45 Otway StreetPortland VIC 3305
Property Details for 45 Otway St, Portland
45 Otway St, Portland is a 3 bedroom, 1 bathroom House with 2 parking spaces. The property has a land size of 531m2 and floor size of 230m2.
Last Listing description (September 2024)
This Otway Street property is an exceptional opportunity for the savvy property investor. Currently operating as a successful and reputable take away and convenience store with a long lease in place, the properties current layout includes an extensive shop display area, commercial kitchen, and preparation area as well as a residence and off street parking. The property is an excellent investment opportunity in a great location and has future development opportunity (STCA) being located 2 blocks from Portland's CBD area and corner block. For more details on this investment opportunity contact Portland Seaview Real Estate on 0355233822 or exclusive agent Allan on 0438660057.
Property History for 45 Otway St, Portland, VIC 3305
- 11 Sep 2024Listed for Sale Not Disclosed
- 01 Feb 2022Listed for Sale $150,000 inc. GST & SAV
- 04 Oct 2021Listed for Sale $275,000 inc. GST + SAV
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0About 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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