221/388 Murray Road, Preston, VIC 3072 | Property Value & History | OnTheHouse
OFF MARKET

221/388 Murray Road
Preston VIC 3072

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Floor area: 73m2
Land area: 5275m2
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Property Details for 221/388 Murray Rd, Preston

221/388 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 5275m2 and floor size of 73m2. While the property is not currently for sale or for rent, it was last sold in June 2025.

Building Type
Unit
Year Built
2015
Floor Size
73m2
Land Size
5275m2
Local Government
Darebin
Lot/Plan
221/PS733538

Last Listing description (September 2025)

Step into modern living with this stunning 2-bedroom apartment located in the heart of Preston. Featuring spacious open-plan layouts, contemporary finishes, and an abundance of natural light, this home is designed for both comfort and style, perfect for the first home buyer, investor or downsizer. The contemporary kitchen boasts high-quality stainless-steel appliances, spacious countertops, and ample storage, making it a chef's delight. Two spacious bedrooms come equipped with built-in wardrobes, ensuring plenty of storage and a tranquil retreat for restful nights. The sleek bathroom features modern fixtures and finishes, providing a serene space to unwind, with the ensuite providing complete privacy. Step outside to your own private balcony, ideal for morning coffee or evening relaxation while enjoying views of the surrounding area. All of this whilst being in Close proximity to Preston Station, Preston Market, Shops, Schools, transport and other amenities.

Property History for 221/388 Murray Rd, Preston, VIC 3072

A timeline of how this property has performed in the market
Last Sold
$430,000
07 Jun 2025
Listed for Rent
$400/w
20 Sep 2022
  • 07 Jun 2025
    Sold for $430,000
  • 04 Nov 2024
    Listed for Sale Under Offer
  • 18 Aug 2022
    Listed for Rent $400 / week
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About Preston 3072

The size of Preston is approximately 11.5 square kilometres. There are 30 parks, covering nearly 4.7% of the 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 21,613 properties. Over the last 5 years, Houses in Preston have seen a 2.00% increase in median value, while Units have seen a 7.96% increase. As at 30 June 2026:

  • The median value for Houses in Preston is $1,201,443 while the median value for Units is $647,230.
  • Houses have a median rent of $700 while Units have a median rent of $575.
There are currently 69 properties listed for sale, and 41 properties listed for rent in Preston on OnTheHouse. According to Cotality's data, 907 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.