116 High Street, Preston, VIC 3072 | Property Value & History | OnTheHouse
 
OFF MARKET

116 High Street
Preston VIC 3072

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Floor area: 73m2
Land area: 1492m2
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Property Details for 116 High St, Preston

116 High St, Preston is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 2010. The property has a land size of 1492m2 and floor size of 73m2. While the property is not currently for sale or for rent, it was last sold in April 2023.

Building Type
Unit
Year Built
2010
Floor Size
73m2
Land Size
1492m2
Local Government
Darebin
Lot/Plan
1/PS603967

Last Listing description (June 2023)

SAVE Tens, if not Hundreds of Thousands of Dollars on fitting out a new concrete shell with this great value fully fitted office suite and keep the money you save for something fun - like a holiday or maybe a new car!

Located in Preston's professional district between Bell Street and Dundas Street, this well presented contemporary style office suite offers full fit out, 2 allocated car spaces in the lock up under croft garage, excellent location, great street exposure and much more.

The Property

- Building Area: 94 sqm*
- Situated on the High Street professional strip
- Reception area
- 2 separate offices
- Open plan office area
- Board room
- Reverse cycle air conditioning
- Data cabling & patch panel
- Zoned Commercial 1 (C1Z)
- Would ideally suit office & medical uses (stca)
- 2 car spaces in lock-up garage

Location
- Wide High Street frontage with excellent signage opportunity
- Handy to bus & tram
- Proximity to Bell train station 400 metres*
- Proximity to Preston train station 1.2 kms*
- Handy to cafes, restaurants and shopping
- Proximity to from Preston Market 1 km*
- Proximity to Northcote Plaza 2.3 kms*
- Proximity to Melbourne CBD 11 kms*

The Commercial 1 zoning allows for multiple uses including office, medical and retail (stca). The improvements and fit out are in great condition so you can move straight in and start operating or lease it out at circa $30,000 pa.

Call John Star on 0418 951 604 or John Kalpakis on 0412 500 250 for further information or to arrange an inspection.

*Approx.

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Property History for 116 High St, Preston, VIC 3072

A timeline of how this property has performed in the market
Last Sold
$515,000
21 Apr 2023
Listed for Rent
$360/w
15 Mar 2022
  • 21 Apr 2023
    Sold for $515,000
  • 11 Nov 2022
    Listed for Sale UNDER OFFER
  • 05 Aug 2013
    Sold for $349,250
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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, 946 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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