523 Gilbert Road, Preston, VIC 3072 | Property Value & History | OnTheHouse
OFF MARKET

523 Gilbert Road
Preston VIC 3072

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Floor area: 188m2
Land area: 668m2
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Property Details for 523 Gilbert Rd, Preston

523 Gilbert Rd, Preston is a 2 bedroom, 2 bathroom House with 1 parking spaces and was built in 1930. The property has a land size of 668m2 and floor size of 188m2. While the property is not currently for sale or for rent, it was last sold in March 2018.

Building Type
House
Year Built
1930
Floor Size
188m2
Land Size
668m2
Local Government
Darebin
Lot/Plan
133/LP7755

Last Listing description (March 2018)

Cherished by the local community, with over 90 years of diverse history, The West Preston Progress Hall (WPPH) is now one of the most unique properties in West Preston. Beyond its modernist brick-veneer facade, the exterior building on this significant block (Land approx 14.6m x 45.7m - 668sqm) has been re-stylised and brought into the 21st century to offer a 160sqm home. Character-filled and captivating, this three-bedroom warehouse style conversion balances its origins and heritage status with contemporary functionality and flair to provide that wow factor. Original brick and timber features converge with modern fittings, highlighting its remarkable dimensions throughout. An 80sqm sun-filled open plan living, dining zone and entertainer's kitchen island welcome guests with astounding space in the comfort of split, reverse cycle air-conditioning. And as the winter draws in, a wood burner provides additional comfort and amenity via high output space heating, enhanced by high density thermal and sound insulation in walls and ceiling. Three bedrooms, with walk-in robe and ensuite in the Master bedroom, a study and a second bathroom complete this incredible residence. Adding to this unique offering, the building at the back of the block is the original hall from 1930, previously used as a nursery, cinema, motorbike and Italian community centre. Featuring its very own stage and dance floor with a total area of 150sqm, all below an outstanding solid beam roof structure, the potential for this space is unlimited. Further to the back of the property, you will find additional toilets, storage and a kitchenette. The residential zone schedule 2 and commercial use will enable you to make the most of this incredible property, from a full residential conversion (STCA) to the set-up of your business or your community hub / activities. Access to the property is via north and south, full length alleys, including a rear courtyard and ROW access. Trams out front and walking distance to Regent Village cafes, Coburg Hill Shopping Center and Coburg Olympic Swimming Pool. It's also close to local parks (on the door step of Larkins Reserve), kindergartens and primary schools, easy access to Preston and Coburg Train Stations, High Street shops and the renowned Preston Market. No real estate agents please. For more information contact via phone or via email. Photo ID required at all openings. Access to property at the discretion of owner. Phone enquiry code for this property:4888

Property History for 523 Gilbert Rd, Preston, VIC 3072

A timeline of how this property has performed in the market
Last Sold
$1,350,000
13 Mar 2018
  • 13 Mar 2018
    Sold for $1,350,000
  • 15 Feb 2018
    Listed for Sale $1,275,000
  • 11 Sep 2017
    Listed for Sale $1,200,000
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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 21,596 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:

  • The median value for Houses in Preston is $1,220,339 while the median value for Units is $635,220.
  • Houses have a median rent of $620 while Units have a median rent of $550.
There are currently 64 properties listed for sale, and 37 properties listed for rent in Preston on OnTheHouse. According to Cotality's data, 947 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.