FOR SALE
$399,000

357 Hanlon Parade
Portland VIC 3305

Bedrooms: 2
Bathrooms: 1
Car spaces: -
Land area: 660m2
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Ocean View Investment

Nestled next to the stunning North Portland clifftop, this 2-bedroom property offers an incredible opportunity for those looking to invest in a prime location. Set on a generous 660m² block, the property boasts the potential for breathtaking ocean views with a two story build. Currently operating as an Airbnb, this home provides the flexibility to continue generating income through short-term stays while also enjoying it as your personal retreat. Alternatively, it can be leased for longer-term tenants. With Portland's thriving community, famous for its fishing, whale watching, and scenic clifftop walks, this property presents a unique chance to secure a piece of a town on the rise. Don't miss out on this promising investment in Portland's future.
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Property Details for 357 Hanlon Pde, Portland

357 Hanlon Pde, Portland is a 2 bedroom, 1 bathroom House. The property has a land size of 660m2. The place is currently for sale with Assets Real Estate Portland.

Building Type
House
Land Size
660m2

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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 6,581 properties. Over the last 5 years, Houses in Portland have seen a 66.02% increase in median value, while Units have seen a 17.40% increase. As at 30 November 2024:

  • The median value for Houses in Portland is $394,895 while the median value for Units is $278,104.
  • Houses have a median rent of $450 while Units have a median rent of $385.
There are currently 161 properties listed for sale, and 2 properties listed for rent in Portland on OnTheHouse. According to CoreLogic's data, 252 properties were sold in the past 12 months in Portland.

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