474 Murray RoadPreston VIC 3072
Property Details for 474 Murray Rd, Preston
Last Listing description (October 2015)
Loaded with Development options (STCA)
891m2 approx. of Residential Zone land with laneway access to the rear. Comprising: 474 Murray Road, Preston - brick, 5 roomed dwelling, needing renovation. 474a Murray Road, Preston - lock up shop, returning $11,730 plus GST/outgoings per annum 474b Murray Road, Preston - lock up shop, returning $19,296 plus GST/outgoings per annum Situated in this high profile locale within 9.5kms of Melbourne CBD, flanked by Gilbert Road Tram, Preston Market & Train Station and vibrant High Street food and business precinct. NB. First time this property has been offered for sale since 1968! Make your move! Photo ID Required
Property History for 474 Murray Rd, Preston, VIC 3072
- 08 Apr 2015Listed for Sale CONTACT AGENT
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 21,596 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.
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