SOLD
Sold on 30 Nov 2023 for $1,900,000

401/55 Bay Street
Port Melbourne VIC 3207

Bedrooms: 2
Bathrooms: 2
Car spaces: 2
Floor area: 106m2
Land area: 235m2
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Sold By
Ben Manolitsas
Marshall White Port Phillip
Lachlan Dennehy
Marshall White Port Phillip
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Property Details for 401/55 Bay St, Port Melbourne

401/55 Bay St, Port Melbourne is a 2 bedroom, 2 bathroom Unit with 2 parking spaces and was built in 2006. The property has a land size of 235m2 and floor size of 106m2. While the property is not currently for sale or for rent, it was last sold in November 2023. There are other 2 bedroom Unit sold in Port Melbourne in the last 12 months.

Building Type
Unit
Year Built
2006
Floor Size
106m2
Land Size
235m2
Local Government
Port Phillip
Lot/Plan
B401/PS500744

Last Listing description (January 2024)

TOTAL SIZE: 235sqm (approx.)

Elevate your lifestyle from this oversized three-bedroom apartment in the revered Bayshore development, where exceptional bay views and phenomenal indoor-outdoor proportions set the tone for beachside excellence. The expansive terrace, a true showstopper, amplifies the interior space, offering unrivalled opportunities for entertaining against the awe-inspiring backdrop of the bay, whilst the resort-style amenities, including a swimming pool and gymnasium, deliver an enviable lifestyle.

Inside, extensive floor-to-ceiling windows are perfectly positioned to take advantage of the preferred bay orientation, creating a compelling connection with the exclusive surroundings from almost every vantage point. Soaring ceiling heights and absolute privacy highlight the relaxed ambience further, with terrace access from two of the bedrooms and the open-plan living area allowing for gentle breezes and idyllic indoor-outdoor entertaining. The large main bedroom with an ensuite and walk-through robe opens to the warmth of the afternoon sun, whilst a generous family bathroom caters to two additional bedrooms, one with direct semi-ensuite access.

Highlights are plenty, with a generous entrance hall with a European laundry, a granite-bench kitchen with quality stainless steel appliances, electric roller blinds, central heating and cooling, secure fob entry, lift access and two basement parking spaces. A 4-minute walk to Port Melbourne Beach and Yacht Club, this unmatched location puts Bay Street's dining, cafe and retail options within steps of your front door, transport nearby, excellent schools within easy reach, and the CBD just moments away.

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Property History for 401/55 Bay St, Port Melbourne, VIC 3207

A timeline of how this property has performed in the market
Last Sold
$1,900,000
30 Nov 2023
  • 30 Nov 2023
    Sold for $1,900,000
  • 08 Nov 2023
    Listed for Sale Under Contract
  • 10 Jun 2022
    Sold for $1,100,000
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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 13,214 properties. Over the last 5 years, Houses in Port Melbourne have seen a 1.30% increase in median value, while Units have seen a 2.23% increase. As at 31 October 2024:

  • The median value for Houses in Port Melbourne is $1,530,130 while the median value for Units is $843,205.
  • Houses have a median rent of $825 while Units have a median rent of $690.
There are currently 22 properties listed for sale, and 12 properties listed for rent in Port melbourne on OnTheHouse. According to CoreLogic's data, 488 properties were sold in the past 12 months in Port melbourne.

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