SOLD
Sold on 01 Jun 2024 for $1,100,000

57 Madeline Street
Preston VIC 3072

Bedrooms: 3
Bathrooms: 1
Car spaces: 2
Floor area: 131m2
Land area: 557m2
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Property Details for 57 Madeline St, Preston

57 Madeline St, Preston is a 3 bedroom, 1 bathroom House with 2 parking spaces and was built in 1950. The property has a land size of 557m2 and floor size of 131m2. While the property is not currently for sale or for rent, it was last sold in June 2024. There are other 3 bedroom House sold in Preston in the last 12 months.

Building Type
House
Year Built
1950
Floor Size
131m2
Land Size
557m2
Local Government
Darebin
Lot/Plan
236/LP7203

Last Listing description (June 2024)

This enchanting clinker brick home is nestled in a quiet and leafy street within a highly-sought after Preston pocket and offers a perfect blend of character, comfort, and potential. Whether you're looking for a cozy residence to settle into now or seeking a canvas to unleash your renovation dreams in the future, this property has it all.
Comprising three bedrooms served by a central bathroom, separate living and dining overlooks the sunroom which leads to a generous sized kitchen with informal meals area. Step outside and discover your own private oasis with its perfect setting for dining, gardening or simply soaking up the sunshine.

Offering year-round comfort of ducted heating and cooling and further extras include a gated carport, garage, workshop, and storeroom.

In a superb location around the corner from the bus and Eat Cannoli Cafe, a short stroll from the tram on Plenty Road and Ruthven Reserve and an easy walk to the Preston's vibrant shops and eateries, the generous proportions provide the perfect foundation for a simple refurbishment or an inspired renovation and extension (STCA). Alternatively, the substantial dimensions may entice buyers to explore options for re-development (STCA). Whatever your vision, this is a rare opportunity you don't want to miss.

Property History for 57 Madeline St, Preston, VIC 3072

A timeline of how this property has performed in the market
Last Sold
$1,100,000
01 Jun 2024
Listed for Rent
$500/w
12 Feb 2020
  • 01 Jun 2024
    Sold for $1,100,000
  • 08 May 2024
    Listed for Sale Auction $1,000,000 - $1,100,000
  • 23 Jan 2020
    Listed for Rent $500 / week
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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 20,868 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, 766 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.