Back 547 Murray Road
Off Market

547 Murray Road

Preston VIC 3072

3
1
1
700 m²
House
Nicholas RichardsNicholas Richards, last sold this property on 03 October 2025 after 29 days on market.

Overview

Renovate or Rebuild Opporunity

Positioned in a thriving pocket of Preston, this original 3-bedroom home presents an exceptional opportunity for those looking for a renovation opporunity, developers, or those ready to build their dream home. Set on a generous 700m² (approx.) allotment with wide street frontage, the possibilities here are endless. Surrounded by quality schools, public transport, local parks, and just moments from Northland Shopping Centre and Preston Market, Restaurants and cafes, the location is as impressive as the potential. This supberb location also offers short distance to Sydney Rd Shops, Coburg Market, community support ammenities and hospitals. With a wide frontage and deep block, the site lends itself to a stunning single dwelling build or even a multi-unit development (STCA), all in a well-connected and highly sought-after suburb less than 10km from Melbourne's CBD. Whether you're looking to knock down and rebuild, develop (STCA), or landbank for future growth, this property offers the ideal foundation in one of Preston's most well-connected locations. Photo ID required at all open for inspections.

Features

3 bedrooms
1 bathroom
1 carspace
1 garage space
700 m² lot size
House

Estimated Value

Based on this property and similar 3 bedroom houses sold in Preston over the last 12 months, the estimated median property value of 547 Murray Road is $1.17m.

Median value
$1.17m
Estimated value range
$691k - $1.71m
Median days on market
25
Estimated value trend
2%
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 547 Murray Road

2026
Rented
Undisclosed
Leased on 28 Apr 2026 by Sapphire Estate Agents Melbourne
2025
Sold
Undisclosed
03 Oct 2025 by Nicholas Richards, of Ray White Mount Waverley

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 3 bedroom houses in Preston

In the last 12 months, 152 three-bedroom houses similar to 547 Murray Road, have been sold.

This represents a 23% increase in three-bedroom houses sales when compared to the previous 12 months.

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