148 Albert StreetPreston VIC 3072
Property Details for 148 Albert St, Preston
148 Albert St, Preston is a 3 bedroom, 1 bathroom House with 2 parking spaces. The property has a land size of 501m2.This Property is currently listed for rent with Harcourts Rata & Co
Last Listing description (March 2026)
A rare and exciting opportunity offering a prime development site with approved plans and permits for three contemporary triple-storey townhouses, each thoughtfully designed to deliver exceptional, light-filled living spaces.
Further enhancing the appeal, the allotment also includes the original three-bedroom, one-bathroom residence, providing immediate rental income or a practical holding option while development plans are brought to fruition.
Ideally positioned within a highly sought-after Preston pocket, the site enjoys close proximity to local schools, shopping precincts, parklands, and transport links. With easy access to High Street’s vibrant café and dining scene, Northland Shopping Centre, and seamless connections to Melbourne’s CBD, the location delivers outstanding lifestyle appeal and everyday convenience.
Property History for 148 Albert St, Preston, VIC 3072
- 20 Mar 2026Sold for $820,000
- 20 Mar 2026Listed for Rent $550 / week
- 29 Jan 2026Listed for Sale $820,000
Recent sales nearby
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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 21,609 properties. Over the last 5 years, Houses in Preston have seen a 16.08% increase in median value, while Units have seen a 10.01% increase. As at 28 February 2026:
- The median value for Houses in Preston is $1,251,239 while the median value for Units is $636,892.
- Houses have a median rent of $650 while Units have a median rent of $550.
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