3/531 Murray Road, Preston, VIC 3072 | Property Value & History | OnTheHouse
OFF MARKET

3/531 Murray Road
Preston VIC 3072

Bedrooms: 3
Bathrooms: 2
Car spaces: 2
Land area: 144m2
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Last updated 6 Apr 2026
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Property Details for 3/531 Murray Rd, Preston

3/531 Murray Rd, Preston is a 3 bedroom, 2 bathroom Townhouse with 2 parking spaces. The property has a land size of 144m2. While the property is not currently for sale or for rent, it was last sold in October 2022.

Building Type
Townhouse
Land Size
144m2
Local Government
Darebin
Lot/Plan
3/PS901151

Last Listing description (March 2026)

Please note, rent is paid monthly - $3194 per calendar month ($735.00 per week).Classy with its high-end appointments and luxe modern interiors, this three bed, two bath residence boasts style and lifestyle in spades. The spacious open living area provides smooth indoor/outdoor connectivity to the generous outdoor area, perfect for entertaining family and friends. Positioned a short walk to Merri Creek Trail, buses, trams, schools and Preston Market.- Bright, open plan living space features quality timber flooring- Naturally flows to spacious sunlit yard ideal for entertaining- Sleek stone kitchen, 900mm oven and quality appliances- Master bedroom features large built-in robes plus luxe ensuite- Substantial light-filled bedrooms include carpet and built-in robes- Central bathroom with a designer tub and sleek double vanity- Split system heating/cooling, powder room, storage shed- Recycled red brickwork, alarm system, intercom, water tank- Single garage with remote/internal access, separate laundry- Zoned to Newlands Primary School and Coburg High School- Moments to Preston Market, Gilbert Road tram and Merri Creek

Property History for 3/531 Murray Rd, Preston, VIC 3072

A timeline of how this property has performed in the market
Last Sold
$895,000
01 Oct 2022
  • 24 Feb 2026
    Listed for Rent $735 / week
  • 24 Oct 2022
    Listed for Rent $650 / week
  • 01 Oct 2022
    Sold for $895,000
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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 21,613 properties. Over the last 5 years, Houses in Preston have seen a 8.24% increase in median value, while Units have seen a 11.16% increase. As at 31 March 2026:

  • The median value for Houses in Preston is $1,228,630 while the median value for Units is $652,709.
  • Houses have a median rent of $695 while Units have a median rent of $550.
There are currently 67 properties listed for sale, and 41 properties listed for rent in Preston on OnTheHouse. According to Cotality's data, 948 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.