FOR SALE
$1,350,000

17 Julia Street
Portland VIC 3305

Bedrooms: 5
Bathrooms: 2
Car spaces: -
Floor area: 532m2
Land area: 797m2
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Substantial Returns

Discover an unparalleled investment opportunity at 17 Julia Street, a prime commercial building nestled in the vibrant heart of Portland's C.B.D. This property offers a robust return of 9%, thanks to its diverse income streams. Spanning over 2 floors, the building harmoniously blends 2 commercial shops with multiple residential spaces, offering approx. 532m² of floor space, situated on approx. a 646m² allotment. There is an additional 151m2 vacant lot located at the rear, allowing for further development S.T.C.A. Recent upgrades have enhanced its comfort and versatility, making it an attractive option for expansion or a fresh start. Situated near the local beach, shops, and eateries, 17 Julia Street stands as a beacon for savvy investors seeking substantial returns and long-term growth potential. Don't miss your chance to capitalize on this exceptional property in a sought-after location. Contact Assets Real Estate today to find out more.
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Property Details for 17 Julia St, Portland

17 Julia St, Portland is a 5 bedroom, 2 bathroom House. The property has a land size of 797m2 and floor size of 532m2. The place is currently for sale with Assets Real Estate Portland.

Building Type
House
Floor Size
532m2
Land Size
797m2

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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 6,562 properties. Over the last 5 years, Houses in Portland have seen a 77.78% increase in median value, while Units have seen a 29.97% increase. As at 31 July 2024:

  • The median value for Houses in Portland is $384,680 while the median value for Units is $245,918.
  • Houses have a median rent of $430 while Units have a median rent of $350.
There are currently 166 properties listed for sale, and 1 property listed for rent in Portland on OnTheHouse. According to CoreLogic's data, 225 properties were sold in the past 12 months in Portland.

Suburb Insights for Portland 3305

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Assets Real Estate
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Jason Saunders
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Assets Real Estate Portland
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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.