1/492 Gilbert RoadPreston VIC 3072
Property Details for 1/492 Gilbert Rd, Preston
1/492 Gilbert Rd, Preston is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1950. The property has a land size of 428m2 and floor size of 143m2. While the property is not currently for sale or for rent, it was last sold in August 2025. There are other 2 bedroom Unit sold in Preston in the last 12 months.
Last Listing description (March 2019)
You know potential when you see it, hence why you'll be all over this golden opportunity in a premier Preston locale. Beautifully sited on a sizeable 429.8sqm (approx.) of land, follow the lead of others in the area and extract maximum value from the block by developing in the future with approved plans and permits. This is your moment to develop something truly special and complement the sought-after address, which is only 10km north of the CBD and even closer within walking distance, in fact! to the no. 11 tram, Regent train station, Gilbert road cafes and restaurants, and Preston Market. Currently occupying the potential-rich block is an immediately livable property with spacious living area, original kitchen, and a fantastic backyard that will provide the kids with countless hours of outdoor play time or ready to generate revenue for a keen investor.
Property History for 1/492 Gilbert Rd, Preston, VIC 3072
- 18 Aug 2025Sold for $390,000
- 25 Jul 2018Listed for Sale Sale
Recent sales nearby
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0About 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 21,603 properties. Over the last 5 years, Houses in Preston have seen a 15.62% increase in median value, while Units have seen a 12.69% increase. As at 30 November 2025:
- The median value for Houses in Preston is $1,220,339 while the median value for Units is $635,220.
- Houses have a median rent of $620 while Units have a median rent of $550.
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