How Much is My Home Worth in Preston?

15 December 2020

Real Estate Appraisal Preston VIC 3072

The median price for a house in Preston is $1,185,000 as of August 31, 2024. A median-priced unit is $575,000. There have been 333 houses and 359 units sold this year. On average, it takes 49 days to sell a house and 46 days to sell a unit. In Preston, homes rent for $640 PW a year, which is 3.1% annual rental yield, and apartments rent for $500 PW, which is 4.9% yearly rental yield, if you’re searching for an investment property. Preston has witnessed 3.4% annual compound increase for apartments and 6.3% annual compound growth for homes.

CLICK HERE FOR A SUBURB PROFILE AND MARKET REPORT FOR PRESTON

House prices and rent returns in Preston.

2 bedroom home $1,040,000 Rent per week $580
3 bedroom home $1,206,000 Rent per week $650
4 bedroom home $1,487,000 Rent per week $730

Unit prices and rent returns in Preston.

1 bedroom unit $380,500 Rent per week $410
2 bedroom unit $571,000 Rent per week $500
3 bedroom unit $853,500 Rent per week $650

Free Real Estate Appraisal Preston

Selling your house in Preston? Do you want to know the current market price of your house or unit? Our appraisers will deliver an accurate appraisal based on recent sales data together with the location to amenities, schools, and shops. Our agents will provide this valuation free of charge.

Free Rental Appraisal Preston

Do you have an investment property you wish to rent? Or, do you want to rent out your current home? Our property management team currently manages over 3600 properties. There is no scenario we have not dealt with when it comes to managing real estate. We use the latest software tools to streamline our services. We deal directly with the landlord and keep them up to speed with the rental of their property.

Property Valuation Preston

Did you know there is a difference between a property valuation and an appraisal? If, for legal reasons you require a valuation then you have to engage the services of a registered valuer. This service will come with a fee. An appraisal can be performed by any licensed real estate agent.

Tour of Preston

Preston Enquiry

Lifestyle in Preston
Preston is located just 9 kilometres north of the Melbourne Central Business District. At the 2016 national Census, Preston had a population of 32,851. The Preston Railway Staion runs along the Mernda line. There is also the Northland Shopping complex. There is almost every type of shop you will find in Preston. There is also an arts and entertainment community together with multiple sporting bodies.
Schools in Preston
There are 9 schools in Preston.