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56 Patrick Street, Portland VIC 3305

$515,000

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$515k - $541k Transparent Transparent Listing Based on an openly advertised listing price.

House 3 Beds 1 Bath 2 Cars 885 m² 885 m²

Listed: 57 days ago

Updated: 31 days ago

Overview

This property is ideally situated in the sought-after Portland South area, offering a balance of comfortable indoor living and ample outdoor space on a sizable 885 square meter block. The generous land size provides privacy and opportunities for additional landscaping, gardening, or recreational uses, making the property appealing to families, pet owners, and those valuing outdoor living.

Internally, the home features three bedrooms and a central bathroom equipped with both a separate shower and a bath, supporting convenience and practicality for residents. The living areas are enhanced by ducted heating, ensuring consistent comfort across the home, particularly during cooler months. Recent internal improvements have refreshed the residence, maintaining a well-kept and inviting atmosphere.

Beyond the interiors, the property benefits from secure rear yard space, allowing safe play areas for children and pets or room for future enhancements. Practicality continues with provisions for vehicle accommodation, featuring undercover parking adjacent to the home and additional shedding that offers flexible storage or workspace options.

Currently tenanted, this residence presents an excellent opportunity for investors seeking a reliable addition to their portfolio. Simultaneously, the property's versatile layout and generous allotment make it a practical choice for owner-occupiers looking for a comfortable family home with scope for personalization.

Overall, with its established location, substantial block size, and combination of functional indoor and outdoor spaces, 56 Patrick Street stands out as a promising property suitable for a variety of buyers, including investors and homeowners.

Local Market Insights

In Portland, Quiet Listings observed 14 new houses entering the market over the last 30 days, unchanged from 14 in the prior period, with an average advertised asking price of $712,786. The property type mix of listed properties is predominantly Houses at 74%, followed by units (16%), and commercial properties (11%). The most active agency for houses in the Portland area is currently Assets Real Estate Portland, representing 57% of new listings, followed by Hudson Property Agents Portland with 21%. 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.