FOR SALE
$437,500

45 Must Street
Portland VIC 3305

Bedrooms: 3
Bathrooms: 1
Car spaces: -
Land area: 1105m2
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You Must Seize This Opportunity

Potential abounds with this property whether you're dreaming of adding a second story to capture breathtaking ocean, harbour and town views (STCA) or perhaps a development project - the options are truly enticing.
The 1950's brick home is located along the elevated side of desirable Must Street on a massive 1105m2 block and is positioned back from the street. Enhancing the property's allure is its convenient rear laneway access which allows entry to the expansive allotment.
Inside needs some updating in areas but hosts three generously sized bedrooms, an inviting kitchen and expansive living areas warmed by central heating.
Additionally, its proximity to Portland's RSL Bowling Club, as well as a leisurely stroll to the YMCA, foreshore and CBD ensures both convenience and lifestyle.
Whether you're a visionary eager to embark on a project with real potential, or an investor eyeing development opportunities, this property checks all the boxes.
Seize the opportunity to claim this excellent property in a sought-after location as your own!
NB: Red outline is an approximate only. Grass has been edited for marketing purposes.
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Property Details for 45 Must St, Portland

45 Must St, Portland is a 3 bedroom, 1 bathroom House. The property has a land size of 1105m2. The place is currently for sale with Hudson Property.

Building Type
House
Land Size
1105m2

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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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Nikki Hudson
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