2/531 Murray Road, Preston, VIC 3072 | Townhouse for sale | OnTheHouse
 
FOR SALE
AUCTION $900,000 - $990,000

2/531 Murray Road
Preston VIC 3072

Bedrooms: 3
Bathrooms: 2
Car spaces: 2
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Auction Time
Sat 13 Jun 12:00 pm
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No upcoming inspections scheduled.
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Modern Family Living Made Easy

Positioned in the heart of highly sought-after West Preston, 2/531 Murray Road delivers the perfect balance of modern low-maintenance living, quality finishes and an unbeatable lifestyle location. Designed with comfort and functionality in mind, this stylish three-bedroom residence offers spacious proportions, seamless indoor-outdoor entertaining and premium inclusions throughout, making it an exceptional opportunity for families, professionals or savvy investors alike.
Beyond its contemporary façade, the home opens to a light-filled open plan living and dining domain complemented by warm timber flooring and an impressive sense of space. The sleek modern kitchen is perfectly appointed with stone benchtops, quality appliances, ample cabinetry and a central island bench that anchors the heart of the home.
Large sliding doors connect the interior to a superb covered alfresco entertaining area, creating a true extension of the living space and allowing effortless year-round entertaining. Complete with an automatic pergola featuring integrated lighting and heating, this outdoor zone has been thoughtfully designed for every season.
Upstairs, the accommodation is equally impressive with three generously sized bedrooms, including a spacious main bedroom with built-in robes and ensuite, while the additional bedrooms are serviced by a stylish central bathroom. Comfort is assured throughout with split-system heating and cooling in every room, ceiling fans to all bedrooms and automatic blinds fitted throughout the bedrooms and living areas for added convenience and modern functionality.
Further highlights include a full-size laundry, guest powder room, excellent storage, landscaped surrounds and a secure double garage with internal access.
The location is simply outstanding. Set within one of West Preston's most popular and rapidly growing pockets, you are moments from Gilbert Road trams, Preston Market, High Street cafés and restaurants, local parks, quality schools and Preston or Bell Station, while enjoying easy access to the CBD. Combining lifestyle, convenience and contemporary comfort, this is a home that truly ticks every box.
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Property Details for 2/531 Murray Rd, Preston

2/531 Murray Rd, Preston is a 3 bedroom, 2 bathroom Townhouse with 2 parking spaces. The place is currently for sale with Ray White Preston.

Building Type
Townhouse
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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 21,607 properties. Over the last 5 years, Houses in Preston have seen a 2.87% increase in median value, while Units have seen a 12.12% increase. As at 30 April 2026:

  • The median value for Houses in Preston is $1,194,642 while the median value for Units is $654,145.
  • Houses have a median rent of $700 while Units have a median rent of $550.
There are currently 74 properties listed for sale, and 47 properties listed for rent in Preston on OnTheHouse. According to Cotality's data, 949 properties were sold in the past 12 months in Preston.

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Ian Dempsey
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Ethan Maratheftis
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Ray White Preston
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