OFF MARKET

1/501 Murray Road
Preston VIC 3072

Bedrooms: 3
Bathrooms: 1
Car spaces: -
Floor area: 122m2
Land area: 334m2
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Last updated 2 Sep 2024
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Property Details for 1/501 Murray Rd, Preston

1/501 Murray Rd, Preston is a 3 bedroom, 1 bathroom Unit and was built in 1930. The property has a land size of 334m2 and floor size of 122m2. While the property is not currently for sale or for rent, it was last sold in December 2021.

Building Type
Unit
Year Built
1930
Floor Size
122m2
Land Size
334m2
Local Government
Darebin
Lot/Plan
1/PS715214

Last Listing description (November 2022)

Secure yourself a fabulous location and build on the appeal of this classic three bedroom period home. Boasting enviable access to Merri Creek trails, schools, Gilbert and Sydney Road trams, buses, Preston Market and Sydney Road shopping, the location alone puts forward thinking buyers in a premier position less than 9km to the CBD. Presenting lofty ceilings, panelled glass windows and Baltic Pine floors this immediately comfortable home comprises free-flowing lounge and dining with an open fireplace, serviceable kitchen with gas cooking and low-maintenance rear gardens incorporating a secure carport offering an all-weather entertaining space. With a spacious bathroom and heating/cooling, this elegant home primed for modern update/extension (STCA), promises lifestyle excellence near transport, parklands and schools.

Property History for 1/501 Murray Rd, Preston, VIC 3072

A timeline of how this property has performed in the market
Last Sold
$775,000
13 Dec 2021
  • 13 Dec 2021
    Sold for $775,000
  • 03 Nov 2021
    Listed for Sale $775,000
  • 29 Dec 2020
    Transferred

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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 20,792 properties. Over the last 5 years, Houses in Preston have seen a 32.89% increase in median value, while Units have seen a 14.94% increase. As at 31 July 2024:

  • The median value for Houses in Preston is $1,168,519 while the median value for Units is $604,072.
  • Houses have a median rent of $615 while Units have a median rent of $500.
There are currently 70 properties listed for sale, and 46 properties listed for rent in Preston on OnTheHouse. According to CoreLogic's data, 785 properties were sold in the past 12 months in Preston.

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