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118 Must Street, Portland, Vic 3305 For Sale
118 Must Street, Portland, Vic 3305 118 Must Street, Portland, Vic 3305-Image 118 Must Street, Portland, Vic 3305-Image 118 Must Street, Portland, Vic 3305-Image

118 Must Street, Portland, Vic 3305

$1,200,000

Residential Land
Type
1.29 ha
Area

Published on Tuesday, March 03, 2026 ( See property details for 118 Must Street, Portland, Vic 3305)

$1,200,000

Assets Real Estate - Real Estate Agent - Assets Real Estate - Portland and Heywood
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Stuart Wakely - Real Estate Agent - Assets Real Estate - Portland and Heywood
Stuart Wakely Sales Consultant - Licensed Estate Agent - Bachelor of Property
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  • AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A substantial 3.2-acre parcel of residential land in Portland's growth corridor, offering versatile development potential and prime location convenience.

🏡 Property Highlights

  • Expansive 3.2-acre parcel of land in a thriving growth corridor
  • Flexible GRZ1 zoning suitable for various development options (STCA)
  • Prime location close to Portland's main school hub and town amenities
  • Ideal for future development with generous proportions
  • Strong investment potential in a rapidly growing area
  • Convenient access to local recreational facilities like Portland Memorial Bowling Club

✨ Key Features

  • Waterfront / Views
  • Open-Plan Living
  • Dual Living
  • Home Office / Study
  • Outdoor Area
  • Built-in Robes
  • Garage / Secure Parking
  • Security Screens / Gates
  • Fly Screens
  • NBN / High-Speed Ready

Portland is a vibrant coastal town renowned for its rich history, scenic waterfront, and strong community spirit. The suburb offers excellent access to local schools, recreational facilities, and essential amenities, making it an ideal location for families and investors alike. Its strategic position within a growth corridor ensures ongoing development and increasing property values. Residents enjoy a relaxed lifestyle with stunning natural surroundings and a welcoming atmosphere.

What are the potential development options for this land?
Subject to council approval, the land offers versatile development opportunities including residential housing, multi-unit complexes, or other STCA projects, leveraging its flexible GRZ1 zoning.
Is there existing infrastructure on the property?
As this is vacant land, infrastructure such as water, electricity, and sewer connections will need to be established or confirmed with local authorities.
What are the zoning restrictions and planning controls?
The property is zoned GRZ1, which allows for a range of residential development options subject to council approval and compliance with local planning regulations.
Are there any environmental or bushfire risks?
Potential buyers should conduct a site-specific assessment for environmental or bushfire risks, as these are not detailed in the current listing.
What is the process for obtaining development approval?
Development approval involves submitting plans to the local council for assessment and approval, which may include community consultation and compliance checks.
Are there any existing easements, covenants, or restrictions on the land that could affect future development? Has a recent land survey been conducted to confirm boundaries and land size? Are there any planned infrastructure projects or zoning changes in the area that could impact the property's value? What are the council requirements and approval timelines for development applications? Are there any known environmental issues or contamination on the site? Is the property located within a flood or bushfire-prone zone? Are there any nearby construction activities or developments that could cause noise or disruption? What are the ongoing costs associated with land ownership, such as rates and maintenance? Is there any existing planning or building approval history for the site? Are there restrictions on the type or size of structures that can be built on the land?

118 Must Street, Portland, Vic 3305 - More Details

$1,200,000

Positioned within a thriving growth corridor, this expansive 3.2 acre parcel of GRZ1-zoned land presents an outstanding opportunity for future development (STCA). Ideally located close to Portland's main school hub, the Portland Memorial Bowling Club and key town amenities, the property offers both convenience and strong investment appeal. With generous proportions and flexible zoning, this is a prime site suited to a range of potential development outcomes (subject to Council approval).

Contact our office today to explore the possibilities!
Type
Residential Land
Area
1.29 ha

Price guide

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