FOR SALE
$569,000

181 Percy Street
Portland VIC 3305

Bedrooms: 3
Bathrooms: 1
Car spaces: 1
Land area: 884m2
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Investment and Development Potential

Situated in a prime location, just a short stroll from Portland's Central Business District, ocean cliff-tops, and beautiful beaches, 181 Percy Street offers endless possibilities. This charming 3-bedroom, 1-bathroom mount gambier stone home boasts a modern kitchen with a breakfast bar, while the updated bathroom and large combined dining and living area feature polished floorboards, reverse cycle air conditioning, and a cozy combustion fire. Two of the bedrooms are generously sized, making it perfect for families or tenants alike. Set on a spacious 884m² allotment, the property includes a single lock-up garage, rear lane access, and sits within a Mixed-Use Zone (MUZ1). Currently leased and with a solid rental history, it also comes with a planning permit for four townhouse developments and subdivisions. Whether you're looking for a smart investment, a future development project, or a fantastic place to call home, this property is brimming with potential. Contact Assets Real Estate today to arrange your inspection!
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Property Details for 181 Percy St, Portland

181 Percy St, Portland is a 3 bedroom, 1 bathroom House with 1 parking spaces. The property has a land size of 884m2. The place is currently for sale with Assets Real Estate Portland.

Building Type
House
Land Size
884m2

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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 6,569 properties. Over the last 5 years, Houses in Portland have seen a 83.03% increase in median value, while Units have seen a 35.44% increase. As at 31 August 2024:

  • The median value for Houses in Portland is $395,922 while the median value for Units is $249,524.
  • Houses have a median rent of $445 while Units have a median rent of $370.
There are currently 164 properties listed for sale, and 1 property listed for rent in Portland on OnTheHouse. According to CoreLogic's data, 238 properties were sold in the past 12 months in Portland.

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Jason Saunders
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