5/241 Gower Street, Preston, VIC 3072 sold on 29 October 2025 | OnTheHouse
 
SOLD
Sold on 29 Oct 2025 for $4,000,000

5/241 Gower Street
Preston VIC 3072

Bedrooms: 3
Bathrooms: 1
Car spaces: 1
Floor area: 55m2
Land area: 874m2
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Property Details for 5/241 Gower St, Preston

5/241 Gower St, Preston is a 3 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1960. The property has a land size of 874m2 and floor size of 55m2. While the property is not currently for sale or for rent, it was last sold in October 2025. There are other 3 bedroom Unit sold in Preston in the last 12 months.

Building Type
Unit
Year Built
1960
Floor Size
55m2
Land Size
874m2
Local Government
Darebin
Lot/Plan
5/PS521847

Last Listing description (January 2023)

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One Bedroom unit in the heart of Preston, includes kitchen/meals with separate lounge room and one very spacious bedroom. Off street parking. Close to all shops and transport and only minutes away from Preston Market and High Street shops. All gas facilities. This unit has been re painted throughout, new blinds installed and new timber flooring installed.

*Please note inspections may be cancelled up to 24 hours prior, we recommend calling 9480 2288 to confirm inspections on the day

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Property History for 5/241 Gower St, Preston, VIC 3072

A timeline of how this property has performed in the market
Last Sold
$4,000,000
29 Oct 2025
Listed for Rent
$270/w
11 Jan 2023
  • 29 Oct 2025
    Sold for $4,000,000
  • 02 Jan 2020
    Listed for Rent $270 / 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 21,596 properties. Over the last 5 years, Houses in Preston have seen a 16.08% increase in median value, while Units have seen a 10.01% increase. As at 28 February 2026:

  • The median value for Houses in Preston is $1,251,239 while the median value for Units is $636,892.
  • Houses have a median rent of $650 while Units have a median rent of $550.
There are currently 67 properties listed for sale, and 48 properties listed for rent in Preston on OnTheHouse. According to Cotality's data, 950 properties were sold in the past 12 months in Preston.

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© Copyright 2026. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

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