1 Eric StreetPreston VIC 3072
Property Details for 1 Eric St, Preston
1 Eric St, Preston is a 4 bedroom, 2 bathroom House with 1 parking spaces and was built in 2024. The property has a land size of 436m2 and floor size of 317m2. While the property is not currently for sale or for rent, it was last sold in February 2023.
Last Listing description (May 2023)
Occupying a prized address and ready for a transformational make over, this modest 3 bedroom, 1 bathroom home offers buyers an exciting opportunity to renovate or redevelop (STCA). Straddled by Merri Creek parklands and placed within easy strolling distance to shops, schools and public transport, an investment here will deliver solid growth, confidently propelled by market demands and prime locality.
Currently presented as a sweet weatherboard comprising a formal lounge, a large central kitchen with meals, 3 good sized bedrooms, a shared bathroom, separate laundry and water closet. Featuring decorative cornices, picture rails, heating, a tool shed and rear access to a lock up garage.
Convenience and lifestyle are major selling points of 1 Eric Street, boasting walking distance to Coburg Hill Shopping Centre, Gilbert Road trams, Merri Creek parklands, St. Raphaels Primary and Newlands Primary. Enjoying proximity to Coburg High School, Preston Station, Preston Market, vibrant High Street strip and the comprehensive offering of Northland Shopping Centre.
Property History for 1 Eric St, Preston, VIC 3072
- 04 Feb 2023Sold for $817,000
- 09 Jan 2023Listed for Sale Not Disclosed
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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 20,867 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.
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