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46 Tyers Street, Portland VIC 3305

$375,000

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$375k - $394k Transparent Transparent Listing Based on an openly advertised listing price.

House 3 Beds 1 Bath 2 Cars 911 m²

Listed: 43 days ago

Updated: 6 hours ago

Overview

Positioned in the vibrant heart of Portland’s CBD, this 3-bedroom residence offers a compelling mix of existing charm and significant development prospects. Nestled on a substantial 911 square meter corner block, the property benefits from a rare combination of generous land size and prime location, making it a choice opportunity for investors and developers alike.

The home features classic unpolished floorboards and a kitchen equipped with gas cooking facilities, accompanied by a separate lounge room that invites comfortable living and family interaction. A north-facing sunroom at the rear ensures plenty of natural light, enhancing the living space and offering a pleasant connection to the outdoors. While heating connections are available, the current configuration allows new owners the flexibility to tailor comfort solutions to their preferences.

Externally, the property’s versatility is amplified by a double garage fitted with a concrete floor and power, plus valuable side access via Hurd Street. This facilitates convenient entry for vehicles or equipment, a benefit for residents or future development activities. The fully fenced grounds, deck, and shed contribute useful outdoor amenities for privacy, recreation, and storage.

Most importantly, the site holds central development potential, subject to council approval, offering a strategic advantage in one of Portland’s most sought-after locations. This opportunity to secure a property with both a functional residence and promising future possibilities makes it particularly suited to buyers looking to capitalise on growth or those seeking a significant investment in a prime urban setting.

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.