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311/388 Murray Road, Preston$419,000
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311/388 Murray Road

Preston, VIC 3072, Australia
$419,000
2 bed 2 bath 1 car

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About this property

If you're looking for a well-designed, low-maintenance apartment with everything at your doorstep, Apartment 311 at 388 Murray Road delivers. Set within the highly regarded "Murray 388" complex, this two-bedroom, two-bathroom residence is ideal for first home buyers, downsizers, or investors wanting location, practicality, and secure modern living. The open-plan living and dining area is generously sized, with large windows letting in plenty of natural light and direct access to your own private balcony-perfect for morning coffee or an evening wind-down. The layout creates a sense of space and separation within the home, giving each bedroom its own quiet retreat while keeping the living areas open and connected. The kitchen is modern and functional, with clean finishes, great bench space, and lots of overhead and under-bench storage. It's designed for ease, whether you're preparing everyday meals or entertaining friends. Both bedrooms are generously sized and come equipped with built-in wardrobes, providing ample storage. The master bedroom is a private retreat, complete with its own ensuite bathroom that offers convenience and a sense of seclusion. The second bathroom is full-sized and thoughtfully designed, featuring a separate shower alongside sleek, modern fixtures that create a clean and contemporary atmosphere. The location truly stands out, placing you just moments from Preston Market-a beloved local hub renowned for fresh food, vibrant culture, and a strong sense of community. With Preston Train Station just around the corner, commuting to the city is both quick and convenient. The surrounding neighbourhood offers a diverse mix of cafés, restaurants, supermarkets, specialty shops, and easy access to public transport, ensuring everything you need is close at hand. Whether you're looking to move in or rent it out, this apartment ticks all the boxes: a smart layout, excellent natural light, secure building, and an unbeatable inner-north location. With everything you need at your fingertips, 311/388 Murray Road offers a lifestyle of comfort, simplicity, and urban convenience.

Property Details

Property Type
apartment
Listing Type
Sold
Bedrooms
2
Bathrooms
2
Parking
1
Listed
3 months ago

Repayment calculator

$2,031/month
$1,016 /fortnight
Loan $335,200 at 6.10% over 30 years

Upfront costs

Deposit$83,800
Stamp duty$20,210
Conveyancing (est.)$2,000
Total upfront$106,010
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 2-bedroom apartment in Preston, VIC 3072 sits within reach of public transport, local shops and nearby schools. It is listed 48% below the $800,000 median of 57 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)175 m away
  • Anscars1.1 km away
  • Unnamed363 m away
  • Preston City Oval494 m away
  • Unnamed526 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 2 bed

Compound growth -0.9% / yr over 4 yrs

$550kcurrent median

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Price history

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