407/388 Murray Road, Preston, VIC 3072 | Property Value & History | OnTheHouse
OFF MARKET

407/388 Murray Road
Preston VIC 3072

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Floor area: 78m2
Land area: 5273m2
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Property Details for 407/388 Murray Rd, Preston

407/388 Murray Rd, Preston is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 2016. The property has a land size of 5273m2 and floor size of 78m2. While the property is not currently for sale or for rent, it was last sold in August 2019.

Building Type
Unit
Year Built
2016
Floor Size
78m2
Land Size
5273m2
Local Government
Darebin
Lot/Plan
407/PS733538

Last Listing description (July 2021)

The ideal place to live with stunning views of the city. This large two-bedroom apartment features a modern touches throughout in a dream location with just a short walk to Preston market and public transport

What you need to know
Accommodation:

- Two Bedroom, one with built in robes and one with walk in robes & ensuite
- Open plan living room with adjoining kitchen/meals area
- Second living area/lounge room
- Sparkling bathroom with oversized shower
- European laundry in bathroom
- Large kitchen with ample bench/storage space
- Large balcony, perfect for entertaining
- Small private balcony off main bedroom
- Underground car space & storage cage
Comforts:
- Stainless steel appliances including dishwasher
- Split system heating and cooling
- Near new floating floorboards
- Gas cooktop & electric oven
- Secure building with occupant only access & intercom
- Access to large community courtyard & views via courtyard
Amenities:
- Preston Market
- Preston Train Station
- High Street Shops and Cafes

* Rent payable per calendar month: $1782
Bond: $1782

Property History for 407/388 Murray Rd, Preston, VIC 3072

A timeline of how this property has performed in the market
Last Sold
$485,000
17 Aug 2019
Listed for Rent
07 Jul 2021
  • 20 May 2021
    Listed for Rent $410 / week
  • 20 Aug 2019
    Listed for Rent - Price not available
  • 17 Aug 2019
    Sold for $485,000
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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 21,600 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 63 properties listed for sale, and 51 properties listed for rent in Preston on OnTheHouse. According to Cotality's data, 933 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.