SOLD
RECENT ADVICE
Sold on 08 Mar 2024 for $1,342,000

38 Velvet Road
Port Melbourne VIC 3207

Bedrooms: 3
Bathrooms: 3
Car spaces: 2
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Property Details for 38 Velvet Rd, Port Melbourne

38 Velvet Rd, Port Melbourne is a 3 bedroom, 3 bathroom Townhouse with 2 parking spaces. While the property is not currently for sale or for rent, it was last sold in March 2024. There are other 3 bedroom Townhouse sold in Port Melbourne in the last 12 months.

Building Type
Townhouse
Local Government
Port Phillip
Lot/Plan
226/PS718981

Last Listing description (March 2024)

Contact the agent if you would like a private inspection.

Incorporating a Scandinavian sense of Style this designer residence is in pristine condition and a great investment. In a leafy setting opposite Port Melbourne Football ground this 5-year-old townhouse will impress with its quality of finish and inclusions. The contemporary floor plan and no maintenance lifestyle will suit a busy professional couple or family wanting to live near the city and the sea. This home requires no renovation and is desirably affordable with the benefit of a 6kw Solar System included.

Comprising176 sqm (internal) plus two outdoor areas, three bedrooms, three bathrooms, two car garage, this home ticks all the boxes including value. By living near the beach, you benefit from inner city convenience and rewarding investment gains.

Ground Level: security entry to reception, double bedroom with ensuite, euro laundry, outdoor courtyard and remote entry from the double car garage.

First Level: expansive open plan living & dining areas and large entertaining deck with a beautiful leafy outlook. The fabulous kitchen is fitted with Smeg appliances, stone breakfast bar and ample storage and cabinetry.

Second Level: houses 2 large bedrooms, master with his and hers walk in robes and stylish ensuite, the 2nd double bedroom is served by a large central bathroom with bath. A home office is fitted and creates a dedicated study.

Why not own a bayside property, 2 kilometers to the City with Woollworths, Coles, tram and schools just minutes away. Bay Street, South Wharf, South Melbourne market all nearby and the CBD 2 Kms away.

Offered for Private Sale.

Property History for 38 Velvet Rd, Port Melbourne, VIC 3207

A timeline of how this property has performed in the market
Last Sold
$1,342,000
08 Mar 2024
  • 27 Feb 2024
    Sold for $1,342,000
  • 01 Dec 2023
    Listed for Sale Under Offer
  • 09 Dec 2021
    Sold for $1,400,000
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About Port Melbourne 3207

The size of Port Melbourne is approximately 10.1 square kilometres. It has 34 parks covering nearly 11.2% of total area. The population of Port Melbourne in 2011 was 14,521 people. By 2016 the population was 16,168 showing a population growth of 11.3% in the area during that time. The predominant age group in Port Melbourne is 30-39 years. Households in Port Melbourne are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Port Melbourne work in a professional occupation. In 2011, 50.9% of the homes in Port Melbourne were owner-occupied compared with 50.5% in 2016.

Port Melbourne has 13,333 properties. Over the last 5 years, Houses in Port Melbourne have seen a 25.62% increase in median value, while Units have seen a 4.91% increase. As at 31 July 2024:

  • The median value for Houses in Port Melbourne is $1,688,602 while the median value for Units is $845,298.
  • Houses have a median rent of $840 while Units have a median rent of $650.
There are currently 20 properties listed for sale, and 20 properties listed for rent in Port melbourne on OnTheHouse. According to CoreLogic's data, 520 properties were sold in the past 12 months in Port melbourne.

Suburb Insights for Port Melbourne 3207

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Stephen Yue
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Frank Callaghan Jnr
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Frank Gordon & Co Pty Ltd
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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.