306/388 Murray Road, Preston, VIC 3072 | Property Value & History | OnTheHouse
OFF MARKET

306/388 Murray Road
Preston VIC 3072

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Floor area: 77m2
Land area: 5273m2
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Property Details for 306/388 Murray Rd, Preston

306/388 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 December 2021.

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

Last Listing description (July 2025)

Experience contemporary living at its finest with this beautifully designed two-bedroom apartment, perfectly positioned just a few steps from the iconic Preston Market. Located within the sought-after Murray 388 complex and only 9km from Melbournes CBD, this stylish residence offers a vibrant lifestyle of comfort, convenience, and connectivity.

Ideal for professionals, the location couldn't be more appealing. Preston Train Station is a short stroll away, providing quick and stress-free access to the city. Trendy cafes and restaurants along High Street, Melbourne Polytechnic, Northland Shopping Centre, leafy parks, and local playgrounds are all easily accessible.

Step inside to discover a light-filled open-plan living area enhanced by high square-set ceilings, warm timber floors, and floor-to-ceiling windows that invite an abundance of natural light. The gourmet kitchen boasts sleek stone benchtops, a generous island bench, and premium stainless steel appliances, flowing seamlessly onto a spacious, enclosed entertainers balconyperfect for year-round enjoyment.

The master bedroom features a fully tiled ensuite, walk-in robe, and private balcony access, while the second bedroom includes built-in robes and easy access to the stylish main bathroom.

Additional features include:

- Secure basement car space & storage cage

- Video intercom & lift access

- Split-system heating and cooling

- Access to a serene communal courtyard

Dont miss your chance to secure this exceptional apartment offering modern comfort in one of Prestons most connected locations.

Property History for 306/388 Murray Rd, Preston, VIC 3072

A timeline of how this property has performed in the market
Last Sold
$495,000
23 Dec 2021
Listed for Rent
$550/w
12 Jul 2025
  • 09 Jul 2025
    Listed for Rent $550 / week
  • 23 Dec 2021
    Sold for $495,000
  • 03 Aug 2021
    Listed for Sale Sale
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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 21,596 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:

  • 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.
There are currently 64 properties listed for sale, and 38 properties listed for rent in Preston on OnTheHouse. According to Cotality's data, 946 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.