50 Hereford St, Portarlington is a 3 bedroom, 1 bathroom House with 1 parking spaces and was built in 1982. The property has a land size of 668m2 and floor size of 118m2. While the property is not currently for sale or for rent, it was last transferred in November 2017.
With a lease in place until 27th July 2019, this brick veneer home is a prime opportunity for first home buyers or investors/developers, providing income for today and potential for the future.
An allotment size of 668m2 (approx.) provides a myriad of development potential (STCA) with glimpses of the bay and potential for more if you were to introduce another level.
Features of the property including:
The size of Portarlington is approximately 24.8 square kilometres. It has 15 parks covering nearly 8.9% of total area. The population of Portarlington in 2011 was 3,581 people. By 2016 the population was 3,618 showing a population growth of 1.0% in the area during that time. The predominant age group in Portarlington is 60-69 years. Households in Portarlington are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Portarlington work in a professional occupation. In 2011, 72.8% of the homes in Portarlington were owner-occupied compared with 69.6% in 2016.
Portarlington has 4,157 properties. Over the last 5 years, Houses in Portarlington have seen a 46.58% increase in median value, while Units have seen a 26.56% increase. As at 31 July 2024:
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