116/388 Murray RoadPreston VIC 3072
Property Details for 116/388 Murray Rd, Preston
116/388 Murray Rd, Preston is a 2 bedroom, 2 bathroom Apartment with 1 parking spaces. The property has a floor size of 73m2. While the property is not currently for sale or for rent, it was last sold in May 2026. There are other 2 bedroom Apartment sold in Preston in the last 12 months.
Last Listing description (May 2026)
In a vibrant location that truly speaks for itself, this contemporary two bedroom, two bathroom apartment delivers low-maintenance comfort, with everyday essentials, city-bound transport and the iconic Preston Market all just a short stroll away.
Set on the first floor of a low-rise complex centred around a communal garden, the secure property features an airy open layout, with split-system heating/cooling extending to a covered balcony ideal for intimate entertaining and morning coffees. The family/meals domain offers relaxation, while the stylish kitchen is well-appointed with quality stainless-steel appliances including a dishwasher, stone benches, soft-close cabinetry and a glass splashback. Robed bedrooms are serviced by the hotel-inspired bathroom, as the master chamber boasts a private ensuite, separate balcony and a walk-in robe. Polished floorboards add to the appeal, and additional extras comprise a European laundry, lift access, intercom, plus a designated car space complemented by a storage cage.
It provides an enticing prospect for market entrants, couples, professionals and savvy investors seeking to capitalise on a cosmopolitan address approximately 9.5km from the CBD. Enviably positioned for convenience, it enjoys proximity to Preston Station, buses, St Georges Road trams, Melbourne Polytechnic, High Street eateries/retail, and a quick drive to Northland's shopping hub.
Property History for 116/388 Murray Rd, Preston, VIC 3072
- 19 May 2026Sold for $420,000
- 16 Apr 2026Listed for Sale UNDER OFFER
- 11 Nov 2017Sold for $441,500
Recent sales nearby
See more recent sales nearby/assets/perm/j676pgp32mi6xnyezmxenwit3u?signature=fadc0172ad8502c15fd2508344fe926be89a08c7eb1c37aa517eb71ea061abd7){kind=logo}
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0About Preston 3072
The size of Preston is approximately 11.5 square kilometres. There are 30 parks, covering nearly 4.7% of the 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 2.87% increase in median value, while Units have seen a 12.12% increase. As at 30 April 2026:
- The median value for Houses in Preston is $1,194,642 while the median value for Units is $654,145.
- Houses have a median rent of $700 while Units have a median rent of $550.
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