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Location

Market Insights for Port Melbourne VIC 3207

New Listings (last 30 days)

Average price

$839,286

Lowest price

$400,000

Highest price

$3,000,000

207/55 Bay Street, Port Melbourne VIC 3207

Expressions Of Interest: $650,000 - $700,000

Search Band

$650k - $683k Transparent Based on an openly advertised listing price.

Apartment 2 beds 1 bath 1 car

Listed: 7 days ago

Updated: 11 hours ago

Overview

Situated within the vibrant bayside community of Port Melbourne, this apartment offers a balanced lifestyle with its modern and functional design. Featuring two comfortable bedrooms and a well-appointed bathroom, the residence presents an ideal opportunity for those seeking an accessible city fringe home or a savvy investment.

One of this property's key attractions is its private, secure parking space—a rare amenity in this locale that greatly enhances convenience for commuting professionals or couples with vehicles. The apartment's location close to the water and local cafes encourages an active, relaxed way of life that blends urban ease with scenic calm.

The appeal of this apartment is further heightened by the surrounding neighbourhood, known for its blend of period charm and contemporary living. Residents enjoy the benefits of well-established tree-lined streets and a community atmosphere that is both connected and quietly vibrant, making it a place people choose to stay.

This property is particularly suited to professionals, downsizers, or investors who value the lifestyle integration of proximity to the bay with the practicality offered by a well-maintained apartment unit. The accommodation's size and layout promote comfort and efficiency, while the area's enduring appeal offers strong potential for future capital growth.

Local Market Insights

In Port Melbourne, Quiet Listings observed 14 new apartments entering the market over the last 30 days, down from 18 during the previous 30-day period, with an average advertised asking price of $839,286. The property type mix of listed properties is predominantly Apartments at 52%, followed by houses (26%), and commercial properties (15%). The most active agency for apartments in the Port Melbourne area is currently Jellis Craig, representing 36% of new listings, followed by Buxton Real Estate Group 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.