120/388 Murray Road, Preston, VIC 3072 | Property Value & History | OnTheHouse
 
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120/388 Murray Road
Preston VIC 3072

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Floor area: 77m2
Land area: 5273m2
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Property Details for 120/388 Murray Rd, Preston

120/388 Murray Rd, Preston is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 2015. The property has a land size of 5273m2 and floor size of 77m2. While the property is not currently for sale or for rent, it was last sold in March 2020.

Building Type
Unit
Year Built
2015
Floor Size
77m2
Land Size
5273m2
Local Government
Darebin
Lot/Plan
120/PS733538

Last Listing description (April 2020)

Experience cosmopolitan Preston living at its absolute best with this position-perfect two-bedroom apartment in the heart of Preston.

Located within the upmarket Murray 388 apartment complex only 9km (approx.) from Melbourne's CBD yet even closer (within walking distance, in fact!) to Preston train station, Preston Market and the famous High Street dining and shopping strip, it's ideal for the homebuyer who loves being at the centre of all the action.

With a bustling social life awaiting outside, it's nothing but peace and quiet inside this two-bedroom sanctuary along with the convenience of two stylish bathrooms servicing two generous-sized bedrooms.

The seamless integration between the radiant open-plan living area and large east-facing balcony makes indoor-outdoor entertaining possible, while a feature-packed kitchen with stone benchtops and stainless steel appliances will unleash the gourmet chef within.

Dressed with high quality fixtures and fittings and climate controlled with split-system heating and cooling, this excellent entry into Preston, downsizing option or solid investment also enjoys the benefits of a basement car park with full carpark (not a stacker), storage cage, intercom entry, European laundry and outstanding access to Gilbert Road trams, bus transport, Melbourne Polytechnic, Northland Shopping Centre, parks and playgrounds.

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Property History for 120/388 Murray Rd, Preston, VIC 3072

A timeline of how this property has performed in the market
Last Sold
$455,000
21 Mar 2020
Listed for Rent
$400/w
25 Sep 2017
  • 21 Mar 2020
    Sold for $455,000
  • 03 Mar 2020
    Listed for Sale Sale
  • 09 Aug 2017
    Listed for Rent - Price not available
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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 21,602 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 80 properties listed for sale, and 38 properties listed for rent in Preston on OnTheHouse. According to Cotality's data, 901 properties were sold in the past 12 months in Preston.

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© Copyright 2025. 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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