2/47 Wallace Street, Preston, VIC 3072 | Property Value & History | OnTheHouse
OFF MARKET

2/47 Wallace Street
Preston VIC 3072

Bedrooms: 3
Bathrooms: 2
Car spaces: 1
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Last updated 6 Apr 2026
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Property Details for 2/47 Wallace St, Preston

2/47 Wallace St, Preston is a 3 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 1993. While the property is not currently for sale or for rent, it was last sold in April 2014.

Building Type
Unit
Year Built
1993
Local Government
Darebin
Lot/Plan
2/PS326654

Last Listing description (October 2019)

Located in the sort out pocket of West Preston...

Spacious and stylish accommodation with everything you need. Boasting larger than expected updated lounge/living area with split system and enjoying an abundance of natural light modern kitchen with gas cooking appliances, dishwasher and stone bench tops with adjoining dining room, three bedrooms (all with BIRs, master with renovated ensuite), central bathroom with bath tub, separate toilet & laundry, not to mention includes enclosed back sunroom that's perfect for kids corner/entertaining with split system (wood fire not functional). Features include polished floorboards throughout, lock up garage with internal access and additional car space, ducted heating and evaporative cooling throughout. Located in the sort out pocket of West Preston, that's within walking distance Bell St/Preston train stations, Gilbert Rd Tram, local parks, schools and supermarkets. Inspections are sure to impress!!

Property History for 2/47 Wallace St, Preston, VIC 3072

A timeline of how this property has performed in the market
Last Sold
$500,000
08 Apr 2014
  • 09 Oct 2019
    Listed for Rent $600 per week
  • 25 Apr 2009
    Listed for Sale Not Disclosed
  • 10 Jan 2008
    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 21,609 properties. Over the last 5 years, Houses in Preston have seen a 8.24% increase in median value, while Units have seen a 11.16% increase. As at 31 March 2026:

  • The median value for Houses in Preston is $1,228,630 while the median value for Units is $652,709.
  • Houses have a median rent of $695 while Units have a median rent of $550.
There are currently 68 properties listed for sale, and 41 properties listed for rent in Preston on OnTheHouse. According to Cotality's data, 947 properties were sold in the past 12 months in Preston.

Suburb Insights for Preston 3072

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Cotality Copyright and Legal Disclaimers about Property Data
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.