17/388 Murray Road, Preston, VIC 3072 | Property Value & History | OnTheHouse
 
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17/388 Murray Road
Preston VIC 3072

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Floor area: 86m2
Land area: 5273m2
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Last updated 19 Jan 2026
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Property Details for 17/388 Murray Rd, Preston

17/388 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 86m2. While the property is not currently for sale or for rent, it was last sold in September 2024.

Building Type
Unit
Year Built
2015
Floor Size
86m2
Land Size
5273m2
Local Government
Darebin
Lot/Plan
17/PS733538

Last Listing description (August 2024)

Uncompromised lifestyle meets supreme practicality in this well-designed two-bedroom, two-bathroom apartment within the upmarket Murray 388 apartment complex.

Only 9km (approx.) to Melbourne's CBD andwalk across the road to Preston train station, trendy eateries along High Street & Preston Market and only moments from Melbourne Polytechnic, Northland Shopping Centre, parks and playgrounds, this modern Preston apartment offers clean lines and a desirable low-maintenance design in a boutique development.

Located on the ground-floor for convenience, the apartment's centerpiece is its large Kitchen with huge return bench, which is perfect for preparing and eating all your meals.


Equally impressive is the sleek interior of this smart and stylish abode, which features a bright sun bathed open-plan living area due to its north facing living and terrace, dressed with contemporary timber floors, a deluxe kitchen with stainless steel appliances, easy-to-clean splash back and stone benchtops and two fully-tiled bathrooms servicing two generous-sized bedrooms (main with ensuite and walk-through robe).

Square-set high ceilings accentuate height and space, while large windows provide loads of natural light, split-system heating/cooling, secure access, secure basement car space (with storage cage and no car stackers) and access to a communal courtyard are further highlights of this fantastic first home or smart investment in Preston's heart.

The complex also includes an abundance of guest parking, beautiful gardens and is only a few steps to Preston Market, Woolworths, Preston Train Station, Restaurants and the Gilbert Road Tram. The property is in the zone for Preston West Primary School and Preston High School. This is the perfect opportunity for the first home buyer, young family, or even the astute investor wanting to add a future-proof apartment to their portfolio.

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Property History for 17/388 Murray Rd, Preston, VIC 3072

A timeline of how this property has performed in the market
Last Sold
$430,000
02 Sep 2024
Listed for Rent
$425/w
30 Aug 2022
  • 02 Sep 2024
    Sold for $430,000
  • 24 Jul 2024
    Listed for Sale Undisclosed
  • 23 Aug 2022
    Listed for Rent $425 / week
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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 21,600 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:

  • The median value for Houses in Preston is $1,235,570 while the median value for Units is $633,025.
  • Houses have a median rent of $625 while Units have a median rent of $550.
There are currently 63 properties listed for sale, and 51 properties listed for rent in Preston on OnTheHouse. According to Cotality's data, 932 properties were sold in the past 12 months in Preston.

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Cotality Copyright and Legal Disclaimers about Property Data

© 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.

Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.

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