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288 Edgar Street, Portland$1.65m
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288 Edgar Street

Portland, VIC 3305, Australia
$1.65m
2.2 ha

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About this property

This expansive residential land is located within a short walk to the main school hub, shops, and close Portland's CBD amenities and presents a rare and exciting opportunity for those seeking a prime residential development. Sprawling across an impressive 2.2 hectares approximately, this expansive piece of land boasts not only size but also the advantage of already having planning approval for an 18-lot subdivision. The planning process ensures that the subdivision adheres to the highest standards, offering an excellent layout for potential homeowners. The thoughtful design takes into advantage the elevated sites to give you a great Northern aspect over the town creating a harmonious living environment for future residents. One of the significant advantages of this property is the connection to sewerage with only a few modifications required and furthermore, the purchase includes all reticulated pipes fittings, hydrants and other materials to streamline the development process and minimize additional costs. Investors and developers looking for a promising project will find 288 Edgar Street to be a fantastic opportunity. With the groundwork already laid through planning approval and much of the essential infrastructure in place, this property paves the way for a smooth and efficient project. Contact Assets Real Estate on 5522 3333 for more information on this great property.

Property Details

Property Type
land
Listing Type
For Sale
Land Area
2.2 ha
Listed
3 months ago

Repayment calculator

$7,999/month
$4,000 /fortnight
Loan $1,320,000 at 6.10% over 30 years

Upfront costs

Deposit$330,000
Stamp duty$90,750
Conveyancing (est.)$2,000
Total upfront$422,750
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 land in Portland, VIC 3305 sits within reach of public transport, local shops and nearby schools. It is listed 275% above the $440,000 median of 75 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)5.5 km away
  • Portland Strawberries7.7 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 3 bed

Compound growth +2.1% / yr over 4 yrs

$430kcurrent median

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1 price change recorded for this property

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