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Location

Market Insights for Preston VIC 3072

New Listings (last 30 days)

Average price

$434,500

Lowest price

$295,000

Highest price

$650,000

301/26 Oakover Road, Preston VIC 3072

EOI $350,000 - $385,000

Search Band

$350k - $400k High Confidence Calculated based on strong search observations.

Apartment 1 bed 1 bath

Listed: yesterday

Overview

This well-appointed one-bedroom apartment in the heart of Preston presents an excellent opportunity for contemporary urban living with investment potential. The residence offers a thoughtfully designed interior that maximizes natural light and space within approximately 50 square meters.

The open-plan living and dining areas create a welcoming environment suited for both everyday comfort and entertaining. A sleek modern kitchen provides functional appeal for preparing meals, while the generous bedroom includes built-in robes, ensuring ample storage and privacy. The central bathroom reflects modern styling, complementing the overall aesthetic of the apartment.

Private outdoor enjoyment is afforded by a balcony that expands the living space and invites relaxation. The apartment's low-maintenance design caters well to busy professionals and first-home buyers who desire a move-in-ready home with proximity to amenities.

Investment buyers will find immediate value here, with a current rental return of $500 per week, evidencing strong market appeal. The location is particularly attractive, positioned near Oakover Road’s vibrant cafes and services, and within easy reach of Preston Market, High Street shopping, public transport links, and local parklands. This blend of lifestyle convenience and income potential makes the property a smart choice for discerning purchasers seeking a foothold in one of Preston’s accessible residential precincts.

Local Market Insights

In Preston, Quiet Listings observed 10 new apartments entering the market over the last 30 days, down from 12 during the previous 30-day period, with an average advertised asking price of $434,500. The property type mix of listed properties is predominantly Houses at 48%, followed by townhouses (20%), and apartments (20%). The most active agency for apartments in the Preston area is currently Nelson Alexander, representing 30% of new listings, followed by Melbournian Property Group 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.