5/427-435 Gilbert Road, Preston, VIC 3072 sold on 24 July 2025 | OnTheHouse
SOLD
Sold on 24 Jul 2025 for $681,000

5/427-435 Gilbert Road
Preston VIC 3072

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
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Property Details for 5/427-435 Gilbert Rd, Preston

5/427-435 Gilbert Rd, Preston is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1965. While the property is not currently for sale or for rent, it was last sold in July 2025. There are other 2 bedroom Unit sold in Preston in the last 12 months.

Building Type
Unit
Year Built
1965
Local Government
Darebin
Lot/Plan
5/RP1975

Last Listing description (October 2024)

Bright, stylish & perfectly positioned

Freshly updated with modern flair, this sun-soaked unit is a perfect opportunity to nest or invest in the popular Preston lifestyle. Live, dine and entertain in light-filled comfort, securely nestled at the rear of a quiet complex with city trams at your doorstep and buzzing High Street mere moments away!Stylish flooring shines throughout this immaculate interior, first flowing through the spacious north-facing lounge with split system heating and cooling. Enjoy meals in the sunlit dining zone, smartly serviced by the sparkling kitchen with timber benchtop, tiled splashback and high-end appliances including electric oven, induction cooktop and dishwasher. Entertain guests on the wide alfresco deck enclosed privately at the rear of the unit perfect for hosting friends and family for a BBQ on the weekend!Both light-filled bedrooms feature built-in robes and ceiling fans, each sharing the stunning central bathroom with floor-to-ceiling tiles, underfloor heating, heated towel rail, large shower, double vanity and internal laundry facilities. Further highlights of this modern gem include the energy efficient heat pump hot water service, rooftop solar panels and a single carport provided just outside your door.IGA Xpress is right across the road for instant access to your shopping needs, or its an easy stroll to local shops and cafs throughout this peaceful pocket. Hop on the No. 11 tram for easy travel into the city via Fitzroy, or head over to Preston Station alongside Woolworths, ALDI and beloved Preston Market.Enjoy a balanced lifestyle with tranquil parkland and trusted schools nearby, or all the excitement of High Streets endless restaurants, cafs, bars, clubs and so much more! Travel easily to Edwardes Lake Park, Melbourne Polytechnic (Preston), La Trobe University, Northland Shopping Centre and major arterials.

Property History for 5/427-435 Gilbert Rd, Preston, VIC 3072

A timeline of how this property has performed in the market
Last Sold
$681,000
24 Jul 2025
  • 09 Sep 2024
    Listed for Sale Auction $585,000 - $640,000
  • 17 Oct 2023
    Sold for $530,000
  • 22 Aug 2023
    Listed for Sale $560,000
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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 21,626 properties. Over the last 5 years, Houses in Preston have seen a 19.31% increase in median value, while Units have seen a 14.23% increase. As at 31 January 2026:

  • The median value for Houses in Preston is $1,255,002 while the median value for Units is $638,635.
  • Houses have a median rent of $640 while Units have a median rent of $550.
There are currently 67 properties listed for sale, and 47 properties listed for rent in Preston on OnTheHouse. According to Cotality's data, 963 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.