5/427-431 Murray Rd, Preston is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1980. The property has a land size of 159m2 and floor size of 89m2. While the property is not currently for sale or for rent, it was last sold in June 2022.
Tucked away at the rear, this sensational villa delivers a lifestyle of easy-living excellence with its open floorplan, impressive renovations throughout and close proximity to the area's key amenities. Filled with natural light, the home's warm and welcoming interior comprises two generous bedrooms (extra-large master) with built-in robes complemented by a deluxe modern bathroom with frameless shower, floor-to-ceiling tiles, and separate WC. Adding to the appeal is a spacious open-plan living/dining area adjoined by a contemporary kitchen complete with dishwasher, new stainless steel cooking appliances and ample storage space. Other stand-out features of this one-of-a-kind villa include split-system heating and cooling, solid hardwood floors, double blinds all-round and a full-size laundry. Double doors from the living area reveal a fabulous north-facing front outdoor entertaining area ideal for relaxing, plus a second courtyard to the rear with high fences for exceptional privacy, handy sideway storage shed and access into the lock-up garage. Local buses and Gilbert Road trams around the corner, it's also close to Merri Creek trails and parkland, popular schools (Preston West PS & Coburg HS), and the convenience of Coburg Hill Shopping Centre, as well as easy access to Preston Market and the new Preston Station.
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 21,618 properties. Over the last 5 years, Houses in Preston have seen a 8.24% increase in median value, while Units have seen a 11.16% increase. As at 31 March 2026:
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