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2 & 3/36 Peter Street, Portland$390,000
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2 & 3/36 Peter Street

Portland, VIC 3305, Australia
$390,000
2 bed 2 bath 2 car

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About this property

Investment opportunity in the highly sought-after coastal township of Portland, offering a versatile and low-maintenance addition to any portfolio. Set on a single title, this property comprises two well-positioned one-bedroom units, each complete with the convenience of undercover parking. One unit is currently leased, providing an instant return, while the second has recently undergone a cosmetic refresh, featuring new paint, updated carpet, and a brand-new split system for year-round comfort. This presents an excellent opportunity to secure a new tenant at current market rates or further enhance returns. With strong rental demand in the area and the flexibility of dual incomes, this property is ideally suited to investors seeking a solid, set-and-forget asset. Whether you're looking to expand your portfolio or secure your first investment, this is a smart opportunity to capitalise on Portland's growing appeal and consistent rental performance.

Property Details

Property Type
land
Listing Type
For Sale
Bedrooms
2
Bathrooms
2
Parking
2
Listed
3 months ago

Repayment calculator

$1,891/month
$945 /fortnight
Loan $312,000 at 6.10% over 30 years

Upfront costs

Deposit$78,000
Stamp duty$18,470
Conveyancing (est.)$2,000
Total upfront$98,470
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 land in Portland, VIC 3305 sits within reach of public transport, local shops and nearby schools. It is listed 13% below the $450,000 median of 82 comparable landswithin 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)6.5 km away
  • Portland Strawberries7.6 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.

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Suburb market

Suburb price trend

Portland price trend

Median sold · House 2 bed

Compound growth +0.5% / yr over 4 yrs

$365kcurrent median

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Price history

Price history

Listing price changes & sale

2 price changes recorded for this property

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