220/388 Murray Road, Preston, VIC 3072 sold on 27 August 2025 | OnTheHouse
SOLD
Sold on 27 Aug 2025 - Price Unavailable

220/388 Murray Road
Preston VIC 3072

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
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Property Details for 220/388 Murray Rd, Preston

220/388 Murray Rd, Preston is a 2 bedroom, 2 bathroom Apartment with 1 parking spaces. While the property is not currently for sale or for rent, it was last sold in August 2025. There are other 2 bedroom Apartment sold in Preston in the last 12 months.

Building Type
Apartment

Last Listing description (August 2025)

If you're looking for a well-designed, low-maintenance apartment with everything at your doorstep, Apartment 220 at 388 Murray Road delivers. Set within the highly regarded "Murray 388" complex, this two-bedroom, two-bathroom residence is ideal for first home buyers, downsizers, or investors wanting location, practicality, and secure modern living.

Inside, the apartment offers a thoughtful floor plan that makes the most of every square metre. The open-plan living and dining area is generously sized, with large windows letting in plenty of natural light and direct access to your own private balcony - perfect for morning coffee or an evening wind-down. The well-planned layout creates a sense of space and separation within the home, giving each bedroom its own quiet retreat while keeping the living areas open and connected.

The kitchen is modern and functional, with clean finishes, great bench space, and lots of overhead and under-bench storage. It's designed for ease, whether you're preparing everyday meals or entertaining friends.

Both bedrooms are generously sized and come equipped with built-in wardrobes, providing ample storage. The master bedroom is a private retreat, complete with its own ensuite bathroom that offers convenience and a sense of seclusion. The second bathroom is full-sized and thoughtfully designed, featuring a separate shower alongside sleek, modern fixtures that create a clean and contemporary atmosphere. A discreet European-style laundry is seamlessly integrated within the bathroom area, maximizing functionality without compromising on style or space.

The location truly stands out, placing you just moments from Preston Market - a beloved local hub renowned for fresh food, vibrant culture, and a strong sense of community. With Preston Train Station just around the corner, commuting to the city is both quick and convenient. The surrounding neighbourhood offers a diverse mix of cafés, restaurants, supermarkets, specialty shops, and easy access to public transport, ensuring everything you need is close at hand.

Whether you're looking to move in or rent it out, this apartment ticks all the boxes: a smart layout, excellent natural light, secure building, and an unbeatable inner-north location. With everything you need at your fingertips, 220/388 Murray Road offers a lifestyle of comfort, simplicity, and urban convenience.

Property History for 220/388 Murray Rd, Preston, VIC 3072

A timeline of how this property has performed in the market
Last Sold
27 Aug 2025
Listed for Rent
$400/w
29 May 2017
  • 27 Aug 2025
    Sold for $435,000
  • 05 Aug 2025
    Listed for Sale Auction: $385,000 - $420,000
  • 16 May 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 21,596 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 38 properties listed for rent in Preston on OnTheHouse. According to Cotality's data, 946 properties were sold in the past 12 months in Preston.

Suburb Insights for Preston 3072

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Adam Bassani
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Drita Buljukbasi
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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.