Images and floorplans are provided for illustrative purposes and remain the property of their respective copyright owners.
Overview
This property offers an exceptional blend of prime location and promising development opportunity in the highly sought-after coastal town of Portarlington. Located just a short stroll from both the bustling boutique shopping strip and the bay’s pristine shoreline, it presents an enviable lifestyle close to the water and local amenities.
What sets this site apart is its approved plans and permits for two quality townhouses, positioning it as an attractive prospect for developers, builders, or families interested in dual residences. This existing approval streamlines the path towards future development, offering a valuable head start in a coveted area.
Currently, a charming cottage resides on the land, generating steady rental income. The residence benefits from abundant natural light especially through its open-plan dining and sunroom, enhancing the sense of space and warmth. The kitchen is practical and well-equipped for everyday living, and the three bedrooms provide comfortable accommodation supported by a central bathroom and separate toilet.
Beyond the home, the private rear garden creates a tranquil retreat with mature plantings, including fruit trees, contributing to a serene outdoor environment. Additionally, two versatile bungalows offer functional storage or creative studio space to suit a variety of needs.
Overall, this property holds strong appeal for those seeking a coastal lifestyle combined with development potential. Whether continuing to enjoy the existing cottage, undertaking the townhouse project, or holding as a landbank for future use, it stands as a rare opportunity within a blue-chip address.
Local Market Insights
In Portarlington, Quiet Listings observed 62 new houses entering the market over the last 30 days, down from 94 during the previous 30-day period, with an average advertised asking price of $1,022,452. The property type mix of listed properties is predominantly Houses at 63%, followed by land (28%), and townhouses (6%). Neville Richards Real Estate is the only agency with property listings monitored during the period. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Location
Portarlington VIC 3223
Market Insights for Portarlington VIC 3223
Other properties in this postcode
* Search brackets are a technical classification derived from unverified metadata set by the listing agent for search filtering. It is not an official price guide, a valuation, or a representation of the seller's reserve. This data is provided for search transparency purposes only.
