1 Albert Street, Preston, VIC 3072 | Property Value & History | OnTheHouse
 
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1 Albert Street
Preston VIC 3072

Bedrooms: 2
Bathrooms: 1
Car spaces: 2
Floor area: 76m2
Land area: 715m2
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Last updated 29 Dec 2025
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Property Details for 1 Albert St, Preston

1 Albert St, Preston is a 2 bedroom, 1 bathroom House with 2 parking spaces and was built in 1955. The property has a land size of 715m2 and floor size of 76m2. While the property is not currently for sale or for rent, it was last transferred in August 1997.

Building Type
House
Year Built
1955
Floor Size
76m2
Land Size
715m2
Local Government
Darebin
Lot/Plan
1/TP210920

Last Listing description (December 2025)

The home sits on a generous 715m (approx.) block, complete with a good-sized backyard and off-street parking for one car. Adding to its appeal, the property comes with proposed plans and drawings for five units, offering a head start for those looking to capitalise on its redevelopment potential (STCA).Set in this great position of Preston, this charming home offers comfortable living today with exciting potential for the future. Inside, you'll find two generous bedrooms with brand-new carpet, a separate lounge with polished floorboards, and a central bathroom featuring a new vanity. The functional kitchen is fitted with new gas appliances and floating floorboards, while a separate laundry adds convenience.Located close to schools, shops, parks, and excellent transport links including Preston Station, this solid brick home is ideally positioned for a knockdown and rebuild, with endless scope to create your vision on a spacious lot.

Property History for 1 Albert St, Preston, VIC 3072

A timeline of how this property has performed in the market
Last Transferred
$69,500
30 Aug 1997
Listed for Rent
$329/w
10 May 2022
  • 14 Aug 2025
    Listed for Sale UNDER OFFER
  • 19 May 2023
    Listed for Sale Contact Agent
  • 23 Nov 2021
    Listed for Rent $330 / 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 21,593 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.
There are currently 61 properties listed for sale, and 36 properties listed for rent in Preston on OnTheHouse. According to Cotality's data, 943 properties were sold in the past 12 months in Preston.

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© Copyright 2026. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

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