47 Albert StreetPreston VIC 3072
Property Details for 47 Albert St, Preston
47 Albert St, Preston is a 3 bedroom, 1 bathroom House with 1 parking spaces and was built in 1950. The property has a land size of 527m2 and floor size of 109m2. While the property is not currently for sale or for rent, it was last sold in June 2024.
Last Listing description (June 2024)
This property boasts a generous 527sqm corner allotment, offering a multitude of possibilities. Currently leased out on a monthly basis at $420 per week, this 3-bedroom home with a spacious backyard provides a steady income stream. You have the flexibility to retain the existing home while developing the rear yard or embark on a redevelopment project (subject to council approval), making it an ideal investment opportunity with endless potential.
Conveniently located just moments away from a diverse range of amenities, including Bell Street, Northland Shopping Centre, entertainment centres, HLT Oulton Reserve, and the Plenty Road Tram, residents will enjoy easy access to everything Preston has to offer.
Featuring 3 large bedrooms, a spacious lounge, and a kitchen/meals area, this home is perfectly suited for immediate rental income, lease out while obtaining permits for development, or renovate and extend to create your dream home in the heart of it all.
Property History for 47 Albert St, Preston, VIC 3072
- 04 Jun 2024Sold for $850,000
- 23 May 2024Listed for Rent $460 / week
- 12 Feb 2024Listed for Sale Under Offer
Recent sales nearby
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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 21,602 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.
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