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81 Browning Street, Portland, Vic 3305 Sold
81 Browning Street, Portland, Vic 3305 81 Browning Street, Portland, Vic 3305-Image 81 Browning Street, Portland, Vic 3305-Image 81 Browning Street, Portland, Vic 3305-Image 81 Browning Street, Portland, Vic 3305-Image 81 Browning Street, Portland, Vic 3305-Image 81 Browning Street, Portland, Vic 3305-Floorplan

81 Browning Street, Portland, Vic 3305

$1,000,000

Block Of Units
Type
8
Bedrooms
4
Bathrooms
5
Parkings
1,589 m²
Area

Last updated on Monday, July 06, 2026 ( See property details for 81 Browning Street, Portland, Vic 3305)

$1,000,000

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

A versatile investment opportunity in North Portland featuring four income-generating units on a large landholding with future development potential.

🏡 Property Highlights

  • Expansive approx. 1,589m² land holding with five titles
  • Four well-maintained two-bedroom units with built-in robes
  • Immediate income with current leases in place
  • Strong rental return of approximately 6.2%
  • Future development potential (S.T.C.A.) on vacant front lot
  • Prime North Portland location with coastal appeal

✨ Key Features

  • Built-in Robes
  • Outdoor Area
  • Garage
  • Open-Plan Living
  • Waterfront / Views
  • Secure Parking
  • Home Office / Study
  • Extra Storage (Shed/Linen)
  • Ceiling Fans
  • Open-Plan Living

North Portland is a sought-after coastal suburb known for its strong community vibe, scenic waterways, and convenient access to amenities. It offers excellent walkability, a relaxed lifestyle, and significant growth potential, making it ideal for investors and families alike. The area features a mix of established homes and new developments, with proximity to beaches, parks, and local services. Its blue-chip reputation ensures long-term capital growth and rental demand, making it a prime location for property investment.

What is the current condition of the units and land?
The units are well-maintained and move-in ready, with the land being in excellent condition, offering a solid foundation for future development.
What are the zoning and development restrictions for the vacant front lot?
The vacant lot is subject to S.T.C.A., allowing for potential construction of an additional unit, subject to council approval and compliance with local zoning regulations.
Are there any existing planning permits or approvals in place?
Current approvals are not specified; prospective buyers should verify with local council regarding permits and development approvals.
What is the rental income and lease status of the units?
The units are currently leased, providing a solid rental income, with an approximate return of 6.2%.
Are there any known issues or defects with the property?
There are no known issues or defects reported; inspections are recommended for a thorough assessment.
Are there any hidden costs associated with future development or strata arrangements? Has the property been affected by flooding, bushfire risks, or other environmental hazards? Are there any restrictions or easements on the land that could impact development plans? What are the zoning regulations and building height limits for the vacant lot? Is there any ongoing or upcoming construction activity in the vicinity that could affect the property?

81 Browning Street, Portland, Vic 3305 - More Details

$1,000,000

Positioned in sought-after North Portland, 81 Browning Street presents a rare and versatile investment opportunity set on an expansive approx. 1,589m² allotment. Comprising five titles in total, the property includes four well-maintained two-bedroom units plus a vacant front lot, offering immediate income with exciting future development potential (S.T.C.A.). Each unit is thoughtfully designed with two bedrooms featuring built-in robes, a combined dining and living area, functional kitchen, private courtyard and individual carport, providing comfortable, low-maintenance living for tenants. With leases currently in place, the property delivers a solid return of approximately 6.2%, making it an attractive addition to any investment portfolio. The substantial land holding and separate titles open the door for further development, with the vacant front allotment providing scope to construct an additional unit (S.T.C.A.), enhancing both rental yield and long-term capital growth. This multi-dwelling property is a standout opportunity for investors seeking strong returns, future development potential and a blue-chip coastal location. Contact Assets Real Estate today to book your inspection.
Type
Block Of Units
Bedrooms
8
Bathrooms
4
Parkings
5
Area
1,589 m²

Price guide

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