OFF MARKET

47 Albert Street
Preston VIC 3072

Bedrooms: 3
Bathrooms: 1
Car spaces: 1
Floor area: 109m2
Land area: 527m2
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Last updated 16 Dec 2024
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Property Details for 47 Albert St, Preston

47 Albert St, Preston is a 3 bedroom, 1 bathroom House with 1 parking spaces and was built in 1950. The property has a land size of 527m2 and floor size of 109m2. While the property is not currently for sale or for rent, it was last sold in November 2021.

Building Type
House
Year Built
1950
Floor Size
109m2
Land Size
527m2
Local Government
Darebin
Lot/Plan
1/TP852440

Last Listing description (June 2024)

This property boasts a generous 527sqm corner allotment, offering a multitude of possibilities. Currently leased out on a monthly basis at $420 per week, this 3-bedroom home with a spacious backyard provides a steady income stream. You have the flexibility to retain the existing home while developing the rear yard or embark on a redevelopment project (subject to council approval), making it an ideal investment opportunity with endless potential.

Conveniently located just moments away from a diverse range of amenities, including Bell Street, Northland Shopping Centre, entertainment centres, HLT Oulton Reserve, and the Plenty Road Tram, residents will enjoy easy access to everything Preston has to offer.

Featuring 3 large bedrooms, a spacious lounge, and a kitchen/meals area, this home is perfectly suited for immediate rental income, lease out while obtaining permits for development, or renovate and extend to create your dream home in the heart of it all.

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Property History for 47 Albert St, Preston, VIC 3072

A timeline of how this property has performed in the market
Last Sold
$925,000
13 Nov 2021
Listed for Rent
07 Jun 2024
  • 23 May 2024
    Listed for Rent $460 / week
  • 12 Feb 2024
    Listed for Sale Under Offer
  • 06 Jan 2022
    Listed for Rent - Price not available
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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 21,005 properties. Over the last 5 years, Houses in Preston have seen a 16.22% increase in median value, while Units have seen a 10.13% increase. As at 30 November 2024:

  • The median value for Houses in Preston is $1,135,746 while the median value for Units is $616,510.
  • Houses have a median rent of $600 while Units have a median rent of $520.
There are currently 65 properties listed for sale, and 39 properties listed for rent in Preston on OnTheHouse. According to CoreLogic's data, 772 properties were sold in the past 12 months in Preston.

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