OFF MARKET

24 Nichol Street
Preston VIC 3072

Bedrooms: 3
Bathrooms: 2
Car spaces: 2
Floor area: 139m2
Land area: 650m2
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Property Details for 24 Nichol St, Preston

24 Nichol St, Preston is a 3 bedroom, 2 bathroom House with 2 parking spaces and was built in 1950. The property has a land size of 650m2 and floor size of 139m2. While the property is not currently for sale or for rent, it was last sold in February 2022.

Building Type
House
Year Built
1950
Floor Size
139m2
Land Size
650m2
Local Government
Darebin
Lot/Plan
26/LP8717

Last Listing description (February 2022)

Sold At Auction Under The Hammer In Excess Of $1,300,000 By Matthew Zagami 0414 751 998

Nestled in a quiet pocket of Preston, is a fantastic west facing art deco/brick veneer property that boasts all the local amenities including the potential to develop. Sitting on approximately 646sqm land approximately, secure yourself the perfect home in a highly sought-after location.

What this property has on offer:

-Quiet location
-3 Bedrooms
-2 Bathrooms
-Plenty of car accommodate plus off-street parking
-Ducted heating
-Split system cooling & heating
-Development potential (renovate existing or townhouses)

Local amenities that are on offer:
-Preston train station (1km)
-Tram 86 (walking distance)
-Multiple bus stops
-Reputable primary & secondary school
-Selection of restaurants & cafes
-Preston Market

This is an opportunity you do not want to miss!
Rental return: $500 - $520 Per Week.

Property History for 24 Nichol St, Preston, VIC 3072

A timeline of how this property has performed in the market
Last Sold
$1,315,000
12 Feb 2022
  • 12 Feb 2022
    Sold for $1,315,000
  • 12 Nov 2021
    Listed for Sale AUCTION THIS SATURDAY AT 3:00PM
  • 19 Nov 2010
    Listed for Sale CONTACT AGENT
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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.
There are currently 76 properties listed for sale, and 45 properties listed for rent in Preston on OnTheHouse. According to CoreLogic's data, 769 properties were sold in the past 12 months in Preston.

Suburb Insights for Preston 3072

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.