116/388 Murray Road, Preston VIC 3072

2-bed 2-bath apartment | 73m² in low-rise | Built 2015 | No flood bushfire heritage overlay This first-floor unit trades a full land interest for modern construction efficiencies, but the 1.3-acre communal land holding is the sole buffer against future densification in this rezoning area. The designated car cage and split-system are baseline amenities; the polish is in the stone benchtops and soft-close cabinetry, which indicate above-owner-occupier fit-out for this price band. Your holding cost is the ongoing owners corporation levy on a 2015 build—no latent defects, but no structural upside either. This is a hold-and-use property for a downsizer or investor seeking a tenant-ready unit with school zoning appeal, not a value-add play for a flipper. What makes this unit competitively rare is the private ensuited master with its own balcony, a layout that pulls social and private zones apart in a floorplan under 80m². The Preston station walkability and Northland proximity compress vacancy risk in a 9.5km ring from the CBD, and the FTTP NBN is a genuine differentiator for young professional renters or owner-occupiers who work from home. This property serves best the buyer who values a low-maintenance foothold in a transport-linked suburb over raw capital growth—inspect the joinery quality at the scheduled showing to confirm the fit-out matches the marketing claims, then measure the owners corporation fee against comparable units in the 2015 vintage within 500m of High Street.