303/204 High Street, Preston, VIC 3072 | Apartment for sale | OnTheHouse
 
FOR SALE
SALE $360,000 - $395,000

303/204 High Street
Preston VIC 3072

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
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Vibrant High Street Lifestyle on Your Doorstep

A proven short-stay performer, this Preston apartment has demonstrated strong income performance, generating approximately over $20,000 between August 2025 and March 2026. The existing setup provides an excellent foundation for investors, with the opportunity to enhance returns by optimising occupancy across the full year.
Elevated in the heart of Preston, this stylish one-bedroom apartment at 303/204 High Street offers the perfect fusion of modern comfort and inner-urban convenience. Thoughtfully designed, the home welcomes you with a sleek open-plan living and dining area that flows effortlessly onto a generous private balcony, ideal for entertaining or relaxing while taking in the elevated city views. Timber-style flooring and a crisp colour palette add warmth and sophistication, while a split-system ensures year-round climate comfort.
The kitchen is beautifully appointed with contemporary finishes, including a tiled splashback, built-in dishwasher, gas cooktop, oven, all seamlessly integrated within generous cabinetry. The spacious bedroom features mirrored built-in robes and soft natural light, while the designer bathroom showcases stylish tiling and a rainfall shower. Additional highlights include a discreet European laundry, a designated study nook with a built-in desk and shelving, and secure car parking.
Perfectly positioned, you're just steps from the vibrancy of High Street with its lively cafes, bars, and eateries, and you are only moments from Preston Market, Woolworths, and public transport options, including trams and Preston train station. With access to a communal rooftop garden and the CBD visible in the distance, this is a smart lifestyle investment or low-maintenance home in a prime location.
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Property Details for 303/204 High St, Preston

303/204 High St, Preston is a 1 bedroom, 1 bathroom Apartment with 1 parking spaces. The place is currently for sale with Ray White Preston.

Building Type
Apartment
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About Preston 3072

The size of Preston is approximately 11.5 square kilometres. There are 30 parks, covering nearly 4.7% of the 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 21,604 properties. Over the last 5 years, Houses in Preston have seen a 1.25% increase in median value, while Units have seen a 9.04% increase. As at 31 May 2026:

  • The median value for Houses in Preston is $1,197,462 while the median value for Units is $641,823.
  • Houses have a median rent of $700 while Units have a median rent of $570.
There are currently 76 properties listed for sale, and 40 properties listed for rent in Preston on OnTheHouse. According to Cotality's data, 934 properties were sold in the past 12 months in Preston.

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May Wang
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Grace Scardamaglia
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Ray White Preston
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