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181 Percy Street, Portland VIC 3305

$645,000

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$645k - $677k Transparent Transparent Listing Based on an openly advertised listing price.

House 3 Beds 1 Bath 1 Car 881 m²

Listed: 22 days ago

Updated: 2 days ago

Overview

Sitting proudly along Portland's main highway, this well-maintained brick residence offers a unique blend of solid home comforts and promising mixed-use potential. The sizable 881 square meter allotment provides an expansive secure backyard featuring rear lane access and a single garage, creating ample room for living, parking, and potential development opportunities within the Mixed Use Zone (MUZ1), subject to council approvals.

Internally, the home has been freshly updated with modern finishes including double glazed windows and a renovated bathroom, ensuring comfort and efficiency. The polished timber floors throughout add warmth and character, complementing two spacious bedrooms, while the third bedroom benefits from a walk-in robe providing convenient storage solutions.

Location is a further highlight, just half a kilometer from scenic ocean cliff tops and the popular Nuns Beach, inviting leisurely walks and tranquil coastal experiences. Practicality is also addressed, with local shops, cafes, and the nearby hospital all within walking distance, supporting everyday needs with ease.

This property will interest a variety of buyers: from those seeking a comfortable family home with renovation and expansion potential to investors or developers looking to capitalize on the mixed-use zoning and strategic location. Its vacant status allows immediate occupation or reimagination, presenting a fresh start with considerable upside.

Solid brick construction with fresh touch-ups ensures durability and contemporary appeal.
Renovated bathroom and painted interiors exude a clean and modern ambiance.
Polished floorboards throughout enhance the home’s aesthetic and comfort.
Generous secure backyard with garage and rear lane access supports diverse uses.
Located within a Mixed Use Zone, unlocking potential for future redevelopment.
Close proximity to coastal attractions, amenities and medical facilities.

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.