5/23 Bailey Avenue, Preston, VIC 3072 | Property Value & History | OnTheHouse
OFF MARKET

5/23 Bailey Avenue
Preston VIC 3072

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 79m2
Land area: 139m2
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Last updated 19 Jan 2026
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Property Details for 5/23 Bailey Ave, Preston

5/23 Bailey Ave, Preston is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2019. The property has a land size of 139m2 and floor size of 79m2.

Building Type
Unit
Year Built
2019
Floor Size
79m2
Land Size
139m2
Local Government
Darebin
Lot/Plan
5/PS827908

Last Listing description (October 2023)

In a leafy streetscape just north of Thornburys border, this unit delivers an environment of style and sophistication with its designer interior, private surrounds and close proximity to everything that counts. Beautifully appointed, the unit showcases 2 bedrooms (all with fitted robes), split systems, central bathroom, light-filled open living/dining area, courtyard, and handy storage shed. Add to this a gourmet stone-bench kitchen, tiled splashbacks, stainless steel cooking appliances, dishwasher, European laundry and remote-controlled garage. Walking distance to Plenty Road trams and a choice of bus routes, South Preston Shopping Centre, local parks and Penders Grove Primary School, easy access to High Street cafes and Thornbury Station.

Property History for 5/23 Bailey Ave, Preston, VIC 3072

A timeline of how this property has performed in the market
Listed for Rent
$500/w
19 Oct 2023
  • 11 Oct 2023
    Listed for Rent $500 / week
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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 21,601 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.
There are currently 62 properties listed for sale, and 54 properties listed for rent in Preston on OnTheHouse. According to Cotality's data, 929 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.