303/204 High Street
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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
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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
- Anscars — 751 m away
- Preston City Oval — 419 m away
- Unnamed — 528 m away
- G.H. Mott Reserve — 595 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
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Full Preston marketThis listing
Price history
Price history
Listing price changes
1 price change recorded for this property
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