42 Otway Street, Portland, Vic 3305-Image

For Sale

42 Otway Street, Portland, Vic 3305

$690,000

Duplex/Semi-detached

Type

Bedrooms

Bathrooms

Parkings

902 m²

Area

Published on Friday, May 08, 2026 ( See property details for 42 Otway Street, Portland, Vic 3305)

$690,000

View the agent price guide.

Nash Wollard - Real Estate Agent - Portland Seaview Real Estate

Nash Wollard Agents Rep / Sales Consultant

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Allan Barrett - Real Estate Agent - Portland Seaview Real Estate

Allan Barrett Director Licensed Estate Agent

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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 fully renovated dual-unit duplex in Portland's central location offering excellent investment and living flexibility with strong rental returns.

🏡 Property Highlights

Fully renovated duplex with modern updates
Strong dual-income potential with $800 weekly rent
Separate private rear yards and driveways for each unit
Located just a short walk from Portland’s CBD
Approved planning permit for individual titles
Flexible living options: live-in or investment

✨ Key Features

Built-in Robes
Open-Plan Living
Ceiling Fans
Split System Heating and Cooling
Gas Cooking
Private Rear Yards
Separate Driveways
Modern Updates
Functional Layouts
Dual Income Potential

Suburb and Property Insights of Portland, VIC 3305

Portland is a vibrant coastal town renowned for its rich history, scenic waterfront, and strong community spirit. The suburb offers excellent amenities, including shops, schools, and recreational facilities, all within easy reach. Its central location provides convenient access to transport links and local attractions, making it ideal for both residents and investors. The area boasts a relaxed lifestyle with a friendly atmosphere and scenic views. With ongoing development and a stable rental market, Portland presents a compelling opportunity for long-term growth.

Frequently Asked Questions

What are the current rental yields for this duplex?

The property currently generates a combined weekly income of $800, providing a strong rental yield suitable for investors seeking reliable income streams.

Are there any restrictions or covenants on the property?

The property has an approved planning permit to place the units on individual titles, offering additional flexibility for future development or subdivision.

What are the ongoing costs associated with the property?

Ongoing costs may include council rates, maintenance, and insurance. Specific details can be provided upon request to assist with your investment planning.

Is the property suitable for long-term tenants?

Yes, the modern updates, functional layouts, and prime location make this duplex highly attractive for long-term tenants seeking comfortable and convenient living.

What is the condition of the property?

The duplex has been fully renovated with modern updates, ensuring a contemporary and well-maintained condition suitable for immediate occupancy or leasing.

What to ask about this property to agent?

Are there any hidden costs or upcoming maintenance expenses not disclosed? Has the property been inspected for structural issues or pests? Are there any zoning restrictions or easements affecting the property? What are the implications of the planning permit for individual titles? Is there any history of flooding or bushfire risk in the area? Are there any planned developments or construction nearby that could impact the property? What are the strata or body corporate arrangements, if applicable? Are there any restrictions on future modifications or extensions? What are the local noise levels and neighbour relations like? Is the property compliant with all current building and safety regulations?

42 Otway Street, Portland, Vic 3305 - More Details

$690,000

Type: Duplex/Semi-detached
Bedrooms: 6
Bathrooms: 2
Parkings: 2
Area: 902 m²

Price guide

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42 Otway Street, Portland, Vic 3305 - Point Of Interest

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42 Otway Street, Portland, Vic 3305

$690,000

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