416/388 Murray Road, Preston, VIC 3072 | Property Value & History | OnTheHouse
 
OFF MARKET

416/388 Murray Road
Preston VIC 3072

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Floor area: 77m2
Land area: 5273m2
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Last updated 19 Jan 2026
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Property Details for 416/388 Murray Rd, Preston

416/388 Murray Rd, Preston is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 2015. The property has a land size of 5273m2 and floor size of 77m2. While the property is not currently for sale or for rent, it was last sold in February 2016.

Building Type
Unit
Year Built
2015
Floor Size
77m2
Land Size
5273m2
Local Government
Darebin
Lot/Plan
416/PS733538

Last Listing description (November 2025)

Placed in a location to love. Just a casual stroll to Preston Market, Preston train station, High Street shops and much more you can enjoy the very best of what Preston has to offer. A delightful apartment for anyone looking for a new start to a vibrant lifestyle.

What you need to know

Accommodations:

- Two bedroom complete built in robes
- Tiled bathrooms
- Stone kitchen benchtops
- Gas cooktops
- Eclectic oven
- Dishwasher
- Euro laundry

Comforts:
- Open plan living room adjoining kitchen area
- Split system heating and cooling
- Secure intercom
- Secure undercover parking
- Storage cages

Amenities
- Located moments away from Preston market
- Preston Station
- Bus services
- High st shopping/caf precinct and Eateries
- Vibrant nightlife, bars and much more.

* Rent payable per calendar month: $2,390

* Bond $2,390

Please note: From November 2025, Victorian rental laws prevent us from accepting offers above the advertised price. In addition, we cannot request or accept rent in advance greater than one month. All applications will be considered at the listed rent.

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Property History for 416/388 Murray Rd, Preston, VIC 3072

A timeline of how this property has performed in the market
Last Sold
$485,500
01 Feb 2016
Listed for Rent
$550/w
29 Oct 2025
  • 11 Aug 2025
    Listed for Rent $550 / week
  • 20 Jul 2023
    Listed for Rent $480 / week
  • 31 Jul 2017
    Listed for Rent - Price not available
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About Preston 3072

The size of Preston is approximately 11.5 square kilometres. It has 30 parks covering nearly 4.7% of total area. The population of Preston in 2016 was 32851 people. By 2021 the population was 33790 showing a population growth of 2.9% in the area during that time. The predominant age group in Preston is 30-39 years. Households in Preston are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Preston work in a professional occupation.In 2021, 57.30% of the homes in Preston were owner-occupied compared with 56.70% in 2016.

Preston has 21,600 properties. Over the last 5 years, Houses in Preston have seen a 19.15% increase in median value, while Units have seen a 13.68% increase. As at 31 December 2025:

  • The median value for Houses in Preston is $1,235,570 while the median value for Units is $633,025.
  • Houses have a median rent of $625 while Units have a median rent of $550.
There are currently 65 properties listed for sale, and 51 properties listed for rent in Preston on OnTheHouse. According to Cotality's data, 942 properties were sold in the past 12 months in Preston.

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© Copyright 2026. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

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The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

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