481 Gilbert Road, Preston, VIC 3072 | Property Value & History | OnTheHouse
OFF MARKET

481 Gilbert Road
Preston VIC 3072

Bedrooms: 3
Bathrooms: 1
Car spaces: 2
Floor area: 120m2
Land area: 464m2
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Property Details for 481 Gilbert Rd, Preston

481 Gilbert Rd, Preston is a 3 bedroom, 1 bathroom House with 2 parking spaces and was built in 1958. The property has a land size of 464m2 and floor size of 120m2. While the property is not currently for sale or for rent, it was last sold in May 2021.

Building Type
House
Year Built
1958
Floor Size
120m2
Land Size
464m2
Local Government
Darebin
Lot/Plan
3/LP8355

Last Listing description (May 2021)

*Please register your interest for this property so that we can ensure you are included in the auction should there be a last minute change. Thank you.*

Retaining its distinctive fifties' flavour, this blonde-brick beauty has undergone an inspired transformation with its redesigned interior, custom renovations and efficiency upgrades delivering a family environment of absolute quality, versatility and urban practicality. Beyond its characteristic facade, discover a vogue interior bathed in natural light comprising three bedrooms (large master) all with built-in robes serviced by a deluxe central bathroom with freestanding tub, rain-head shower, floor-to-ceiling tiles and separate WC. Adding to the allure is a spacious and versatile open-plan living/dining area complemented by a custom kitchen complete with stone benchtops and breakfast bar, tiled splashbacks, Bosch dishwasher and Miele cooking appliances. Other stand-out features of the home include high ceilings and original solid hardwood floors, full-size laundry and excellent storage options, split-system heating/cooling and additional gas-log fireplace for year-round comfort, as well as double-glazed/laminated windows, premium insulation and 5kW solar power for outstanding energy efficiency. Double doors (from the living area) reveal a fabulous outdoor entertaining deck and substantial backyard garden oasis with handy workshop/storeroom, plus the added flexibility of a dedicated studio/home office and front driveway for two-car off-street parking. Moments from the tram stop (on Gilbert Road) and walking distance to Murray Road buses, it's also close to popular schools, local parks and cafes, as well as easy access to Melbourne Polytechnic, Preston Market and Preston Station.
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Property History for 481 Gilbert Rd, Preston, VIC 3072

A timeline of how this property has performed in the market
Last Sold
$1,231,000
08 May 2021
  • 08 May 2021
    Sold for $1,231,000
  • 14 Apr 2021
    Listed for Sale Auction $970,000 - $1,040,000
  • 09 Jun 2007
    Sold for $420,250
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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.
There are currently 64 properties listed for sale, and 38 properties listed for rent in Preston on OnTheHouse. According to Cotality's data, 946 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.