1 Pattersons LanePortland VIC 3305
Property Details for 1 Pattersons Lane, Portland
1 Pattersons Lane, Portland is a 8 bedroom, 4 bathroom Unit with 4 parking spaces. The property has a land size of 619m2.
Last Listing description (April 2018)
Looking for a well-priced investment with immediate cash flow? These four, tenanted brick veneer units each consist of an open plan kitchen/dining and living area with electric cooking and breakfast bar, a good-sized laundry, two bedrooms with built-in robes, compact bathroom, enclosed backyard and single lock up garage. Units 1, 2 and 3 all have gas heating and unit 4 has a Rinnai temperature controlled electric heater. Unit 4 also has a small garden shed and outdoor toilet. All units could also be individually Strata Titled (STCA). Located just a short walk from the local Pharmacy, Milk Bar and bottle shop and currently showing a rental yield of approximately 8% p.a this would make a great addition to any investment portfolio. Property Code:404583653
Property History for 1 Pattersons Lane, Portland, VIC 3305
- 25 Apr 2018Listed for Sale $420,000
- 16 Jan 2018Listed for Sale $420,000
- 07 Feb 2017Listed for Sale $420,000
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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.
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