311/388 Murray Road, Preston, VIC 3072 | Apartment for sale | OnTheHouse
 
FOR SALE
Sale: $419,000

311/388 Murray Road
Preston VIC 3072

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
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Low Maintenance Gem

If you're looking for a well-designed, low-maintenance apartment with everything at your doorstep, Apartment 311 at 388 Murray Road delivers. Set within the highly regarded "Murray 388" complex, this two-bedroom, two-bathroom residence is ideal for first home buyers, downsizers, or investors wanting location, practicality, and secure modern living.
The open-plan living and dining area is generously sized, with large windows letting in plenty of natural light and direct access to your own private balcony-perfect for morning coffee or an evening wind-down. The layout creates a sense of space and separation within the home, giving each bedroom its own quiet retreat while keeping the living areas open and connected.
The kitchen is modern and functional, with clean finishes, great bench space, and lots of overhead and under-bench storage. It's designed for ease, whether you're preparing everyday meals or entertaining friends.
Both bedrooms are generously sized and come equipped with built-in wardrobes, providing ample storage. The master bedroom is a private retreat, complete with its own ensuite bathroom that offers convenience and a sense of seclusion. The second bathroom is full-sized and thoughtfully designed, featuring a separate shower alongside sleek, modern fixtures that create a clean and contemporary atmosphere.
The location truly stands out, placing you just moments from Preston Market-a beloved local hub renowned for fresh food, vibrant culture, and a strong sense of community. With Preston Train Station just around the corner, commuting to the city is both quick and convenient. The surrounding neighbourhood offers a diverse mix of cafés, restaurants, supermarkets, specialty shops, and easy access to public transport, ensuring everything you need is close at hand.
Whether you're looking to move in or rent it out, this apartment ticks all the boxes: a smart layout, excellent natural light, secure building, and an unbeatable inner-north location. With everything you need at your fingertips, 311/388 Murray Road offers a lifestyle of comfort, simplicity, and urban convenience.
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Property Details for 311/388 Murray Rd, Preston

311/388 Murray Rd, Preston is a 2 bedroom, 2 bathroom Apartment with 1 parking spaces. The place is currently for sale with Ray White Reservoir.

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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 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 73 properties listed for sale, and 37 properties listed for rent in Preston on OnTheHouse. According to Cotality's data, 936 properties were sold in the past 12 months in Preston.

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Adam Bassani
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Drita Buljukbasi
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Ray White Reservoir
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