Back 2/531 Murray Road
Off Market

2/531 Murray Road

Preston VIC 3072

3
2
2
Townhouse
Last sold for $1,030,000
Ian DempseyIan Dempsey, last sold this property on 01 June 2026 after 13 days on market.

Overview

Modern Family Living Made Easy

Positioned in the heart of highly sought-after West Preston, 2/531 Murray Road delivers the perfect balance of modern low-maintenance living, quality finishes and an unbeatable lifestyle location. Designed with comfort and functionality in mind, this stylish three-bedroom residence offers spacious proportions, seamless indoor-outdoor entertaining and premium inclusions throughout, making it an exceptional opportunity for families, professionals or savvy investors alike. Beyond its contemporary façade, the home opens to a light-filled open plan living and dining domain complemented by warm timber flooring and an impressive sense of space. The sleek modern kitchen is perfectly appointed with stone benchtops, quality appliances, ample cabinetry and a central island bench that anchors the heart of the home. Large sliding doors connect the interior to a superb covered alfresco entertaining area, creating a true extension of the living space and allowing effortless year-round entertaining. Complete with an automatic pergola featuring integrated lighting and heating, this outdoor zone has been thoughtfully designed for every season. Upstairs, the accommodation is equally impressive with three generously sized bedrooms, including a spacious main bedroom with built-in robes and ensuite, while the additional bedrooms are serviced by a stylish central bathroom. Comfort is assured throughout with split-system heating and cooling in every room, ceiling fans to all bedrooms and automatic blinds fitted throughout the bedrooms and living areas for added convenience and modern functionality. Further highlights include a full-size laundry, guest powder room, excellent storage, landscaped surrounds and a secure double garage with internal access. The location is simply outstanding. Set within one of West Preston's most popular and rapidly growing pockets, you are moments from Gilbert Road trams, Preston Market, High Street cafés and restaurants, local parks, quality schools and Preston or Bell Station, while enjoying easy access to the CBD. Combining lifestyle, convenience and contemporary comfort, this is a home that truly ticks every box.

Features

3 bedrooms
2 bathrooms
2 carspaces
2 garage spaces
Townhouse

Estimated Value

Based on this property and similar 3 bedroom townhouses sold in Preston over the last 12 months, the estimated median property value of 2/531 Murray Road is $861k.

Median value
$861k
Estimated value range
$633k - $1.26m
Median days on market
29
Estimated value trend
-2%
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 2/531 Murray Road

2026
Sold
$1,030,000
01 Jun 2026 by Ian Dempsey, of Ray White Preston
2024
Sold
Undisclosed
Auction Sale on 04 Oct 2024 by Anthony De Iesi, of McGrath Northcote
2022
Rented
Undisclosed
Leased on 29 Aug 2022 by Nelson Alexander Reservoir

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 3 bedroom townhouses in Preston

In the last 12 months, 44 three-bedroom townhouses similar to 2/531 Murray Road, have been sold.

This represents a 18% increase in three-bedroom townhouses sales when compared to the previous 12 months.

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