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1/121 Fawthrop Street, Portland$395,000

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1/121 Fawthrop Street

Portland, VIC 3305, Australia

$395,000

2 bed 1 bath 1 car250 m²

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Listing description

About this property

Located in the popular coastal town of Portland, this well-presented 2-bedroom unit offers a fantastic opportunity for investors or those looking to downsize in a convenient location. Only a short 5mins drive to the C-B-D, positioned close to local primary schools, the high school, and a nearby takeaway pizza restaurant, this property combines comfort with everyday convenience. Inside, the unit features an open-plan kitchen, dining, and living area, creating a practical and low-maintenance space for easy living. Both bedrooms are well-sized with built in robes, while the combined bathroom and laundry maximise functionality. Situated within a safe, gated community, the property provides added peace of mind and a relaxed lifestyle. Outside, you'll find a private courtyard, ideal for enjoying a quiet morning coffee, along with a single carport for undercover parking. The solid brick veneer construction ensures durability and low upkeep for years to come. Currently tenanted, this property presents an excellent investment opportunity with immediate rental return, while also appealing to those seeking to downsize without compromising on location or convenience. Offering low-maintenance living in a sought-after setting, this is an opportunity not to be missed. Contact Assets Real Estate to book your inspection.

Property Details

Property Type: apartment
Listing Type: Sold
Bedrooms: 2
Bathrooms: 1
Parking: 1
Land Area: 250 m²
Listed: 2 months ago

Repayment calculator

$1,915/month

$957 /fortnight

Loan $316,000 at 6.10% over 30 years

Upfront costs

Deposit$79,000

Stamp duty$18,770

Conveyancing (est.)$2,000

Total upfront$99,770

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Indicative figures only — not a quote. Real loan offers depend on the lender; duty depends on contract terms and applicable concessions.

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Neighbourhood

Living in Portland

This 2-bedroom apartment in Portland, VIC 3305 sits within reach of public transport, local shops and nearby schools. It is listed 12% below the $450,000 median of 77 comparable apartmentswithin 5 km.

Schools near Portland

Portland Bay Schoolcombined · U · CoEd
All Saints Parish Schoolprimary · Prep-6 · CoEd
Bundarra Primary Schoolprimary · Prep-6 · CoEd
Portland Primary Schoolprimary · Prep-6 · CoEd
Portland South Primary Schoolprimary · Prep-6 · CoEd
St John's Lutheran Schoolprimary · Prep-6 · CoEd

What's nearby

Unnamed (bus) — 5.3 km away
Portland Strawberries — 7.5 km away

Portland at a glance

Full suburb profile

Population: 10,016
Median age: 47
Household income: $1,146/wk
Median rent: $250/wk
Median mortgage: $1,083/mo

Source: ABS Census.

Due diligence

Property Report

Lifestyle & access

Schools

6 nearby schools

Catchment: Portland Primary School

Public transport

10 stops within 1.5km

Nearest: Bundarra Primary School/Fawthrop St (0.0km)

Traffic

Low congestion

Minimal peak-hour impact expected. Morning and evening traffic may see slight increases on main arterial routes (Portland-Nelson Road) connecting to business areas, but residential streets remain relatively clear.

Noise

Low noise

Nearest: road (0.7km)

Risk & safety

Flood risk

Medium

Portland, located on Victoria's south-west coast, has medium flood risk due to proximity to the Glenelg River and coastal drainage systems. The town falls within mapped Land Subject to Inundation Overlay areas reflecting historical flood events and tidal/riverine flood exposure. Development applications typically require detailed flood risk assessment and adherence to building resilience standards.

Bushfire risk

Moderate

BAL: BAL-19

Crime profile

below average

Trend: stable

Planning & context

Zoning

GRZ1 — General Residential Zone

Glenelg Planning Scheme (Victoria)

Nearby development

5 projects nearby

Portland is a regional centre in south-west Victoria with modest development activity focused on light industrial expansion, port infrastructure, and incremental residential growth. Development is constrained by its regional position and smaller population base, with most activity centring on town centre activation and industrial/logistics support rather than high-density residential development.

Heritage

Heritage listed

Portland is a historic port town in south-western Victoria with significant maritime and colonial heritage. The town centre and waterfront precinct contain multiple state and locally significant heritage places, including Victorian-era civic and commercial buildings. A heritage conservation overlay applies to the central town area, protecting the character and restricting unsympathetic development.

Sources: Australian Gov open data, OpenStreetMap + StMate AI

Disclaimer: This report combines data from Australian Government open data portals (CC-BY 4.0) and StMate AI. For non-NSW properties some sections (zoning, flood, bushfire, development, heritage) are AI-generated based on publicly known suburb characteristics — always verify with the relevant council or authority before making decisions. This report does not constitute legal, financial, or planning advice.

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