404/388 Murray Road, Preston, VIC 3072 | Apartment for sale | OnTheHouse
 
FOR SALE
AUCTION $440,000 - $480,000

404/388 Murray Road
Preston VIC 3072

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Floor area: 87m2
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Auction Time
Sat 22 Aug 11:30 am
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Stunning apartment living with uninterrupted city views

Rarely does an apartment offer such a compelling combination of scale, style and lifestyle appeal. Positioned within the sought-after Murray 388 complex, this apartment is a generously proportioned two-bedroom residence offering an impressive sense of space, contemporary comfort and sweeping city views. Showcasing a well-designed floorplan and quality finishes throughout, this home presents an outstanding opportunity for owner occupiers, professionals and investors alike.
The expansive main living and dining zone flows seamlessly from the well-appointed kitchen, creating a spacious environment idea for both everyday living and entertaining. The main bedroom provides a private retreat complete with walk-in robes, an ensuite and direct access to your balcony. The second bedroom features built in roves and captures impressive city views, while the apartment as a while takes full advantage of its elevated position with breathtaking views across Preston and beyond. A thoughtfully designed layout, quality finishes and secure basement car parking complete this outstanding residence.
The impressive balcony is a true highlight, extending the living experience outdoors and providing the perfect setting to entertain guest, enjoy your morning coffee or unwind while taking in the panoramic city outlook.
Enjoy one of Prestons most connected locations, everything you need is right at your doorstep. Preston Train Station is just moments away, providing effortless access to Melbourne CBD, while the Preston Market, Gilbert Road trams, High Streets vibrant café and dining precinct and Northland Shopping Centre are all within easy reach. Surrounded by local parks, recreational facilities and quality schools include Preston West Primary School and Preston High School. This exceptional apartment combines space, views, convenience and lifestyle in on of Preston most desirable pockets.
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Property Details for 404/388 Murray Rd, Preston

404/388 Murray Rd, Preston is a 2 bedroom, 2 bathroom Apartment with 1 parking spaces. The property has a floor size of 87m2. The place is currently for sale with Ray White Northcote.

Building Type
Apartment
Floor Size
87m2
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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 21,613 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 45 properties listed for rent in Preston on OnTheHouse. According to Cotality's data, 904 properties were sold in the past 12 months in Preston.

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Ian Dempsey
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Olivia Stavrou
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Ray White Northcote
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