48B South Street, Preston, VIC 3072 | Property Value & History | OnTheHouse
OFF MARKET

48B South Street
Preston VIC 3072

Bedrooms: 4
Bathrooms: 3
Car spaces: 2
Land area: 326m2
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Property Details for 48b South St, Preston

48b South St, Preston is a 4 bedroom, 3 bathroom House with 2 parking spaces. The property has a land size of 326m2.

Building Type
House
Land Size
326m2
Local Government
Darebin
Lot/Plan
PC374611

Last Listing description (June 2026)

Showcasing exceptional space, quality finishes and a thoughtfully designed floorplan, this executive residence delivers an enviable lifestyle in one of Preston's most connected and convenient pockets. Perfectly positioned within walking distance to the Plenty Road tram, local cafs, shopping options and quality schools, with easy access to Preston Market, High Street's vibrant dining precinct, Bell Station and Northland Shopping Centre, every lifestyle amenity is right at your fingertips.

Upon entry, a sophisticated formal lounge sets the tone, flowing effortlessly through to a spacious open-plan living and dining domain designed for both everyday comfort and entertaining. At the heart of the home, the stunning kitchen is appointed with marble benchtops and splashbacks, premium stainless-steel appliances and a dishwasher, combining style with practicality.

A ground-floor bedroom and bathroom provide excellent flexibility for guests, extended family or those working from home. The expansive rear living zone is enhanced by a gas log fireplace and split-system heating and cooling, seamlessly connecting to a covered alfresco area and low-maintenance landscaped courtyard, creating the perfect setting for year-round entertaining.

Upstairs, three generously proportioned bedrooms all feature fitted walk-in robes, while the luxurious main suite enjoys a private balcony and full ensuite. A versatile open study area, central family bathroom complete with freestanding bath, and separate toilet further enhance the home's family-friendly appeal.

Additional features include heating and cooling throughout, polished timber flooring across the lower level, a double remote garage, extensive storage, quality fixtures and fittings, and an overall sense of space and sophistication rarely found in rental properties.

An outstanding opportunity to secure a premium family home in a highly sought-after location where transport, shopping, dining and parklands are all within easy reach.

Property History for 48b South St, Preston, VIC 3072

A timeline of how this property has performed in the market
Listed for Rent
19 Jun 2026
  • 01 Jun 2026
    Listed for Rent $1,200 / week
  • 23 Sep 2021
    Listed for Rent $870 / week
  • 09 Aug 2017
    Listed for Rent $800 / week
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About Preston 3072

The size of Preston is approximately 11.5 square kilometres. There are 30 parks, covering nearly 4.7% of the 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 21,614 properties. Over the last 5 years, Houses in Preston have seen a 2.00% increase in median value, while Units have seen a 7.96% increase. As at 30 June 2026:

  • The median value for Houses in Preston is $1,201,443 while the median value for Units is $647,230.
  • Houses have a median rent of $700 while Units have a median rent of $575.
There are currently 71 properties listed for sale, and 44 properties listed for rent in Preston on OnTheHouse. According to Cotality's data, 910 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.