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54 Must Street, Portland$460,000
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For Salehouse

54 Must Street

Portland, VIC 3305, Australia
$460,000
3 bed 1 bath 1 car715 m²

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About this property

Positioned on the sought-after eastern end of Must Street, this charming late-1950s residence offers the perfect blend of original character and modern practicality. Whether you're a first-home buyer looking to break into the market or an investor seeking a reliable return, this property delivers incredible value in a prime location. The Home Step inside to find a spacious, light-filled living area and a practical layout designed for easy living. The home features three comfortable bedrooms, a central bathroom, and the added convenience of two toilets. With ample storage throughout and gas appliances already in place, it's a move-in-ready gem with plenty of room to add your own personal touch. The Allotment Set on a generous 717m² corner allotment, a rare find that provides extra flexibility for those with a boat, caravan, or trailer. The secure garage offers peace of mind and additional storage space. The Lifestyle Location is everything here. You are just 200m from the Portland Memorial Bowling Club and a short, easy stroll into the heart of Portland's CBD for cafes, shopping, and the waterfront. Investment Ready Currently leased at $460 per week, this is a "set and forget" opportunity for your portfolio or a rock-solid start for your real estate journey. Key Features: Prime Corner Block: 717m² with dual access. Classic 1950s Build: Blending original character with a functional layout. Spacious Living: 3 bedrooms, 1 bathroom, 2 toilets, and a secure garage. Walk Everywhere: Moments from the Bowling Club and CBD. For more details or to organise your inspection contact exclusive agent Allan Barrett on 0438660057 or the team at Seaview Real Estate on 0355233822

Property Details

Property Type
house
Listing Type
For Sale
Bedrooms
3
Bathrooms
1
Parking
1
Land Area
715 m²
Listed
3 months ago

Repayment calculator

$2,230/month
$1,115 /fortnight
Loan $368,000 at 6.10% over 30 years

Upfront costs

Deposit$92,000
Stamp duty$22,670
Conveyancing (est.)$2,000
Total upfront$116,670
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 3-bedroom house in Portland, VIC 3305 sits within reach of public transport, local shops and nearby schools. It is listed 5% above the $440,000 median of 82 comparable houseswithin 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)5.8 km away
  • Portland Strawberries7.3 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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Price history

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1 price change recorded for this property

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