SOLD
Sold on 09 Sep 2024 for $210,000

1/25 Fern Street
Portland VIC 3305

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 96m2
Land area: 80m2
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Property Details for 1/25 Fern St, Portland

Building Type
Commercial
Year Built
2000
Floor Size
96m2
Land Size
80m2
Local Government
Glenelg
Lot/Plan
1/PS349209

Last Listing description (November 2024)

If you're looking for a great investment then look no further than 1/25 Fern Street. This sound investment opportunity, has a 4.5-star rating, 2-bedrooms and is positioned in a central motel complex with secure lease in place until 2042.
The unit features an open-plan layout encompassing the kitchen, dining, and lounge area. This design enhances the flow of natural light and creates a spacious, welcoming atmosphere. There are two generous size bedrooms, both equipped with built-in robes; combined bathroom and laundry facilities; and a split system unit ensuring a pleasant living environment no matter the season.
Within walking distance to both the town and the beach, the property conveniently enjoys its own street access and off-street parking.

This unique property offers a blend of comfort, convenience, and potential income, making it an excellent investment opportunity.
For further details or to inspect this property contact exclusive agent Allan Barrett on 0438660057 or the team at Seaview Real Estate on 55233822.

Property History for 1/25 Fern St, Portland, VIC 3305

A timeline of how this property has performed in the market
Last Sold
$210,000
09 Sep 2024
  • 09 Sep 2024
    Sold for $210,000
  • 20 Oct 2023
    Listed for Sale Best offer
  • 16 Jan 2015
    Sold for $220,000
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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, 242 properties were sold in the past 12 months in Portland.

Suburb Insights for Portland 3305

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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.