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

71 Wallace Street
Preston VIC 3072

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 104m2
Land area: 285m2
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Property Details for 71 Wallace St, Preston

71 Wallace St, Preston is a 2 bedroom, 1 bathroom House with 1 parking spaces and was built in 1900. The property has a land size of 285m2 and floor size of 104m2. While the property is not currently for sale or for rent, it was last sold in October 2025.

Building Type
House
Year Built
1900
Floor Size
104m2
Land Size
285m2
Local Government
Darebin
Lot/Plan
1/TP237173

Last Listing description (October 2026)

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 cafs 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

A timeline of how this property has performed in the market
Last Sold
$1,185,000
11 Oct 2025
Listed for Rent
$450/w
04 Feb 2020
  • 18 Sep 2026
    Listed for Rent $500 / week
  • 11 Oct 2025
    Sold for $1,185,000
  • 16 Sep 2025
    Listed for Sale AUCTION $990,000 - $1,085,000
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About Preston 3072

The size of Preston is approximately 11.5 square kilometres. There are 30 parks, covering nearly 4.7% of the 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 21,895 properties. Over the last 5 years, Houses in Preston have seen a -8.66% decrease in median value, while Units have seen a 3.80% increase. As at 30 September 2026:

  • The median value for Houses in Preston is $1,148,190 while the median value for Units is $637,633.
  • Houses have a median rent of $700 while Units have a median rent of $600.
There are currently 91 properties listed for sale, and 46 properties listed for rent in Preston on OnTheHouse. According to Cotality's data, 826 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.