FOR SALE
$1,395,000

102 Murray Road
Preston VIC 3072

Bedrooms: 6
Bathrooms: 4
Car spaces: 4
Land area: 711m2
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Live and Invest

A rare opportunity to purchase this larger than most brick veneer residence with "Art Deco" features, set on this substantial corner allotment and offering excellent size accommodation with many improvements over the years that's sure to make a great family home.
The choice is yours, live in the existing four-bedroom home and receive a rental income from the two rear self-contained brick units.
Situated close to all amenities including public transport, Northland Shopping, schools, parklands (etc.).
Current rental income $63,348 per annum with month-to-month tenancies.
Land - 711m2 approx. (Lane access from rear).
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Property Details for 102 Murray Rd, Preston

102 Murray Rd, Preston is a 6 bedroom, 4 bathroom House with 4 parking spaces. The property has a land size of 711m2. The place is currently for sale with Barry Plant - Reservoir.

Building Type
House
Land Size
711m2

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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 2011 was 29,925 people. By 2016 the population was 32,865 showing a population growth of 9.8% 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 2011, 60.2% of the homes in Preston were owner-occupied compared with 56.7% in 2016.

Preston has 20,870 properties. Over the last 5 years, Houses in Preston have seen a 16.39% increase in median value, while Units have seen a 15.51% increase. As at 31 October 2024:

  • The median value for Houses in Preston is $1,128,822 while the median value for Units is $619,019.
  • Houses have a median rent of $600 while Units have a median rent of $520.
There are currently 77 properties listed for sale, and 44 properties listed for rent in Preston on OnTheHouse. According to CoreLogic's data, 766 properties were sold in the past 12 months in Preston.

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Harry Kontossis
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Barry Plant - Reservoir
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