Back 116/388 Murray Road
Off Market

116/388 Murray Road

Preston VIC 3072

2
2
1
73 m²
Apartment
Last sold for $420,000
Peter LeahyPeter Leahy, last sold this property on 19 May 2026 after 32 days on market.

Overview

The Ultimate Base for Lifestyle Lovers

In a vibrant location that truly speaks for itself, this contemporary two bedroom, two bathroom apartment delivers low-maintenance comfort, with everyday essentials, city-bound transport and the iconic Preston Market all just a short stroll away. Set on the first floor of a low-rise complex centred around a communal garden, the secure property features an airy open layout, with split-system heating/cooling extending to a covered balcony ideal for intimate entertaining and morning coffees. The family/meals domain offers relaxation, while the stylish kitchen is well-appointed with quality stainless-steel appliances including a dishwasher, stone benches, soft-close cabinetry and a glass splashback. Robed bedrooms are serviced by the hotel-inspired bathroom, as the master chamber boasts a private ensuite, separate balcony and a walk-in robe. Polished floorboards add to the appeal, and additional extras comprise a European laundry, lift access, intercom, plus a designated car space complemented by a storage cage. It provides an enticing prospect for market entrants, couples, professionals and savvy investors seeking to capitalise on a cosmopolitan address approximately 9.5km from the CBD. Enviably positioned for convenience, it enjoys proximity to Preston Station, buses, St Georges Road trams, Melbourne Polytechnic, High Street eateries/retail, and a quick drive to Northland's shopping hub.

Features

2 bedrooms
2 bathrooms
1 carspace
73 m² floor area
Apartment

Estimated Value

Based on this property and similar 2 bedroom apartments sold in Preston over the last 12 months, the estimated median property value of 116/388 Murray Road is $545.5k.

Median value
$545.5k
Estimated value range
$350k - $926k
Median days on market
31
Estimated value trend
-1%
decrease 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 116/388 Murray Road

2026
Sold
$420,000
Private Sale/Treaty on 19 May 2026 by Peter Leahy, of Peter Leahy Real Estate
2017
Sold
$441,500
Auction Sale on 11 Nov 2017 by Mathew Marotta, of Ray White Preston

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 122 reviews in Preston over the last 12 months.

Local market activity for 2 bedroom apartments in Preston

In the last 12 months, 182 two-bedroom apartments similar to 116/388 Murray Road, have been sold.

This represents a 3% increase in two-bedroom apartments sales when compared to the previous 12 months.

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