71 Wallace StreetPreston VIC 3072
Property Details for 71 Wallace St, Preston
71 Wallace St, Preston is a 2 bedroom, 1 bathroom House. The property has a land size of 276m2. While the property is not currently for sale or for rent, it was last sold in October 2025. There are other 2 bedroom House sold in Preston in the last 12 months.
Last Listing description (October 2025)
Behind its picture-perfect weatherboard facade, this charming two-bedroom period home offers the perfect balance of character and modern comfort in a highly sought-after Preston pocket. Beautifully presented and full of warmth, the home immediately impresses with its classic appeal, featuring high ceilings, polished timber floors, and timeless period details that make it feel instantly inviting.
The generous living room forms the heart of the home, a comfortable space to relax or entertain, flowing through to a spacious central kitchen. Well-appointed with stainless steel appliances, ample storage, and plenty of bench space, the kitchen is complemented by an adjoining dining zone, creating an easy flow for family meals and day-to-day living. At the rear, a covered outdoor area extends the living space, overlooking a private garden, perfect for outdoor entertaining, weekend barbecues, or simply enjoying the sunshine.
Both bedrooms are generously proportioned, each filled with natural light and complemented by convenient storage options. A central bathroom and laundry add to the practicality of the floorplan, ensuring comfort and convenience are well catered for.
Perfectly located, 71 Wallace Street is all about lifestyle. Enjoy easy access to Bell & Preston Station, the No. 11 tram, and the vibrant cafés along Gilbert Road, as well as the iconic Preston Market and the bustling High Street dining precinct. Northland Shopping Centre is also only a short drive away, ensuring shopping and entertainment are always close at hand. Families will appreciate the nearby local parks, along with zoning for the ever-popular Bell Primary School and Preston High School.
Property History for 71 Wallace St, Preston, VIC 3072
- 11 Oct 2025Sold for $1,185,000
- 16 Sep 2025Listed for Sale AUCTION $990,000 - $1,085,000
- 28 Jul 2020Sold for $904,999
Recent sales nearby
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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.
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