197 Murray Road, Preston, VIC 3072 | Property Value & History | OnTheHouse
 
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197 Murray Road
Preston VIC 3072

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Land area: 365m2
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Last updated 22 Dec 2025
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Property Details for 197 Murray Rd, Preston

197 Murray Rd, Preston is a 2 bedroom, 1 bathroom House with 1 parking spaces. The property has a land size of 365m2. While the property is not currently for sale or for rent, it was last sold in September 2022.

Building Type
House
Land Size
365m2
Local Government
Darebin
Lot/Plan
95/LP2348

Last Listing description (September 2022)

Perfectly positioned in the beating heart of Preston, this period home is ready for a brand new life to match its constantly evolving surrounds. Whether you renovate or rebuild entirely, this is your chance to score an incredible central location and enjoy instant anytime access to shopping, transport and more.
Set on a lengthy 365m2 block, the current layout offers 2 large bedrooms, a spacious lounge, a separate dining area and a bright kitchen with access to the laundry and bathroom, while the toilet sits outside next to a handy external storeroom.
The backyard is fully fenced and private with a paved patio and tidy rear garden, while the single carport is accessible from the rear of the block via a private laneway behind the property.

The potential is here to simply pick and choose the original features that appeal to you -the high ceilings, the decorative cornices - and renovate to your heart's content. Just as viable is to knock down entirely and start from scratch with the perfect modern design to suit vibrant Preston.
Speaking of location, you're just a short walk from all the fresh produce of Preston Market, the effortless transport of Preston Station and the incredible cafes and restaurants of High Street for an all-around outstanding lifestyle experience.
Zoning for Preston Primary School and Preston High School make this a great choice for young or established families, with Plenty Road trams just a stroll away for easy travel up to La Trobe or RMIT Bundoora, or down through buzzing Thornbury and Northcote as you head straight into the CBD.

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Property History for 197 Murray Rd, Preston, VIC 3072

A timeline of how this property has performed in the market
Last Sold
$825,000
24 Sep 2022
  • 24 Sep 2022
    Sold for $825,000
  • 13 Jul 2022
    Listed for Sale Under Offer
  • 09 Aug 1987
    Transferred
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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 21,596 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 64 properties listed for sale, and 37 properties listed for rent in Preston on OnTheHouse. According to Cotality's data, 947 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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