11/553 Murray Rd, Preston is a 2 bedroom, 1 bathroom Townhouse with 1 parking spaces and was built in 2016. The property has a land size of 55m2 and floor size of 86m2. While the property is not currently for sale or for rent, it was last sold in December 2019.
Tucked away in a boutique modern complex, this as-new multi-level townhouse makes an ideal choice for first-time buyers and blue-chip investors alike with its beautifully-appointed interior, abundance of natural light and immediate access to the best of West Preston. Generous floorplan highlights two bedrooms (large master) both with built-in robes, stylish central bathroom and guest powder room (second WC). Add to this a superb stone-bench kitchen with Blanco appliances and open-plan living/dining area leading out to a full-width private terrace. Other stand-out features include split-system heating and cooling (living area and both bedrooms), American Oak engineered flooring, square-set ceilings and efficient LED lighting throughout, plus a built-in home theatre system (projector, screen and integrated speakers), discreet laundry facilities and oversized single garage (r/c) with internal entry. Walking distance to Elizabeth Street buses and Gilbert Road trams, Merri Creek trails and parkland, it's also close to Coburg Hill Shopping Centre and popular schools, as well as easy access to Preston Market and Preston Station. Modern low-maintenance perfection!
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 21,599 properties. Over the last 5 years, Houses in Preston have seen a 19.15% increase in median value, while Units have seen a 13.68% increase. As at 31 December 2025:
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