughout, it’s clear from the moment you step foot inside that there’s tonnes of charm to be found here.

Every room – from the lounge with genuine fireplace mantel and adjacent dining, to the kitchen with its original tilework, ample cabinetry and original furnace oven – is exceptionally generous in size and bursting with character. Even the bedrooms with built-in robes, positioned at both the front and back of the home, are a sight to behold and enjoy.

Then there’s the land itself. Past the laundry, powder room, step outside beneath the pergola to look out across a huge backyard blanketed with grass and surrounded by lush trees. The kids will love playing and exploring out here, while the adults host family and friends for barbecues and parties.

The position is fabulous, too. Nestled in a cosy Preston pocket, yet within a two-kilometre radius of Preston, Bell and Thornbury train stations, Plenty Road and High Street tram services, Preston Market and Northland Shopping Centre, High Street’s renowned dining scene, myriad parklands (including the Darebin Trail) and a variety of primary and secondary schools, everything is within easy each. Hello, comfortable inner-north lifestyle.

Whether you’re a renovator looking to transform this home’s solid bones or a developer who hopes to capitalise on the land (STCA), one thing is certain: there’s nothing but endless potential.