Back 1/22-24 Hotham Street
Off Market

1/22-24 Hotham Street

Preston VIC 3072

2
1
1
Unit
Last sold for $690,000
Alex CedeñoAlex Cedeño, last sold this property on 10 October 2025 after 23 days on market.

Overview

The Smart Buy: First Home or Investment in Prime Preston

Beautifully refreshed and move-in ready, this light-filled 2-bedroom unit offers comfort, security and an unbeatable lifestyle in one of Melbourne's most connected locations. Freshly painted and featuring brand-new carpets, the home presents a bright, low-maintenance layout with dual access, an enclosed yard and rear parking. It's the perfect choice for first home buyers starting out, investors looking for reliable returns or downsizers seeking convenience. Key Features • Two spacious bedrooms with new carpets • Central bathroom • Freshly painted throughout • Enclosed front yard for added security • Rear parking with direct access (dual access) • Vacant and move-in ready Prime Location • Minutes to Northland Shopping Centre, Preston Market and High Street cafés • Close to La Trobe University and Austin/Mercy Hospitals • Excellent tram, bus and train connections to the CBD • Surrounded by schools, parklands and walking trails This home ticks every box with refreshed interiors, a prime location and unbeatable lifestyle appeal. With a potential rental return of $500–$550 per week, this property offers strong investment appeal alongside lifestyle convenience.

Features

2 bedrooms
1 bathroom
1 carspace
1 open car space
Unit

Estimated Value

Based on this property and similar 2 bedroom units sold in Preston over the last 12 months, the estimated median property value of 1/22-24 Hotham Street is $677.5k.

Median value
$677.5k
Estimated value range
$390k - $847k
Median days on market
23
Estimated value trend
7%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Preston. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 1/22-24 Hotham Street

2025
Sold
$690,000
Auction Sale on 10 Oct 2025 by Alex Cedeño, of Barry Plant Macleod

Happy sellers in Preston

95%
95% of sellers in Preston reported that their sale price either exceeded or met their price expectations.

Preston stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 120 reviews in Preston over the last 12 months.

Local market activity for 2 bedroom units in Preston

In the last 12 months, 9 two-bedroom units similar to 1/22-24 Hotham Street, have been sold.

This represents a 55% increase in two-bedroom units sales when compared to the previous 12 months.

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