1/22-24 Hotham Street, Preston, VIC 3072 sold on 11 October 2025 | OnTheHouse
 
SOLD
Sold on 11 Oct 2025 for $690,000

1/22-24 Hotham Street
Preston VIC 3072

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
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Property Details for 1/22-24 Hotham St, Preston

1/22-24 Hotham St, Preston is a 2 bedroom, 1 bathroom Unit with 1 parking spaces. While the property is not currently for sale or for rent, it was last sold in October 2025. There are other 2 bedroom Unit sold in Preston in the last 12 months.

Building Type
Unit

Last Listing description (October 2025)

Beautifully refreshed and move-in ready, this light-filled 2-bedroom unit offers comfort, security and an unbeatable lifestyle in one of Melbourne's most connected locations.

Freshly painted and featuring brand-new carpets, the home presents a bright, low-maintenance layout with dual access, an enclosed yard and rear parking. It's the perfect choice for first home buyers starting out, investors looking for reliable returns or downsizers seeking convenience.

Key Features

• Two spacious bedrooms with new carpets
• Central bathroom
• Freshly painted throughout
• Enclosed front yard for added security
• Rear parking with direct access (dual access)
• Vacant and move-in ready

Prime Location
• Minutes to Northland Shopping Centre, Preston Market and High Street cafés
• Close to La Trobe University and Austin/Mercy Hospitals
• Excellent tram, bus and train connections to the CBD
• Surrounded by schools, parklands and walking trails

This home ticks every box with refreshed interiors, a prime location and unbeatable lifestyle appeal.

With a potential rental return of $500–$550 per week, this property offers strong investment appeal alongside lifestyle convenience.

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Property History for 1/22-24 Hotham St, Preston, VIC 3072

A timeline of how this property has performed in the market
Last Sold
$690,000
11 Oct 2025
Listed for Rent
$325/w
20 Feb 2014
  • 11 Oct 2025
    Sold for $690,000
  • 17 Sep 2025
    Listed for Sale $690,000
  • 01 Oct 2013
    Listed for Rent $325 / week
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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 21,610 properties. Over the last 5 years, Houses in Preston have seen a 16.08% increase in median value, while Units have seen a 10.01% increase. As at 28 February 2026:

  • The median value for Houses in Preston is $1,251,239 while the median value for Units is $636,892.
  • Houses have a median rent of $650 while Units have a median rent of $550.
There are currently 69 properties listed for sale, and 37 properties listed for rent in Preston on OnTheHouse. According to Cotality's data, 969 properties were sold in the past 12 months in Preston.

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