FOR SALE
$1,950,000

288 Edgar Street
Portland VIC 3305

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 2.38ha
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This expansive residential land is located within a short walk to the main school hub, shops, and close Portland's CBD amenities and presents a rare and exciting opportunity for those seeking a prime residential development. Sprawling across an impressive 2.28 hectares, this expansive piece of land boasts not only size but also the advantage of already having planning approval for an 18-lot subdivision.
The planning process ensures that the subdivision adheres to the highest standards, offering an excellent layout for potential homeowners. The thoughtful design takes into advantage the elevated sites to give you a great Northern aspect over the town creating a harmonious living environment for future residents.
One of the significant advantages of this property is the connection to sewerage with only a few modifications required and furthermore, the purchase includes all reticulated pipes fittings, hydrants and other materials to streamline the development process and minimize additional costs.
Investors and developers looking for a promising project will find 288 Edgar Street to be a fantastic opportunity. With the groundwork already laid through planning approval and much of the essential infrastructure in place, this property paves the way for a smooth and efficient project.
Contact Assets Real Estate on 5522 3333 for more information on this great property.
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Property Details for 288 Edgar St, Portland

Building Type
Land
Land Size
2.38ha

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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, 224 properties were sold in the past 12 months in Portland.

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Assets Real Estate
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Stuart Wakely
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Assets Real Estate Portland
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