For Sale

51 New Street, Portland, Vic 3305

$395,000

House

Type

Bedrooms

Bathrooms

952 m²

Area

Published on Tuesday, June 30, 2026 ( See property details for 51 New Street, Portland, Vic 3305)

$395,000

View the agent price guide.

Nash Wollard - Real Estate Agent - Portland Seaview Real Estate

Nash Wollard Agents Rep / Sales Consultant

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AI Property Insight

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

A versatile Portland property on a large 952m² block with two dwellings, offering excellent renovation, investment, and redevelopment opportunities.

🏡 Property Highlights

Generous 952m² allotment with future development potential (STCA)
Two separate dwellings offering flexibility for renovation or investment
Established Portland location with promising upside
Opportunity for extension or improvement to maximise property value
Versatile property suitable for renovators, investors, and developers
Potential for redevelopment or subdivision (subject to council approval)

✨ Key Features

Open-Plan Living
Built-in Robes
Outdoor Area
Ensuite
Home Office / Study
Extra Storage (Shed/Linen)
Security Screens / Gates
Fly Screens
NBN / High-Speed Ready
Waterfront / Views

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51 New Street

Portland, VIC 3305

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Suburb and Property Insights of Portland, VIC 3305

Portland is a historic coastal town renowned for its rich maritime heritage, stunning waterfront views, and vibrant community. The suburb offers a relaxed lifestyle with easy access to beaches, parks, and local amenities. Its strategic location makes it ideal for investors and families seeking a peaceful yet connected environment. With ongoing development and growth, Portland presents excellent opportunities for future capital appreciation.

Frequently Asked Questions

What is the condition of the existing dwellings, and are there renovation grants available?

The current dwellings are modest and in need of renovation, with potential to improve and extend. Renovation grants may be available depending on local council programs and eligibility; it's advisable to consult with a renovation specialist or local council.

What are the zoning restrictions and development possibilities for this property?

The property is subject to Portland's local zoning regulations, with potential for redevelopment or subdivision (STCA). It is recommended to review the local council's planning scheme and seek advice from a town planner for specific development options.

Are there any known issues or restrictions, such as easements or flood risks?

There are no publicly known easements or flood risks associated with this property. However, a detailed property report and land survey are recommended to confirm any restrictions or risks before purchase.

What are the ongoing costs associated with owning this property?

Ongoing costs may include council rates, water rates, insurance, and maintenance. As the property comprises two dwellings, these costs could be higher than a standard single residence.

Is there potential for subdivision or further development on this site?

Yes, the large land size and dual dwelling setup offer potential for subdivision or redevelopment, subject to council approval and compliance with local planning regulations.

What to ask about this property to agent?

Are there any hidden costs or upcoming council levies associated with the property? Has the property been affected by any recent flooding, bushfire, or environmental issues? Are there any restrictions or covenants that could limit redevelopment or renovation plans? What is the history of the property regarding structural issues or repairs? Are there any planned nearby developments or construction projects that could impact the property’s value or lifestyle? Is the property compliant with all local building codes and regulations? Are there any easements or rights of way that could affect future use or development? What are the zoning restrictions and are there any planned changes? Are there any strata or community title considerations, if applicable? What are the long-term prospects for land value appreciation in this area?

51 New Street, Portland, Vic 3305 - More Details

$395,000

Type: House
Bedrooms: 3
Bathrooms: 2
Area: 952 m²

Price guide

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