228/388 Murray Road, Preston, VIC 3072 | Property Value & History | OnTheHouse
OFF MARKET

228/388 Murray Road
Preston VIC 3072

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Floor area: 77m2
Land area: 5273m2
Estimated Value & Rent
Estimated Value
Estimated Rent
Confidence
Last updated 19 Jan 2026
Low

High
Save

Property Details for 228/388 Murray Rd, Preston

228/388 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 5273m2 and floor size of 77m2. While the property is not currently for sale or for rent, it was last sold in April 2019.

Building Type
Unit
Year Built
2015
Floor Size
77m2
Land Size
5273m2
Local Government
Darebin
Lot/Plan
228/PS733538

Last Listing description (May 2019)

Here's your chance to snap up this sleek two-bedroom, two-bathroom apartment in the upmarket Murray 388 apartment complex.
Nestled in the heart of cosmopolitan Preston only 9km from the CBD, this quality apartment is the epitome of modern living. High quality fixtures and fittings highlight its luxurious nature, while open-plan living with indoor-outdoor options will appeal to those with an appreciation for contemporary design. What's also certain to hit the right notes is the apartment's intelligent use of space and thoughtfully selected materials of a premium standard.
With a south facing living and balcony, enjoy waking up and watching the city skyline with your cup of coffee.

Security is a strong feature of the complex, with basement car park (with storage cage) and intercom entry ensuring both safety and security, while a premium location is also worthy of its five-star credentials, given its outstanding access to the bustling Preston Market, trendy High St cafes, Preston train station, trams, bus transport, NMIT, Northland Shopping Centre, parks and playgrounds.

Property History for 228/388 Murray Rd, Preston, VIC 3072

A timeline of how this property has performed in the market
Last Sold
$460,000
28 Apr 2019
  • 28 Apr 2019
    Sold for $460,000
  • 07 Mar 2019
    Listed for Sale $420,000 - $460,000
  • 10 Mar 2015
    Sold for $465,000
Commute Calculator

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 21,600 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 63 properties listed for sale, and 51 properties listed for rent in Preston on OnTheHouse. According to Cotality's data, 932 properties were sold in the past 12 months in Preston.

Suburb Insights for Preston 3072

Market Insights
Preston Trends for Houses
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
Preston Trends for Units
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
Neighbourhood Insights
Age
Household
Occupancy
No data to show
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.