40 Penola Street, Preston, VIC 3072 | Property Value & History | OnTheHouse
OFF MARKET

40 Penola Street
Preston VIC 3072

Bedrooms: 5
Bathrooms: 3
Car spaces: 1
Floor area: 159m2
Land area: 386m2
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Property Details for 40 Penola St, Preston

40 Penola St, Preston is a 5 bedroom, 3 bathroom House with 1 parking spaces and was built in 1950. The property has a land size of 386m2 and floor size of 159m2. While the property is not currently for sale or for rent, it was last sold in June 2025.

Building Type
House
Year Built
1950
Floor Size
159m2
Land Size
386m2
Local Government
Darebin
Lot/Plan
2/LP44810

Last Listing description (July 2025)

A striking showcase of bespoke design, this sophisticated five bedroom, three bathroom period home has been architecturally designed by Ben Callery Architect for contemporary living, offering bright spaces, quality finishes and resort-style entertaining. Semi-detached, the quintessential brick faade evokes a sense of nostalgia, while inside, the spacious conversion is flooded with north-facing sunlight. Stylish floorboards and radiant clerestory windows enhance the open family/dining domain, as the gourmet kitchen is well-appointed with premium Miele/Bosch appliances, a standalone island, double sink and abundant soft-close cabinetry. Outside, the relaxed deck overlooks a glistening pool surrounded by an established garden bed, providing the perfect setting for summertime soires and intimate gatherings. There is also a utility shed, solar panels, rainwater tank and rear pedestrian ROW. Whats more, robed bedrooms accompany the sparkling central bathrooms, one of which features a luxurious soaker tub. The master bedroom is further complemented by a private ensuite, integrated dressing table and workstation with a window bench seat. Additional highlights include hydronic heating, split system units, hallway storage, a discreet European laundry and driveway off-street parking. Ideally zoned to Preston High School, with quick access to lively High Street eateries/shops, Ray Bramham Gardens, Bell Station, bus routes and iconic Preston Market. Only 8.5km approx. to the CBD, it ensures a lifestyle of convenience and vibrancy any day of the week.

Property History for 40 Penola St, Preston, VIC 3072

A timeline of how this property has performed in the market
Last Sold
$1,540,000
28 Jun 2025
  • 28 Jun 2025
    Sold for $1,540,000
  • 04 Jun 2025
    Listed for Sale $1,400,000 - $1,500,000
  • 02 Apr 2011
    Listed for Sale Not Disclosed
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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 21,912 properties. Over the last 5 years, Houses in Preston have seen a -1.16% decrease in median value, while Units have seen a 7.18% increase. As at 31 July 2026:

  • The median value for Houses in Preston is $1,185,725 while the median value for Units is $645,689.
  • Houses have a median rent of $700 while Units have a median rent of $580.
There are currently 70 properties listed for sale, and 59 properties listed for rent in Preston on OnTheHouse. According to Cotality's data, 895 properties were sold in the past 12 months in Preston.

Suburb Insights for Preston 3072

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Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
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.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.