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4/22 Hotham Street, Preston VIC 3072

$590,000 - $630,000

Search Band Search Visibility Band

$550k - $600k High Confidence Calculated based on strong search observations.

Unit 2 Beds 1 Bath 1 Car

Listed: 51 days ago

Overview

This two-bedroom unit is nestled within a well-maintained complex in Preston’s sought-after inner-north locale, offering a bright and inviting living environment. The practical, clearly defined floorplan balances comfort with functional living spaces, making it appealing to first home buyers, investors, and downsizers alike.

The spacious living room at the front of the unit provides a welcoming area for relaxation, while a separate kitchen and meals zone create a distinct dining setting. The kitchen is equipped with gas cooking facilities and adjoins the meals area, enhancing everyday functionality. Both bedrooms are generously sized and include built-in wardrobes for practical storage.

A central bathroom and a separate laundry offer convenience, and while the property may benefit from updating, it presents an excellent opportunity to renovate and add value in time or secure an affordable home in a convenient location.

Situated south of Bell Street, this residence offers close proximity to Preston’s vibrant High Street precinct with its numerous cafes, restaurants, and retail outlets. Public transport options nearby provide straightforward access across Melbourne. The location is also attractive for professionals and investors given the nearby educational and healthcare institutions such as La Trobe University and Austin Hospital.

With its functional layout, two comfortable bedrooms, allocated car parking space, and excellent location, this property offers a compelling entry point into the Preston market with scope to tailor the home to individual needs.

Local Market Insights

In Preston, Quiet Listings observed 5 new units entering the market over the last 30 days, up from 4 during the previous 30-day period, with an average advertised asking price of $692,000. The property type mix of listed properties is predominantly Houses at 48%, followed by townhouses (21%), and apartments (13%). The most active agency for units in the Preston area is currently Nelson Alexander, representing 40% of new listings, followed by Woodards Real Estate with 20%. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.

While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.