3/31 Bailey Ave, Preston is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1990. While the property is not currently for sale or for rent, it was last sold in March 2025. There are other 1 bedroom Unit sold in Preston in the last 12 months.
One of only three properties on the block, this freestanding single storey residence provides a truly exceptional low-maintenance lifestyle opportunity boasting a spacious floorplan, long list of features and oversized courtyard. Bathed in natural light, the home's impeccable interior comprises two bedrooms (both with mirrored robes), contemporary-style bathroom and separate WC, open-design lounge/dining area and adjoining kitchen with stainless steel cooking appliances. Add to this ducted heating and split-system a/c, alarm, polished hardwood floors, double blinds, full-size laundry, dishwasher, plus remote-control garage and a wonderfully private full-width courtyard to relax or entertain. Well south of Bell Street, within walking distance to buses, parks and schools, with easy access to High Street trams, Thornbury Station and local cafes.
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:
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