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G8/388 Murray Road, Preston$500,000
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G8/388 Murray Road

Preston, VIC 3072, Australia
$500,000
2 bed 2 bath 1 car

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About this property

Rarely does a ground-floor apartment offer such a compelling combination of scale, versatility, and outdoor living. G8 at the sought-after Murray 388 complex is a genuinely oversized two-bedroom residence, with a flexible study/second living space that can easily serve as a third bedroom, set across an impressively generous floorplan that feels more like a house than an apartment. From the moment you step inside, the sense of space is immediate and unmistakable. The expansive main living zone flows naturally from the kitchen and provides ample room for both living and dining, while the separate Living 2/Study adds the kind of flexibility that growing families, remote workers, or savvy investors will immediately appreciate. The master bedroom is a true retreat, complete with a walk-in robe and private ensuite, while the second bedroom features its own built-in robe and easy access to the central bathroom. A thoughtfully designed entry and well-appointed bathroom round out an interior that is as functional as it is comfortable. The undeniable star of this apartment is the sprawling north-facing balcony, an entertainer's dream that extends the living space dramatically outdoors, whether you're hosting a summer gathering or simply savouring a quiet morning coffee in the fresh air. Preston's finest amenities sit practically at your doorstep. Preston Train Station is just 200 metres away, putting the Melbourne CBD within easy reach, while the Gilbert Road tram, Preston Market, and the vibrant High Street café and dining strip are all a leisurely stroll from your front door. Northland Shopping Centre is close by for all your retail needs, and the surrounding parklands. Families will appreciate being within the catchment for Preston West Primary School & Preston High School.

Property Details

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

Repayment calculator

$2,424/month
$1,212 /fortnight
Loan $400,000 at 6.10% over 30 years

Upfront costs

Deposit$100,000
Stamp duty$25,070
Conveyancing (est.)$2,000
Total upfront$127,070
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 29% below the $707,500 median of 52 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

  • Reidford Avenue/Murray Road (bus)155 m away
  • Preston Mowers289 m away
  • Asling Reserve156 m away
  • Unnamed404 m away
  • HP Zwar Park476 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 -1.3% / yr over 4 yrs

$550kcurrent median

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Price history

Price history

Listing price changes & sale

2 price changes recorded for this property

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