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Sold on 20 Dec 2024 for $857,500

4/559-563 Gilbert Road
Preston VIC 3072

Bedrooms: 3
Bathrooms: 2
Car spaces: 2
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Property Details for 4/559-563 Gilbert Rd, Preston

4/559-563 Gilbert Rd, Preston is a 3 bedroom, 2 bathroom Townhouse with 2 parking spaces. While the property is not currently for sale or for rent, it was last sold in December 2024. There are other 3 bedroom Townhouse sold in Preston in the last 12 months.

Building Type
Townhouse

Last Listing description (December 2024)

SOLD BY Morrison Kleeman - Perfectly positioned for exceptional daily convenience, this well-appointed, well-presented, low-maintenance, lock-and-leave home is tailor-made for a busy lifestyle.

With Grey Reserve, cafes and takeaways, and the Gilbert Road Tram at your doorstep, Regent Station is within an easy walk and the iconic Preston Market is just minutes away. Whether you are seeking a superb base for yourself or something to rent out, this is an opportunity you do not want to miss.

The light filled ground floor introduces an expansive open plan living area that integrates a stone finished stainless-steel equipped kitchen and opens to a private rear courtyard large enough for lounging, dining and cooking, it's ideal for relaxed summer enjoyment.

The first floor offers three bedrooms. The spacious main includes a walk-in robe and a full ensuite (bath, shower and dual basins). The remaining two share a family bathroom, with all three enjoying balconies!

Extras include ample storage, a wine rack in the kitchen, split system units, ducted heating, a guest powder room, easy-care flooring in the living area, and parking on the title.

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Property History for 4/559-563 Gilbert Rd, Preston, VIC 3072

A timeline of how this property has performed in the market
Last Sold
$857,500
20 Dec 2024
Listed for Rent
$495/w
11 Jul 2022
  • 20 Dec 2024
    Sold for $857,500
  • 15 Oct 2024
    Listed for Sale ESR: $825,000 - $865,000
  • 28 Apr 2022
    Listed for Rent $495 / 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 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 21,080 properties. Over the last 5 years, Houses in Preston have seen a 7.43% increase in median value, while Units have seen a 10.45% increase. As at 28 February 2025:

  • The median value for Houses in Preston is $1,123,224 while the median value for Units is $601,564.
  • Houses have a median rent of $600 while Units have a median rent of $540.
There are currently 75 properties listed for sale, and 50 properties listed for rent in Preston on OnTheHouse. According to CoreLogic's data, 794 properties were sold in the past 12 months in Preston.

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