Back 71 Wallace Street
Off Market

71 Wallace Street

Preston VIC 3072

2
1
290 m²
House
Last sold for $1,185,000
Chris MichaelChris Michael, last sold this property on 10 October 2025 after 24 days on market.

Overview

Character, Comfort & Community Combined

Behind its picture-perfect weatherboard facade, this charming two-bedroom period home offers the perfect balance of character and modern comfort in a highly sought-after Preston pocket. Beautifully presented and full of warmth, the home immediately impresses with its classic appeal, featuring high ceilings, polished timber floors, and timeless period details that make it feel instantly inviting. The generous living room forms the heart of the home, a comfortable space to relax or entertain, flowing through to a spacious central kitchen. Well-appointed with stainless steel appliances, ample storage, and plenty of bench space, the kitchen is complemented by an adjoining dining zone, creating an easy flow for family meals and day-to-day living. At the rear, a covered outdoor area extends the living space, overlooking a private garden, perfect for outdoor entertaining, weekend barbecues, or simply enjoying the sunshine. Both bedrooms are generously proportioned, each filled with natural light and complemented by convenient storage options. A central bathroom and laundry add to the practicality of the floorplan, ensuring comfort and convenience are well catered for. Perfectly located, 71 Wallace Street is all about lifestyle. Enjoy easy access to Bell & Preston Station, the No. 11 tram, and the vibrant cafés along Gilbert Road, as well as the iconic Preston Market and the bustling High Street dining precinct. Northland Shopping Centre is also only a short drive away, ensuring shopping and entertainment are always close at hand. Families will appreciate the nearby local parks, along with zoning for the ever-popular Bell Primary School and Preston High School.

Features

2 bedrooms
1 bathroom
290 m² lot size
House

Estimated Value

Based on this property and similar 2 bedroom houses sold in Preston over the last 12 months, the estimated median property value of 71 Wallace Street is $1.01m.

Median value
$1.01m
Estimated value range
$771k - $1.61m
Median days on market
25
Estimated value trend
0%
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 71 Wallace Street

2025
Sold
$1,185,000
Auction Sale on 10 Oct 2025 by Chris Michael, of Ray White Preston
2020
Sold
$905,000
01 Aug 2020 by Simon Muller, of Lewis Real Estate
2020
Rented
Undisclosed
Leased on 03 Feb 2020 by Haughton Stotts Real Estate

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 2 bedroom houses in Preston

In the last 12 months, 43 two-bedroom houses similar to 71 Wallace Street, have been sold.

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

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