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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
Verify with VIC revenue office →
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 Strawberries7.5 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

Flood Risk

Complete
Medium flood risk

None

Low

Medium

High

Flood zone

Land Subject to Inundation Overlay (LSIO)

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.

Planning controls

  • Compliance with Victoria's LSIO requirements for new development and substantial renovation
  • Building design and floor level standards to mitigate flood risk, typically minimum 500mm freeboard above the 1% AEP flood level
  • Submission of Flood Risk Assessment for development applications in mapped LSIO areas
  • Consideration of Glenelg River and Hopkins River flood behaviour in planning decisions
Source: StMate AI — VIC flood overlays06/05/2026
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.

Suburb market

Suburb price trend

Portland price trend

Median sold · Unit 2 bed

Compound growth +4.8% / yr over 4 yrs

$297kcurrent median

Suburb-wide medians from sold listings — a guide to the area, not this specific property.

Full Portland market

This listing

Price history

Price history

Listing price changes & sale

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