387 High Street, Preston, VIC 3072 | Property Value & History | OnTheHouse
 
OFF MARKET

387 High Street
Preston VIC 3072

Bedrooms: 3
Bathrooms: 2
Car spaces: 2
Floor area: 5m2
Land area: 194m2
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Last updated 29 Dec 2025
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Property Details for 387 High St, Preston

387 High St, Preston is a 3 bedroom, 2 bathroom Unit with 2 parking spaces. The property has a land size of 194m2 and floor size of 5m2. While the property is not currently for sale or for rent, it was last sold in December 2016.

Building Type
Unit
Floor Size
5m2
Land Size
194m2
Local Government
Darebin
Lot/Plan
2/LP52541

Last Listing description (May 2017)

You may view this property at the following times:
Tuesday 22nd November 6:00pm-6:30pm
Friday 25th November 11:00am-11:30am

Saturday 26th November 2:00pm-2:30pm
Tuesday 29th November 6:00pm-6:30pm
Saturday 3rd December 1:00pm-1:30pm
Tuesday 6th December 2:00pm-2:30pm
Thursday 8th December 3:00pm-3:30pm
Saturday 10th December 12:30pm-1:00pm - Auction at 1:00pm

This two level retail property will surely tempt all investors. Brilliantly positioned in Preston s most sought after location with excellent exposure and immense foot traffic, also having the Preston Market, Cramer s Entertainment Complex, Preston Train Station, restaurants/cafes, banks and Town Hall at your fingertips. There are endless possibilities for this modern retail shop with rear access, which is fitted out with quality fixtures and fittings and also boasts three bedrooms on the first floor that would suit owner occupiers, whether you would like to take possession or scope to redevelop (STCA). Preston Development Zone 2 on 193.98m2 approx.
Ground Floor
A modern retail shop that currently features a beauty salon, store open space, two separate consultation rooms, kitchen, laundry, powder room, shed, large courtyard with two car spots, gated fence at rear.
First floor
Up the staircase you will find three spacious bedrooms, renovated large bathroom and a living zone.

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Property History for 387 High St, Preston, VIC 3072

A timeline of how this property has performed in the market
Last Sold
$1,247,000
10 Dec 2016
  • 10 Dec 2016
    Sold for $1,247,000
  • 13 Apr 2016
    Listed for Sale Contact Agent
  • 19 Aug 2004
    Sold for $614,000
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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 21,593 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 61 properties listed for sale, and 36 properties listed for rent in Preston on OnTheHouse. According to Cotality's data, 943 properties were sold in the past 12 months in Preston.

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