254 Gilbert RoadPreston VIC 3072
Property Details for 254 Gilbert Rd, Preston
254 Gilbert Rd, Preston is a 4 bedroom, 1 bathroom House with 20 parking spaces. The property has a land size of 565m2. While the property is not currently for sale or for rent, it was last sold in August 2025. There are other 4 bedroom House sold in Preston in the last 12 months.
Last Listing description (August 2025)
A rare opportunity on a versatile 556m² approx. block zoned Housing Choice and Transport 2, this character-filled Californian Bungalow comes with proposed
plans and exceptional potential to develop three modern townhouses with city views (STCA).
Currently a well-regarded medical centre, the single-level property boasts excellent street exposure on a corner block, with generous off-street parking via Wallace Street.
Incorporating a clever layout, the large reception/waiting area is complemented by four dedicated consulting suites, one of which is suitable as a kitchenette/meals room.
Additional extras include two powder rooms, a European laundry, storeroom, timber floors and mature fruit trees.
Ideal for established health professionals, savvy investors, or those ready to embark on their next big project.
Enviably located with CBD trams at the doorstep, it's also surrounded by bus routes, Bell Street amenities, the iconic Preston Market, plus the convenience of near by High Street.
Property History for 254 Gilbert Rd, Preston, VIC 3072
- 23 Aug 2025Sold for $1,300,000
- 30 Jun 2025Listed for Sale Contact Agent
- 11 Dec 2023Listed for Sale Contact Agent
Recent sales nearby
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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 21,600 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.
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