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303/204 High Street, Preston$377,500
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For Saleapartment

303/204 High Street

Preston, VIC 3072, Australia
$360,000 – $395,000
1 bed 1 bath 1 car

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About this property

A proven short-stay performer, this Preston apartment has demonstrated strong income performance, generating approximately over $20,000 between August 2025 and March 2026. The existing setup provides an excellent foundation for investors, with the opportunity to enhance returns by optimising occupancy across the full year. Elevated in the heart of Preston, this stylish one-bedroom apartment at 303/204 High Street offers the perfect fusion of modern comfort and inner-urban convenience. Thoughtfully designed, the home welcomes you with a sleek open-plan living and dining area that flows effortlessly onto a generous private balcony, ideal for entertaining or relaxing while taking in the elevated city views. Timber-style flooring and a crisp colour palette add warmth and sophistication, while a split-system ensures year-round climate comfort. The kitchen is beautifully appointed with contemporary finishes, including a tiled splashback, built-in dishwasher, gas cooktop, oven, all seamlessly integrated within generous cabinetry. The spacious bedroom features mirrored built-in robes and soft natural light, while the designer bathroom showcases stylish tiling and a rainfall shower. Additional highlights include a discreet European laundry, a designated study nook with a built-in desk and shelving, and secure car parking. Perfectly positioned, you're just steps from the vibrancy of High Street with its lively cafes, bars, and eateries, and you are only moments from Preston Market, Woolworths, and public transport options, including trams and Preston train station. With access to a communal rooftop garden and the CBD visible in the distance, this is a smart lifestyle investment or low-maintenance home in a prime location.

Property Details

Property Type
apartment
Listing Type
For Sale
Bedrooms
1
Bathrooms
1
Parking
1
Listed
3 months ago

Repayment calculator

$1,830/month
$915 /fortnight
Loan $302,000 at 6.10% over 30 years

Upfront costs

Deposit$75,500
Stamp duty$17,720
Conveyancing (est.)$2,000
Total upfront$95,220
Verify with VIC revenue office →
Indicative figures only — not a quote. Real loan offers depend on the lender; duty depends on contract terms and applicable concessions.

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Neighbourhood

Living in Preston

This 1-bedroom apartment in Preston, VIC 3072 sits within reach of public transport, local shops and nearby schools. It is listed 48% below the $725,000 median of 64 comparable apartmentswithin 5 km.

Schools near Preston

  • East Preston Islamic Collegecombined · Prep-12 · CoEd
  • St John's College Prestoncombined · Prep-12 · CoEd
  • Bell Primary Schoolprimary · Prep-6 · CoEd
  • Newlands Primary Schoolprimary · Prep-6 · CoEd
  • Preston Primary Schoolprimary · Prep-6 · CoEd
  • Preston South Primary Schoolprimary · Prep-6 · CoEd

What's nearby

  • Preston 2 (train)754 m away
  • Anscars751 m away
  • Preston City Oval419 m away
  • Unnamed528 m away
  • G.H. Mott Reserve595 m away

Preston at a glance

Full suburb profile
Population
33,790
Median age
37
Household income
$1,844/wk
Median rent
$392/wk
Median mortgage
$2,000/mo

Source: ABS Census.

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Suburb market

Suburb price trend

Preston price trend

Median sold · Unit 1 bed

Compound growth -0.3% / yr over 4 yrs

$405kcurrent median

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Price history

Price history

Listing price changes

1 price change recorded for this property

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