5/229 Gilbert Road, Preston VIC 3072

Townhouse in Preston | three-bedroom, two-bathroom | owner-occupied street | school catchment edge | inspected within days of listing. This townhouse sits on a 100% owner-occupied street in Preston, which signals low turnover and stable neighbourhood demand — a rare configuration for a three-bedroom townhouse in this price bracket. The property is positioned within walking distance of Bell Primary School and Coburg High School, giving it a practical edge for families or investors targeting long-term tenants. The 164 m² block is compact but efficient, and the recent listing activity indicates the vendor is serious about a timely sale. The primary risk is the lack of recent sales history for this specific unit, making precise value comparison difficult. The nearby unit 6 sold in 2020 and 2022, but without exact pricing, the buyer must rely on the guide range and broader suburb trends. No flood, bushfire, or heritage overlays reduce hidden costs. The buyer should commission a building inspection and check VicPlan for any zoning constraints. For a buyer seeking a low-maintenance townhouse in a stable pocket with good school access, this property is best held medium-term or used as a secure owner-occupier home.