40 Penola Street, Preston, VIC 3072 sold on 28 June 2025 | OnTheHouse
SOLD
Sold on 28 Jun 2025 for $1,540,000

40 Penola Street
Preston VIC 3072

Bedrooms: 5
Bathrooms: 3
Car spaces: 1
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Property Details for 40 Penola St, Preston

40 Penola St, Preston is a 5 bedroom, 3 bathroom House with 1 parking spaces. While the property is not currently for sale or for rent, it was last sold in June 2025. There are other 5 bedroom House sold in Preston in the last 12 months.

Building Type
House

Last Listing description (June 2025)

A striking showcase of bespoke design, this sophisticated five bedroom, three bathroom period home has been architecturally designed by Ben Callery Architect for contemporary living, offering bright spaces, quality finishes and resort-style entertaining. Semi-detached, the quintessential brick façade evokes a sense of nostalgia, while inside, the spacious conversion is flooded with north-facing sunlight. Stylish floorboards and radiant clerestory windows enhance the open family/dining domain, as the gourmet kitchen is well-appointed with premium Miele/Bosch appliances, a standalone island, double sink and abundant soft-close cabinetry. Outside, the relaxed deck overlooks a glistening pool surrounded by an established garden bed, providing the perfect setting for summertime soirées and intimate gatherings. There is also a utility shed, solar panels, rainwater tank and rear pedestrian ROW. What’s more, robed bedrooms accompany the sparkling central bathrooms, one of which features a luxurious soaker tub. The master bedroom is further complemented by a private ensuite, integrated dressing table and workstation with a window bench seat. Additional highlights include hydronic heating, split system units, hallway storage, a discreet European laundry and driveway off-street parking. Ideally zoned to Preston High School, with quick access to lively High Street eateries/shops, Ray Bramham Gardens, Bell Station, bus routes and iconic Preston Market. Only 8.5km approx. to the CBD, it ensures a lifestyle of convenience and vibrancy any day of the week.

Property History for 40 Penola St, Preston, VIC 3072

A timeline of how this property has performed in the market
Last Sold
$1,540,000
28 Jun 2025
  • 28 Jun 2025
    Sold for $1,540,000
  • 04 Jun 2025
    Listed for Sale $1,400,000 - $1,500,000
  • 02 Apr 2011
    Listed for Sale Not Disclosed
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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 21,601 properties. Over the last 5 years, Houses in Preston have seen a 19.15% increase in median value, while Units have seen a 13.68% increase. As at 31 December 2025:

  • The median value for Houses in Preston is $1,235,570 while the median value for Units is $633,025.
  • Houses have a median rent of $625 while Units have a median rent of $550.
There are currently 65 properties listed for sale, and 56 properties listed for rent in Preston on OnTheHouse. According to Cotality's data, 930 properties were sold in the past 12 months in Preston.

Suburb Insights for Preston 3072

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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.