OFF MARKET

58 Wade Street
Portland VIC 3305

Bedrooms: 2
Bathrooms: 1
Car spaces: 2
Floor area: 101m2
Land area: 704m2
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Last updated 14 Oct 2024
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Property Details for 58 Wade St, Portland

58 Wade St, Portland is a 2 bedroom, 1 bathroom House with 2 parking spaces and was built in 1948. The property has a land size of 704m2 and floor size of 101m2. While the property is not currently for sale or for rent, it was last sold in May 2023.

Building Type
House
Year Built
1948
Floor Size
101m2
Land Size
704m2
Local Government
Glenelg
Lot/Plan
1/TP200140

Last Listing description (August 2023)

This 1930s Fibro home on approximately 704m2 has exceptional character and provides a unique opportunity to purchase a residential rental property providing a great rental return.
Located in North Portland within walking distance to the beach and CBD, this two-bedroom home features gas cooking and a gas log heater. The property still has many original features including polished floors, leadlight windows and ornate ceiling roses.
The property has a large enclosed backyard which allows for easy vehicle parking, room for a boat and plenty of space for kids and pets.

The property is currently rented at $320 per week, lease ending in November 2023.
Don't miss out on this great business or investment opportunity, call to book your inspection today!

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Property History for 58 Wade St, Portland, VIC 3305

A timeline of how this property has performed in the market
Last Sold
$298,000
10 May 2023
Listed for Rent
$305/w
30 Sep 2022
  • 10 May 2023
    Sold for $298,000
  • 27 Apr 2023
    Listed for Sale $305,000
  • 30 Sep 2022
    Listed for Rent $305 / week
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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 6,563 properties. Over the last 5 years, Houses in Portland have seen a 65.80% increase in median value, while Units have seen a 40.03% increase. As at 30 September 2024:

  • The median value for Houses in Portland is $389,963 while the median value for Units is $267,575.
  • Houses have a median rent of $450 while Units have a median rent of $360.
There are currently 163 properties listed for sale, and 2 properties listed for rent in Portland on OnTheHouse. According to CoreLogic's data, 234 properties were sold in the past 12 months in Portland.

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