498 Murray RoadPreston VIC 3072
Property Details for 498 Murray Rd, Preston
498 Murray Rd, Preston is a 0 bedroom, 0 bathroom House with 4 parking spaces. The property has a land size of 223m2 and floor size of 140m2. While the property is not currently for sale or for rent, it was last sold in October 2025. There are other 0 bedroom House sold in Preston in the last 12 months.
Last Listing description (June 2020)
A fantastic opportunity to secure this corner site with main road exposure in the heart of Preston within close proximity to Preston train station, local shops, cafes', public transport and within minutes to the CBD.andbull; Office/Workshop with side road access.andbull; Potential development or business use STCAandbull; Total land area 222 square meters approx.andbull; Rear access andbull; Vacant PossessionIf you are looking for a high-profile location for business or wanting to expand your investment portfolio with the potential to re-develop STCA this site should not be overlooked. A highly visible central Preston location will help you take your business to the next level. It is time to step up in style.
Property History for 498 Murray Rd, Preston, VIC 3072
- 08 Oct 2025Sold for $600,000
- 12 Mar 2020Sold for $695,000
- 10 Feb 2020Listed for Sale Auction
Recent sales nearby
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0About 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 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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