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AE INDEX
Melbourne Renovation Cost Index
Renovation costs
Preston 3072

What a renovation
costs in Preston

Preston is where the inner-north cost curve starts to flatten. Post-war brick veneer dominates, blocks are wider, access is generally good, and very little of it sits under a heritage overlay. The same extension costs meaningfully less here than three kilometres south — and for once the reason is not land value.

Indicative ranges

Rear extension
$235k – $320k

40 m², mid finish, one new wet area, post-war house

Second storey
$390k – $530k

55 m², mid finish, one new wet area

Full renovation
$480k – $650k

120 m² internal, mid finish, kitchen and bathroom

Rates: Archicentre Australia CostGuide 2026 · GST inclusive
Site adjustments for Preston conditions: AE Index

What drives cost here

Post-war brick veneer

Most of Preston was built after 1945. Footings are concrete rather than timber stumps, and wiring and plumbing are frequently serviceable — removing an allowance that costs pre-war suburbs around $26,000.

Genuine side access

Wider allotments and driveways mean machinery reaches the rear on most sites. This is the largest single cost difference between Preston and the inner north.

Limited heritage coverage

Comparatively little of Preston sits under an overlay, so many projects proceed on a building permit alone and skip months of planning assessment.

Ex-Housing Commission pockets

Some areas carry specific title conditions or original construction types worth confirming before you design. Nothing prohibitive, but worth knowing early.

Typical Preston projects

ProjectWhy it costs what it doesRange
Rear extension to a brick veneer homeStraightforward construction, good access, minimal work to the existing house.$235k – $320k
Second storey additionPost-war footings usually take the load with less upgrading than pre-war stock.$390k – $530k
Full renovation, house retainedOriginal layouts are compartmentalised — most of the budget goes to opening them up.$480k – $650k
Kitchen onlyBelow our minimum — referred to a single trade.$25k – $50k
Minimum project size. AE Index works on structural renovations and extensions from $150,000. Smaller jobs and single-trade work are referred on rather than quoted.
Your project, not an average

Two minutes, no phone call

Preston is already selected. Answer eight questions and you will see an indicative range, the full calculation behind it, and what to ask any builder quoting the job.

Common questions

Why is renovating in Preston cheaper than Northcote?

Three reasons that compound: post-war construction needs far less structural and services work to the existing house, wider blocks usually allow machinery to the rear, and limited heritage coverage means fewer projects go through planning assessment.

Do I need a planning permit to extend in Preston?

Frequently not for a single-storey rear addition on a site with no overlay, provided you stay within setback and site coverage rules. You will still need a building permit from a registered building surveyor.

Is a post-war brick veneer house easy to extend?

Generally yes. Concrete footings, serviceable services and reasonable access all reduce cost. Structural change still needs steel and engineering, but the surprises that drive overruns on pre-war stock are much less common.

What is not included in these ranges?

Landscaping and external works, appliances, furniture and window furnishings, council planning application fees, driveway reinstatement, and anything found once walls are opened. Design fees, engineering, building surveyor, permit levy and energy assessment are included.

Related

When you are ready to build

AE Index is not a building company. When a project is ready to be priced properly, we pass it to a builder from our verified network — who will walk the site, inspect what is under the floor, and put a fixed price in writing. We are paid a fee by them on work that proceeds, and you are under no obligation to use them.

  • Current domestic builder registration, confirmed with the Victorian Building Authority
  • Domestic building insurance current and sighted
  • Two completed projects contacted directly — not supplied testimonials
  • Fixed-price contracts with a written variations policy
  • Re-checked annually, and removed from the network on any lapse

Last updated 28 July 2026

AE Index publishes indicative cost data for Melbourne residential renovation. Estimates are budget-setting figures, not quotes, and assume a standard site with no undisclosed structural, drainage or contamination issues. Square-metre rates are drawn from the Archicentre Australia CostGuide 2026, an independently published Australian cost guide, and are GST inclusive. Site adjustments are AE Index's own and are labelled wherever they appear. AE Index refers projects to a builder from its verified network and receives a fee on work that proceeds.