411/388 Murray Road, Preston, VIC 3072 | Property Value & History | OnTheHouse
OFF MARKET

411/388 Murray Road
Preston VIC 3072

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Floor area: 75m2
Land area: 5273m2
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Property Details for 411/388 Murray Rd, Preston

411/388 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 75m2. While the property is not currently for sale or for rent, it was last sold in June 2020.

Building Type
Unit
Year Built
2015
Floor Size
75m2
Land Size
5273m2
Local Government
Darebin
Lot/Plan
411/PS733538

Last Listing description (June 2020)

Take advantage of record-low interest rates and secure your place in the heart of Preston with this lifestyle-enriching two-bedroom apartment.Enjoying a desirable corner position in the upmarket Murray 388 apartment complex allows the apartment to capture relaxing north- and west-facing views, while living in a premier lifestyle location only 9km (approx.) from the CBD, within walking distance of Preston train station, Preston Market, trendy High Street eateries, Melbourne Polytechnic, parks and playgrounds and minutes from Gilbert Road trams and cafes, Northland Shopping Centre and the Merri Creek Trail delivers an unbeatable lock-and-leave way of life.The positive appeal extends to the fashionable interior of this sleek and stylish apartment, which enjoys the advantage of two deluxe fully-tiled bathrooms servicing two spacious bedrooms, along with the convenience of a secure undercover car space, storage cage, secure entry and lift access.Size, style and plenty of natural light enhance the appeal of the radiant open-plan living area, dressed with contemporary flooring and a modern kitchen equipped with sleek stone benchtops and 600mm stainless steel appliances. And with direct access to an enclosed balcony, cocktails at sunset just got a whole lot better...Flaunting quality finishes throughout, split-system heating/cooling, European laundry, square-set high ceilings and access to a communal courtyard, it's the perfect place to start your journey in the property game, invest or downsize while upgrading your lifestyle.

Property History for 411/388 Murray Rd, Preston, VIC 3072

A timeline of how this property has performed in the market
Last Sold
$470,000
25 Jun 2020
  • 25 Jun 2020
    Sold for $470,000
  • 16 Jun 2020
    Listed for Sale $440,000 - $475,000
  • 01 Jul 2017
    Sold for $430,000
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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 21,601 properties. Over the last 5 years, Houses in Preston have seen a 21.98% increase in median value, while Units have seen a 9.13% increase. As at 31 October 2025:

  • The median value for Houses in Preston is $1,229,206 while the median value for Units is $620,615.
  • Houses have a median rent of $620 while Units have a median rent of $550.
There are currently 82 properties listed for sale, and 40 properties listed for rent in Preston on OnTheHouse. According to Cotality's data, 907 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.