227 Hurd Street, Portland, Vic 3305-Image

For Sale

Assets Real Estate - Portland and Heywood

227 Hurd Street, Portland, Vic 3305

1,780,000

Block Of Units

Type

Bedrooms

Bathrooms

1,195 m²

Area

Published on Wednesday, April 01, 2026 ( See property details for 227 Hurd Street, Portland, Vic 3305)

$1,780,000

View the agent price guide.

Assets Real Estate - Real Estate Agent - Assets Real Estate - Portland and Heywood

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Jason Saunders - Real Estate Agent - Assets Real Estate - Portland and Heywood

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AI Property Insight

AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A well-maintained, fully furnished coastal apartment complex with ocean views, strong rental returns, and development potential in Portland's desirable seaside pocket.

🏡 Property Highlights

Prime coastal location with ocean views and glimpses
Strong 6.6% rental return with existing leases
Expansive 1195m2 allotment with development potential (STCA)
Fully furnished units catering to diverse tenants
Well-maintained complex with recent updates
Proximity to Portland's CBD, beaches, and scenic cliff-tops

✨ Key Features

Open-Plan Living
Waterfront / Views
Built-in Robes
Ensuite
Outdoor Area
Security Screens / Gates
Fly Screens
Internal Laundry
Pet-Friendly
Extra Storage (Shed/Linen)

Suburb and Property Insights of Portland, VIC 3305

Portland's coastal neighbourhood offers stunning ocean cliff-tops, scenic walks, and a vibrant seaside community. The area attracts strong tenant demand due to its natural beauty and lifestyle appeal. Residents enjoy spectacular sunrises, whale watching, and easy access to Portland's CBD and main beach. The locale combines relaxed coastal living with excellent investment prospects. Its well-established infrastructure and scenic environment make it a highly desirable place to live and invest.

Frequently Asked Questions

What is the current occupancy status of the units?

All units are currently leased with strong, existing tenants, providing immediate income for investors.

Are there any restrictions or covenants on developing the site further?

Development potential is subject to council approval (STCA), and any restrictions should be confirmed with local planning authorities.

What are the ongoing maintenance costs for the complex?

The property has been well maintained, with ongoing costs typical of a multi-unit complex, including upkeep, insurance, and management fees.

Is the property suitable for short-stay or holiday accommodation?

Yes, the fully furnished units and prime coastal location make it ideal for short-stay or holiday rentals, subject to relevant approvals.

What are the zoning and planning regulations for this site?

The property is zoned for multi-unit development, with potential for expansion, pending council approval and compliance with local planning schemes.

What to ask about this property to agent?

Are there any existing easements, covenants, or planning restrictions affecting the property? What are the total annual costs including council rates, insurance, and management fees? Are there any known structural issues or defects with the units? Is there any upcoming council or community development planned in the area that could impact the property? What are the specific zoning regulations and development restrictions for this site? Are there any flood or bushfire risks associated with the property? Is the property part of a strata scheme or body corporate, and what are the associated fees? Are there any planned or ongoing construction projects nearby that could affect the property? What are the terms of the existing leases, and are there any lease expiry dates to consider? Are there any additional costs or approvals required for future development or expansion?

227 Hurd Street, Portland, Vic 3305 - More Details

1,780,000

Type: Block Of Units
Bedrooms: 11
Bathrooms: 7
Area: 1,195 m²

Price guide

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