Presenting a rare opportunity to buy into this tightly held strip of blue-chip Preston. On a generous allotment of approx. 502sqm with rear laneway access, this spacious and gracious home overlooks Merri Creek parkland from an elevated block in a quiet neighbourhood. With bike and walking trails on your doorstep, it's only a short stroll to Miller Street shops, local schools and two tram lines, with High Street and Sydney Road in easy reach. Featuring expansive views over WH Robinson Reserve, this Art Deco grand dame was built to last and offers fine family accommodation with a touch of old-school glamour. A welcoming entrance flows into the light and airy loungeroom with tranquil park views and an elegant brick fireplace. Gorgeous Art-Deco glass doors separate the lounge from adjacent dining room and lovely period kitchen. Family accommodation includes two spacious bedrooms serviced by a stunning original bathroom. To the rear, a bright sunroom opens onto the generous north-facing backyard which offers great opportunities for entertaining and gardening and comes equipped with a studio. This exceptional home also features high, decorative ceilings, hardwood floors throughout, split system heating & cooling, roof-top solar, a lined storage attic, separate laundry, and endless possibilities for a modern makeover or extension (STCA).