Back 254 Gilbert Road
Off Market

254 Gilbert Road

Preston VIC 3072

4
1
20
565 m²
House
Last sold for $1,300,000
Abdul AlloucheAbdul Allouche, last sold this property on 22 August 2025 after 52 days on market.

Overview

Zoned for Possibilities, Packed with Potential

A rare opportunity on a versatile 556m² approx. block zoned Housing Choice and Transport 2, this character-filled Californian Bungalow comes with proposed plans and exceptional potential to develop three modern townhouses with city views (STCA). Currently a well-regarded medical centre, the single-level property boasts excellent street exposure on a corner block, with generous off-street parking via Wallace Street. Incorporating a clever layout, the large reception/waiting area is complemented by four dedicated consulting suites, one of which is suitable as a kitchenette/meals room. Additional extras include two powder rooms, a European laundry, storeroom, timber floors and mature fruit trees. Ideal for established health professionals, savvy investors, or those ready to embark on their next big project. Enviably located with CBD trams at the doorstep, it's also surrounded by bus routes, Bell Street amenities, the iconic Preston Market, plus the convenience of near by High Street.

Features

4 bedrooms
1 bathroom
20 carspaces
10 open car spaces
10 garage spaces
565 m² lot size
House

Estimated Value

Based on this property and similar 4 bedroom houses sold in Preston over the last 12 months, the estimated median property value of 254 Gilbert Road is $1.42m.

Median value
$1.42m
Estimated value range
$895k - $2.95m
Median days on market
25
Estimated value trend
1%
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 254 Gilbert Road

2025
Sold
$1,300,000
22 Aug 2025 by Abdul Allouche, of Ray White Brunswick
2024
Sold
Undisclosed
11 Jul 2024 by Harry Fares, of Barry Plant Doncaster (Manningham)

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 121 reviews in Preston over the last 12 months.

Local market activity for 4 bedroom houses in Preston

In the last 12 months, 91 four-bedroom houses similar to 254 Gilbert Road, have been sold.

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