303/204 High Street
Preston, VIC 3072

Overview

Vibrant High Street Lifestyle on Your Doorstep

This well-established one-bedroom apartment in the heart of Preston has proven to be a strong performer in the short-stay rental market, generating over $20,000 in income between August 2025 and March 2026. This existing setup offers a solid foundation for investors, with potential to increase returns by maximizing occupancy throughout the year.

Situated at 303/204 High Street, this stylish apartment combines modern comfort with the convenience of inner-urban living. The design features a sleek open-plan living and dining area that seamlessly extends onto a spacious private balcony, perfect for entertaining guests or enjoying the elevated city views. The interior is enhanced by timber-style flooring and a fresh, neutral color scheme that adds warmth and elegance. Climate control is ensured year-round with a split-system air conditioner.

The kitchen is equipped with contemporary finishes, including a tiled splashback, built-in dishwasher, gas cooktop, and oven, all integrated within ample cabinetry for storage. The bedroom is generously sized with mirrored built-in robes and benefits from soft natural light. The bathroom is designed with stylish tiling and includes a rainfall shower for a touch of luxury. Additional features include a discreet European laundry, a dedicated study nook with built-in desk and shelving, and secure car parking.

Location is a key advantage, with the vibrant High Street precinct just steps away, offering a variety of cafes, bars, and eateries. Essential amenities such as Preston Market, Woolworths, and public transport options including trams and Preston train station are all within easy reach. Residents also have access to a communal rooftop garden with views extending to the CBD, making this apartment an excellent choice for lifestyle, investment, or low-maintenance living in a prime location.

Location