FOR SALE
$365,000

47 Wellington Road
Portland VIC 3305

Bedrooms: 3
Bathrooms: 1
Car spaces: -
Land area: 1002m2
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Investment Opportunity

Located in the picturesque coastal township of Portland, this property presents an exceptional investment opportunity for future land or unit subdivision. Situated on a generous 1,002m² corner allotment, the location is just a short stroll from the Portland CBD and the scenic town foreshore. Onsite, a recently refreshed 3-bedroom home with updated carpet and paint provides the perfect chance to generate income from day one.
Whether you're looking to capitalize on the growing demand for coastal properties or secure a site with development potential, this property is an enticing prospect for astute investors. Don't miss out on this rare chance to own a slice of Portland's thriving real estate market. Contact Assets Real Estate today!
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Property Details for 47 Wellington Rd, Portland

47 Wellington Rd, Portland is a 3 bedroom, 1 bathroom House. The property has a land size of 1002m2. The place is currently for sale with Assets Real Estate Portland.

Building Type
House
Land Size
1002m2

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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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