SOLD
Sold on 21 Dec 2023 for $610,000

3/427-435 Gilbert Road
Preston VIC 3072

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 66m2
Land area: 104m2
Sold By
Nelson Alexander Reservoir
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Property Details for 3/427-435 Gilbert Rd, Preston

3/427-435 Gilbert Rd, Preston is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1965. The property has a land size of 104m2 and floor size of 66m2. While the property is not currently for sale or for rent, it was last sold in December 2023. There are other 2 bedroom Unit sold in Preston in the last 12 months.

Building Type
Unit
Year Built
1965
Floor Size
66m2
Land Size
104m2
Local Government
Darebin
Lot/Plan
3/RP1975

Last Listing description (January 2024)

Achieve a perfect lifestyle balance in this beautifully modernised unit, ideal for first home buyers, downsizers or investors seeking a fresh low-maintenance entry to tightly-held Preston. Local shops and parkland, bustling High Street, trams heading into the CBD - everything you need is right at your doorstep!

Floorboards flow throughout this charming light-filled layout, first opening to the spacious sun-soaked lounge where split system heating and cooling and under floor insulation ensure comfort all year round.

The stunning contemporary kitchen/meals shines with gleaming timber benchtops, pristine tiled splashback and quality appliances including an electric cooktop, electric oven and dishwasher.

Both of the bright generously-sized bedrooms offer built-in robes and ceiling fans, each sharing the stylish central bathroom/laundry with bathtub, large shower, floating vanity and separate WC.

Completing this delightful package is an impressive alfresco deck hidden away privately at the rear, plus a single car space provided nearby for secure off-street parking.

Local shops, cafes and IGA supermarket are right across the road, with mere footsteps to the No. 11 tram for effortless transport down to the city. Local schools and parkland are a stroll away, while it's just minutes over to Preston Station, Preston Market and the endless shopping and dining of High Street.

Further nearby amenities include Edwardes Lake Park, Northland Shopping Centre, La Trobe University, Melbourne Polytechnic (Preston) and easy entry to the Western Ring Road for stress-free commuting.

Property History for 3/427-435 Gilbert Rd, Preston, VIC 3072

A timeline of how this property has performed in the market
Last Sold
$610,000
21 Dec 2023
  • 21 Dec 2023
    Sold for $610,000
  • 22 Nov 2023
    Listed for Sale Under Offer
  • 28 Sep 2016
    Listed for Sale UNDER OFFER
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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 20,796 properties. Over the last 5 years, Houses in Preston have seen a 26.86% increase in median value, while Units have seen a 14.01% increase. As at 31 August 2024:

  • The median value for Houses in Preston is $1,137,706 while the median value for Units is $613,074.
  • Houses have a median rent of $613 while Units have a median rent of $500.
There are currently 72 properties listed for sale, and 43 properties listed for rent in Preston on OnTheHouse. According to CoreLogic's data, 780 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.