51B Wallace Street, Preston, VIC 3072 | Property Value & History | OnTheHouse
OFF MARKET

51B Wallace Street
Preston VIC 3072

Bedrooms: 3
Bathrooms: 1
Car spaces: 2
Floor area: 185m2
Land area: 276m2
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Property Details for 51b Wallace St, Preston

51b Wallace St, Preston is a 3 bedroom, 1 bathroom House with 2 parking spaces and was built in 2003. The property has a land size of 276m2 and floor size of 185m2. While the property is not currently for sale or for rent, it was last sold in May 2023.

Building Type
House
Year Built
2003
Floor Size
185m2
Land Size
276m2
Local Government
Darebin
Lot/Plan
2/PS426826

Last Listing description (August 2023)

In a prominent Preston neighbourhood, this spectacular modern residence offers an executive environment of beauty and luxury. Highlights include versatile floorplans, quality facilities, and cutting-edge architecture.

This contemporary residence is a showcase of considered design, space and smart functionality located in the heart of thriving Preston West. The accommodating floorplan not only promotes ease of movement but takes advantage of natural light and space over two levels, with an airy, open plan living and dining framed by a private entertainer's courtyard. Discover a modern kitchen with stainless steel appliances and loads of bench and storage space, three generously proportioned bedrooms with BIRs including a breath-taking city view, a study area, and a spacious and sleek guest powder room. Additional features include the Brivis evaporative cooling and ducted heating throughout, a full-size laundry, and decent lighting are further remarkable features.

Positioned in a quiet, peaceful pocket of Preston West with its inner-city vibe. The house is moments to High Street cafes, Bell/Preston train station and Preston Market, awarded Preston West Primary School. Offering all the benefits of modern living without any sacrifice on space, style or location. Surely impressive!

Property History for 51b Wallace St, Preston, VIC 3072

A timeline of how this property has performed in the market
Last Sold
$1,211,237
09 May 2023
Listed for Rent
$690/w
06 May 2022
  • 09 May 2023
    Sold for $1,211,237
  • 24 Jan 2023
    Listed for Sale $1,211,237
  • 20 Apr 2022
    Listed for Rent $690 / 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 21,613 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:

  • The median value for Houses in Preston is $1,228,630 while the median value for Units is $652,709.
  • Houses have a median rent of $695 while Units have a median rent of $550.
There are currently 67 properties listed for sale, and 41 properties listed for rent in Preston on OnTheHouse. According to Cotality's data, 948 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.