5/591-593 Gilbert Road, Preston, VIC 3072 | Property Value & History | OnTheHouse
 
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5/591-593 Gilbert Road
Preston VIC 3072

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 71m2
Land area: 508m2
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Property Details for 5/591-593 Gilbert Rd, Preston

5/591-593 Gilbert Rd, Preston is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2011. The property has a land size of 508m2 and floor size of 71m2. While the property is not currently for sale or for rent, it was last sold in December 2023.

Building Type
Unit
Year Built
2011
Floor Size
71m2
Land Size
508m2
Local Government
Darebin
Lot/Plan
5/PS700638

Last Listing description (April 2024)

Embrace life in the heart of West Preston with this 2 bedroom apartment delivering low maintenance comfort and everything you need at your door. Characterised by modern simplicity and functional ease, highly suitable for both first home entrants and savvy investors.

Boasting open plan living extending through to a private balcony and wonderfully serviced by a stylish kitchen with Bellini appliances. There are 2 robed bedrooms featuring skylights and vaulted ceilings, a shared bathroom and a concealed euro laundry. Highlights include a Proma inverter, a water tank, intercom and secure entry plus a car space.

Beautifully located opposite JS Grey Reserve, walking distance to Gilbert Road trams, cafes and shops, and footsteps from surrounding schools. Situated just moments from bustling Preston Market and High Street precinct with easy access to Preston Station.

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Property History for 5/591-593 Gilbert Rd, Preston, VIC 3072

A timeline of how this property has performed in the market
Last Sold
$400,000
11 Dec 2023
Listed for Rent
$400/w
14 Mar 2023
  • 11 Dec 2023
    Sold for $400,000
  • 24 Oct 2023
    Listed for Sale $400,000
  • 24 May 2023
    Listed for Sale $385,000 - $415,000
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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 2016 was 32851 people. By 2021 the population was 33790 showing a population growth of 2.9% 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 2021, 57.30% of the homes in Preston were owner-occupied compared with 56.70% in 2016.

Preston has 21,595 properties. Over the last 5 years, Houses in Preston have seen a 15.62% increase in median value, while Units have seen a 12.69% increase. As at 30 November 2025:

  • The median value for Houses in Preston is $1,220,339 while the median value for Units is $635,220.
  • Houses have a median rent of $620 while Units have a median rent of $550.
There are currently 64 properties listed for sale, and 39 properties listed for rent in Preston on OnTheHouse. According to Cotality's data, 940 properties were sold in the past 12 months in Preston.

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© Copyright 2025. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

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