Secure an Archier-designed townhouse in Preston with a 5% deposit

AT A GLANCE: 

• Developer: MAB
• Builder: Wolf Group
• Address: Stokes Street, Preston, VIC 3072
• No. of Residences: 35
• Estimated Completion Date: Q4 2027

Owning a brand-new, architect-designed home in Melbourne’s Inner North just got a whole lot more achievable. Until the end of the year, buyers at Preston Crossing can lock in a three-bedroom townhouse with a 5% deposit. That’s as little as $64,750* on a home priced from $1,295,000.

And these aren’t just any townhouses. Designed by Melbourne studio Archier and developed by MAB, the 35 homes on Stokes and Penola Streets come with private gardens, generous family layouts, and Bell Station just 900 metres from the front door.

Plus, construction is moving at pace with builder Wolf Group, with completion on track for Q4 2027.

What 5% looks like

Here's how it works: buyers pay a 5% cash deposit when they sign, and the balance isn’t due until settlement, once their new home is complete. It’s also a chance to lock in today’s pricing.

On a Type 1 townhouse priced at $1,295,000, that’s $64,750 to secure three bedrooms and a private garden. Prefer a double carport? Three-bedroom homes with two car spaces are listed from $1,395,000, bringing the deposit to $69,750.

The offer is subject to availability and expires on 31 December this year, so the sooner you take a look, the more choice you’ll have.

The homes to choose from

Across four Archier-designed layouts, Preston Crossing offers three- and four-bedroom townhouses, each with its own landscaped front yard and private backyard. Open-plan living and dining areas flow straight out to the garden, and every home comes with secure parking and a flexible extra space to make your own.

Three-bedroom homes start from $1.295 million, with two-and-a-half bathrooms and room for one or two cars. Perfect for growing families, four-bedroom homes start from $1.695 million. They come with three-and-a-half bathrooms, a double garage or carport, and a self-contained studio above it with its own full bathroom, ideal as a home office, guest suite, or teenager retreat.

If you’re eyeing the 5% deposit, these are the two layouts to look at, with the offer applying to selected Type 1 and Type 2 three-bedroom townhouses only.

Type 1 is a three-bedroom, two-and-a-half-bathroom townhouse with 152 sqm of internal living and a 53 sqm garden. A ground-floor bedroom opens through double doors to the landscaped front yard, handy for guests, a home office, or anyone who would rather keep a bedroom off the stairs. Upstairs, a skylit multi-purpose room works as a second living area or study, and the master bedroom has a large walk-in robe.

Type 2 offers 156 sqm of internal living, a 38 sqm garden, and a double carport. Downstairs, there’s a flexible rumpus room, an island kitchen with breakfast seating, and a combined laundry and butler’s pantry. Upstairs, the master suite opens onto a private balcony.

The finished result is 200 metres away

Unlike most off-the-plan purchases, buyers here can walk past the finished product. Stokes Penola is the second Archier release at Preston Crossing, following 26 townhouses at Oakover Road, about 200 metres away, completed in early 2024.

According to MAB, the Oakover townhouses sold out more than nine months before construction finished. They also achieved 5 Star Green Star Design and As-Built certification and a minimum 7-Star average NatHERS rating.

The Stokes Penola homes are targeting the same certifications. They’re all-electric and gas-free, with rooftop solar, double glazing, and passive solar design to reduce energy and water use.

Life in a quiet Preston pocket

Tucked onto two tree-lined residential streets west of St Georges Road, these homes pair a calm, established setting with the best of the Inner North on the doorstep. Bell Station is a short stroll away, with express trains reaching the CBD in as little as 20 minutes, while the No. 11 tram runs along St Georges Road just 700 metres from home.

Weekends take care of themselves. Start with coffee at Skinnys Eatery or Cedar Bakery, fill the basket at Preston Market, then settle in for dinner at Noi Pizzeria.

When it’s time to unwind, the Merri Creek trails and Ray Bramham Gardens are close by, and the St Georges Road bike trail runs all the way into the city.

See it for yourself

The display suite at 56 Showers Street, Preston, is open Saturdays from 12:30 pm to 1:30 pm, with private appointments available.

Three- and four-bedroom townhomes are now selling, priced from $1.295 million for a smart, stylish three-bedroom residence with two-and-a-half baths and one car parking space. Generous four-beds are from $1.695 million with three-and-a-half baths and two car parking spaces.

Click here to learn more or to enquire about Preston Crossing.

*Offer is available on selected T1 & T2 townhouse only. Contracts must be exchanged by 31 December 2026. Subject to availability. The advertised deposit amount is based on a 5% cash deposit for a townhouse purchase price of $1,295,000. Actual deposit amounts will vary depending on purchase price. Balance of the purchase price payable on settlement. MAB Property Developments Pty Ltd reserves the right to vary, extend or withdraw the offer at any time.