SOLD
Sold on 27 Jun 2024 for $760,000

5/65 Newcastle Street
Preston VIC 3072

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 82m2
Land area: 247m2
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Property Details for 5/65 Newcastle St, Preston

5/65 Newcastle St, Preston is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1975. The property has a land size of 247m2 and floor size of 82m2. While the property is not currently for sale or for rent, it was last sold in June 2024. There are other 2 bedroom Unit sold in Preston in the last 12 months.

Building Type
Unit
Year Built
1975
Floor Size
82m2
Land Size
247m2
Local Government
Darebin
Lot/Plan
5/PS402965

Last Listing description (July 2024)

Stylish, low-maintenance living in lifestyle locale

Maximizing the potential of a corner allotment, this single-storey unit offers a blend of convenience and comfort, boasting a private rear courtyard and a spacious, fenced front yard accessible via an automatic roller gate.

Inside, the property showcases impressive design features including polished timber floors, plantation shutters, and neutral-toned walls, creating a bright and inviting atmosphere throughout. The accommodation comprises two bedrooms, each equipped with built-in robes, and a modernized bathroom adorned with floor-to-ceiling tiles and a luxurious walk-in rain head shower.

The heart of the home is the expansive lounge dining area, seamlessly connected to a contemporary kitchen boasting sleek gloss-finished, soft-close cabinetry, stainless steel appliances (including a microwave and drawer dishwasher), and ample bench space for culinary enthusiasts.

Located south of Bell Street and benefiting from sought-after zoning to Preston South Primary and Preston High, residents will appreciate the convenience of nearby amenities such as public transportation, local cafes, Cochrane Reserve, and the vibrant retail and dining options along High Street and Plenty Road. The property also enjoys easy access to the 86 tram and Bell Station for seamless commuting. For added convenience, iconic destinations like the Preston Market and Northland Shopping Centre are just a short drive, train, or bus ride away.

Additional highlights of this residence include ducted refrigerated climate control, ducted vacuum system, a garage with automatic door, extra gated parking, and a second toilet, making it an ideal choice for downsizers, first home buyers, and savvy investors alike.

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Property History for 5/65 Newcastle St, Preston, VIC 3072

A timeline of how this property has performed in the market
Last Sold
$760,000
27 Jun 2024
Listed for Rent
18 Aug 2021
  • 27 Jun 2024
    Sold for $760,000
  • 29 May 2024
    Listed for Sale Under Offer
  • 29 Jul 2022
    Sold for $720,000
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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 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 20,729 properties. Over the last 5 years, Houses in Preston have seen a 26.50% increase in median value, while Units have seen a 14.21% increase. As at 30 September 2024:

  • The median value for Houses in Preston is $1,146,812 while the median value for Units is $603,028.
  • Houses have a median rent of $600 while Units have a median rent of $510.
There are currently 73 properties listed for sale, and 44 properties listed for rent in Preston on OnTheHouse. According to CoreLogic's data, 784 properties were sold in the past 12 months in Preston.

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