FOR SALE
$265,000

16 Fern Street
Portland VIC 3305

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 563m2
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Rare Opportunity

Located a short stroll from Portland's Central Business District is the rare opportunity you have been waiting for. This parcel of land is approximately 563m2 and Zoned Commercial 2 surrounded by medical facilities, retail stores and food outlets. This fantastically positioned allotment makes the perfect location for your commercial development. Contact Assets Real Estate for more information.
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Property Details for 16 Fern St, Portland

Building Type
Land
Land Size
563m2

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About Portland 3305

The size of Portland is approximately 33.5 square kilometres. It has 28 parks covering nearly 6.2% of total area. The population of Portland in 2011 was 9,600 people. By 2016 the population was 9,717 showing a population growth of 1.2% in the area during that time. The predominant age group in Portland is 50-59 years. Households in Portland are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Portland work in a trades occupation. In 2011, 68% of the homes in Portland were owner-occupied compared with 65.2% in 2016.

Portland has 6,568 properties. Over the last 5 years, Houses in Portland have seen a 65.80% increase in median value, while Units have seen a 40.03% increase. As at 30 September 2024:

  • The median value for Houses in Portland is $389,963 while the median value for Units is $267,575.
  • Houses have a median rent of $450 while Units have a median rent of $360.
There are currently 164 properties listed for sale, and 2 properties listed for rent in Portland on OnTheHouse. According to CoreLogic's data, 239 properties were sold in the past 12 months in Portland.

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