5/395-399 Gilbert Rd, Preston is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1970. The property has a land size of 105m2 and floor size of 68m2. While the property is not currently for sale or for rent, it was last sold in August 2018.
Tucked away at the rear in a well-maintained block of only five, this single-level villa is a must-see for first-time buyers and astute investors with its impressive indoor/outdoor space, quality updates and terrific location. Light and bright interior comprises two double bedrooms (both with robes) and updated bathroom, central lounge leading through to the dining area and kitchen with gas cooker. Other features include split-system heating and cooling, internal laundry facilities, plus a private rear courtyard and off-street parking space (both on title), as well as a second courtyard (large and north-facing) under licence agreement. City-bound trams at your doorstep, it also offers quick and easy access to Preston Station, High Street cafes, shops and supermarkets, Preston Market and Melbourne Polytechnic.
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:
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