FOR SALE
$1,250,000

650 Cape Nelson Road
Portland VIC 3305

Bedrooms: 7
Bathrooms: 4
Car spaces: 8
Land area: 26.5ac
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'Cape Nelson Accommodation & Gardens'

Situated just 5km from the edge of Portland and 4km from the Cape Nelson Lighthouse is this uniquely beautiful two storey bluestone home plus separate bluestone cottage.
"Cape Nelson Accommodation & Gardens" is currently showing an excellent yearly income with the potential for further growth. Currently showing good returns as a short term rental, "Cape Nelson Cottage" alone, the main homestead is also earning an additional income that can be easily developed further.
With the 20 plus acres, there is also the opportunity to agist the land and make a further income.
From a Commercial perspective, this property is proving successful with only further growth an option.
Main Homestead
Stepping into the main home you find yourself in a very spacious living area containing a combined kitchen with combustion stove, electric stove, dishwasher, stainless steel splashbacks and timber cabinets. The kitchen combines with the dining area plus a sunken lounge with high cathedral ceilings, Conara heater and new reverse cycle air conditioner.
There are 3 bedrooms located on the lower floor plus the main bathroom and laundry with an extra shower and toilet, a completely renovated pool room with a billiard table plus a cosy sunroom. Upstairs also houses a spacious living area with bar, large main bedroom with en-suite and air conditioning and a study or fifth bedroom.
Plus there is an NBN satellite installed, solar hot water panels and 12 x 300 watt solar panels.
Cape Nelson Cottage
The 2 storey Blue Stone cottage is currently a short term rental producing an income of $30,000 - $40,000 per annum. It consists of two bedrooms, kitchen and bathroom, lounge room with fire and air conditioner. The cottage has been fully renovated and is wired for additional solar panels. The cottage will be sold fully furnished as a viable and immediate income.
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Property Details for 650 Cape Nelson Rd, Portland

650 Cape Nelson Rd, Portland is a 7 bedroom, 4 bathroom AcreageSemi-rural with 8 parking spaces. The property has a land size of 26.5ac. The place is currently for sale with Hudson Property.

Building Type
AcreageSemi-rural
Land Size
26.5ac

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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 6,577 properties. Over the last 5 years, Houses in Portland have seen a 63.79% increase in median value, while Units have seen a 41.95% increase. As at 31 October 2024:

  • The median value for Houses in Portland is $384,561 while the median value for Units is $277,420.
  • Houses have a median rent of $450 while Units have a median rent of $375.
There are currently 156 properties listed for sale, and 1 property listed for rent in Portland on OnTheHouse. According to CoreLogic's data, 245 properties were sold in the past 12 months in Portland.

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Nikki Hudson
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