106/503 Plenty RoadPreston VIC 3072
Property Details for 106/503 Plenty Rd, Preston
106/503 Plenty Rd, Preston is a 2 bedroom, 2 bathroom Unit with 2 parking spaces and was built in 2019. The property has a land size of 1017m2 and floor size of 74m2. While the property is not currently for sale or for rent, it was last sold in December 2020.
Last Listing description (March 2026)
'The Modern' offers boutique apartments to please the manning crowds.
Close to eclectic cafes, designer bars and restaurants, it is only 9km from the CBD, with public transport at your doorstep. Nearby are Latrobe University, RMIT Bundoora, two Melbourne Polytechnic campuses and a plethora of schools. Nearby also is the Northland Shopping Centre and the Austin Hospital only minutes away.
Every 'The Modern' apartment has Premium 6-Star energy Efficiency rating, commercial rated double glazing windows, acoustically rated walls, floor and doors to minimise noise. The building is also equipped with Solar panels for hot water systems and common area lighting.
Please note: A second car park is available via an existing lease agreement, which will be passed on to the buyer with the sale.
Currently tenanted until the 20/04/2026.
Please note: All information provided, including descriptions, measurements, photographs, floor plans and other details, has been prepared in good faith and is for general guidance only. While every effort has been made to ensure accuracy, no warranty or representation is given as to the completeness or correctness of the information. Interested parties should make their own enquiries and rely on their own inspections and due diligence before entering into any agreement.
Property History for 106/503 Plenty Rd, Preston, VIC 3072
- 17 Nov 2025Listed for Sale $565,000 - $620,000 (BY APPOINTMENT ONLY)
- 02 Oct 2024Listed for Rent $520 / week
- 05 May 2023Listed for Rent $450 / 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 21,619 properties. Over the last 5 years, Houses in Preston have seen a 8.24% increase in median value, while Units have seen a 11.16% increase. As at 31 March 2026:
- The median value for Houses in Preston is $1,228,630 while the median value for Units is $652,709.
- Houses have a median rent of $695 while Units have a median rent of $550.
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