227 Wood Street, Preston, VIC 3072 | Property Value & History | OnTheHouse
 
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227 Wood Street
Preston VIC 3072

Bedrooms: 3
Bathrooms: 1
Car spaces: 2
Land area: 487m2
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Last updated 12 Jan 2026
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Property Details for 227 Wood St, Preston

227 Wood St, Preston is a 3 bedroom, 1 bathroom House with 2 parking spaces and was built in 1940. The property has a land size of 487m2. While the property is not currently for sale or for rent, it was last sold in August 2021.

Building Type
House
Year Built
1940
Land Size
487m2
Local Government
Darebin
Lot/Plan
51/LP6231

Last Listing description (July 2021)

*Please ensure you are registered to attend the open for inspection. Inspections are permitted to a maximum of 10 people inside at any time, subject to the density quotient of 1 person per 4 sqm. All Nelson Alexander opens will be conducted in accordance with the current government requirements. Thank you*

Endorsed Town Planning Approved this side be side townhouses project in Preston's growth corridor in a prime location on a generous parcels of land with rear lane way access. Designed for spacious family home with low maintenance garden for a safe and bankable profit return.

This enormous site permit to construct 2 spectacular new 2-level townhouses. Along with architectural plans and a range of other reports already completed, the dwellings include Mutual features of each townhouse include 3 generous bedrooms along with open-plan living/dining area and adjoining kitchen leading out to a full-width terrace.

This exceptional project has been offering as follows,

Townhouse 1 - 3 beds 2 Livings 3 baths 2 garages 23.57sq
Townhouse 2 - 3 beds 2 Livings 4 baths 2 garages 23.63sq

The location offers all the right ingredients for a successful venture. the home's current accommodation includes three large bedrooms and neat central bathroom, separate lounge through to the kitchen/meals area and light-filled rear living room. Other features include high ceilings and polished timber floors, laundry and separate WC, plus an expansive backyard complete with double garage.
Situated close to the Preston Market. Only minutes to the Preston Primary School, Preston High School, Preston train Station and Plenty Road trams, which provides a quick and easy commute to La Trobe and RMIT universities, As does live within moments of local Parks, High Street bars & cafes.

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Property History for 227 Wood St, Preston, VIC 3072

A timeline of how this property has performed in the market
Last Sold
$1,235,000
02 Aug 2021
Listed for Rent
$480/w
21 Aug 2017
  • 02 Aug 2021
    Sold for $1,235,000
  • 16 Dec 2020
    Listed for Sale Private Sale $1,250,000
  • 17 Jul 2017
    Listed for Rent $480 / 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 21,604 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 65 properties listed for sale, and 51 properties listed for rent in Preston on OnTheHouse. According to Cotality's data, 943 properties were sold in the past 12 months in Preston.

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© 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.

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