1 Gilbert RoadPreston VIC 3072
Property Details for 1 Gilbert Rd, Preston
1 Gilbert Rd, Preston is a 9 bedroom, 4 bathroom Unit with 4 parking spaces and was built in 2010. The property has a land size of 214m2 and floor size of 59m2.
Last Listing description (September 2021)
Situated in easily Preston's most sought after pocket with the tram stop at your doorstep is this unique opportunity to purchase an existing site of 4 villa units on one title, this should please the most fastidious of investors. Currently returning a generous $65,196 Per annum, with the genuine potential of returning a mind blowing $80,000 Or more per annum once refurbished. This amazing property on 816.5sm approx. offers the potential to purchase as a lifelong investment or develop a project (subject to council approval). The front unit is a sizeable 3 bedroom, while the back three units all offer two bedroom accommodation. All units have a central bathroom, open plan kitchen/meals/living area & separate laundry facilities. Each unit also has its own allocated car space. Situated under 10kms away approx. to the CBD and only minutes' drive to Northland Shopping Centre, Preston Market, schools & train station. This is a rare & unique opportunity that can't be matched! Call Daniel Nardella today on 0423488822 to find out more info.
Property History for 1 Gilbert Rd, Preston, VIC 3072
- 24 Mar 2021Listed for Sale Auction This Saturday @ 11am
- 19 Oct 2018Listed for Rent - Price not available
- 29 Aug 2018Listed for Sale Contact Agent
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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 21,596 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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