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VIC › Portland › Cavendish St

15 Cavendish St, Portland VIC 3305

For saleHouse for Sale

$1,000,000–$1,100,000

For sale

Asking range

5

Bedrooms

2

Bathrooms

2

Car spaces

1,028 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $1,000,000–$1,100,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $1,000,000–$1,100,000(Listing record · 7 Aug 2026)
  • FactLand 1,028 m²; no building size recorded.(Property record)
  • CalculationAsk is 98% above the Portland median recorded sale ($505,000, n=181, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Portland's advertised median rent ($482/wk), implied gross yield would be 2.51% — this is not a rent for this listing.(Districts scenario calculation)

What could make it worth more?

No upside evidence detected in the data Districts holds for this lot.

What could make it worth less?

No detected risks — but see the checklist: absence of evidence is not an all-clear.

What should you verify next?

  1. 1Official planning layers are still retrieving for this parcel — check back before relying on zoning or overlay absence.
  2. 2No hazard layer has been retrieved — confirm flood, bushfire and heritage exposure from council mapping before an offer.

Each line above is labelled. A fact is quoted from the named source, with its date. A calculation is worked out by Districts from those facts — you can check the arithmetic. An interpretation is Districts' opinion of what the evidence means, not a fact, a valuation, or advice. Anything we haven't retrieved yet is marked as missing rather than treated as a pass.

Price evidence

The ask against the evidence

Asking

$1,000,000–$1,100,000

Asking range · $973/m² of land

No recorded sale for this property.

Portland at a glance

9,868

People

$505,000

Median sale

$482/wk

Median rent

4.96%

Suburb gross yield

Median sale from 181 recorded sales (last 12 months) — a Districts calculation.

See the full Portland report →

Vs Portland

+98.0%

Median sale

Suburb $505,000

-2.45 pp

Gross yield

Suburb 4.96%

Suburb median $505,000 from 181 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Total cost to purchase

Based on the low end of the asking range, not a contract price.

Purchase Price
$1,000,000
Stamp Duty (Victoria)
$55,000
Transfer/Registration Fee
$2,444
Mortgage Registration (est., if financed)
$200
Legal & Conveyancing (est.)
$2,000
Building & Pest Inspection (est.)
$700
Rates & Water Adjustment at Settlement (est.)
$800
Total cash required
$1,061,144

$61,144 on top of the price (6.1% extra)

  • Stamp Duty (Victoria)
  • Transfer/Registration Fee
  • Mortgage Registration
  • Legal & Conveyancing
  • Building & Pest Inspection
  • Rates & Water Adjustment

Estimates only, at standard investor rates — no first-home or owner-occupier concessions applied. Not included: lenders mortgage insurance (usually applies when borrowing more than 80% of the price), loan application and settlement fees from your lender, the foreign-purchaser duty surcharge, and building insurance — in Queensland the property is at your risk from the first business day after signing, not from settlement. Verify with your conveyancer.

Stamp duty and transfer fees: Victoria schedules from 2026-07-01. Ongoing council rates and land tax are not included.

Rental yield

Based on the low end of the asking range, not a contract price.

Pre-filled with Portland's advertised median rent — not a rent for this listing.

Net yield
1.01%
Annual cashflow (pre-tax)
$-41,936
Interest cover (DSCR)
0.19
Annual rent
$25,064
Operating expenses
$15,000
Loan amount
$800,000
Annual interest
$52,000
Gross yield
2.51%

Gross yield is weekly rent × 52 ÷ price. Net yield subtracts operating expenses. Cashflow then subtracts interest-only interest on price × LVR. Tax, vacancies, and principal repayments are not included.

Open the full yield calculator →

Planning

Planning and development

Planning data is being calculated

Development activity

Data unavailable

Source

  • Provider: unavailable
  • Dataset: unavailable
  • Retrieved: not yet retrieved
  • Version: planning-v1

Planning facts are copied from official government GIS where available. Where an official property PDF exists (VicPlan, PlanBuild), Districts stores and serves that original document. Neither is a planning certificate, survey, or advice.

Site

Terrain

Terrain has not been calculated for this property yet.

Slope is calculated on a projected metric grid from a public DEM clip of the official parcel. This is not a survey, engineering, or insurance assessment.

Flood, bushfire and heritage

i

Flood

Not retrieved

Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Bushfire

Not retrieved

Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Heritage

Not retrieved

Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Records

Property history

  1. Listed$1,000,000–$1,100,000available7 Aug 2026

Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.

Capital growth

VIC

Why this lot, not just this suburb

Why could this property outperform?

Planning layers have not been retrieved for this property yet. A suburb median or growth rate is not a reason this particular lot would outperform. Funded catalyst catchments are not loaded. A TOD badge is not this product.

What could kill that thesis?

Confidence: low

Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” Victoria has no public statewide property-level DA API. Nearby pipeline is unknown.

Rental

Income, competition, and yield

What will it realistically rent for?

Confidence: low

No advertised rent is recorded. Suburb median rent $482/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.

What competition will it face?

Current comparable rental listings within 400 m of this lot are not loaded. Victoria has no public statewide property-level DA API. Nearby pipeline is unknown. Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded. Suburb vacancy or leased-tape days are not this property’s competition.

What does the yield actually look like?

Confidence: low

Gross yield if leased at the suburb aggregate is 2.5%. The yield that matters is the one on achieved rent, which has not been inferred for this address. Net yield (land tax, rates, insurance, vacancy) is not loaded. Net yield / holding costs are not estimated outside NSW without inventing land tax.

Verdict

What this means for this property

Districts view

Not enough official evidence yet to underwrite this as an investment.

Detail

The same ten questions apply to every property. Missing flood, nearby DAs, achieved rents, or lot geometry is unknown — not “no.”

Read more

Do not treat a suburb median, an advertised yield, or a listing score as the case for this lot.

The evidence loaded so far isn't enough on its own to change a buy, offer, or walk-away decision for this property.

Evidence

What is known for this property

Districts asks the same ten questions of every property. If one shows as unknown, that data isn't published for this state or hasn't been loaded yet — the question stays visible so you can see exactly what's missing.

1 of 10 questions answered so far

  • Development optionality of this lot

    Unknown

    Planning layers have not been retrieved for this property yet.

  • Nearby development pipeline

    Unknown

    Victoria has no public statewide property-level DA API. Nearby pipeline is unknown.

  • Honest achievable rent

    Knownlow

    This is not “bond data says this address leases for $X.” The comparable figure is a suburb advertised/median rent, not this property. Official bond files (postcode or suburb × type × bedrooms) are not loaded yet.

  • Rental supply pressure

    Unknown

    Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.

  • Why is this cheap?

    Unknown

    The constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.

  • Lot-level flood

    Unknown

    Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”

  • Catalyst exposure

    Unknown

    Funded catalyst catchments are not loaded. A TOD badge is not this product.

  • This lot's DA history

    Unknown

    Development applications have not been queried for this parcel.

  • Statutory land value versus ask

    Unknown

    Statutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.

  • Net yield / holding costs

    Unknown

    Net yield / holding costs are not estimated outside NSW without inventing land tax.

Area

Portland in one glance

Portland at a glance

9,868

People

$505,000

Median sale

$482/wk

Median rent

4.96%

Suburb gross yield

Median sale from 181 recorded sales (last 12 months) — a Districts calculation.

See the full Portland report →

Keep researching

  • Why Portland? Read the area thesis →
  • What else is on the market in Portland →
  • Other records on Cavendish St →

Listing material

Listed by Hudson Property

Premium Home with Sweeping Ocean & Town Views

Positioned in one of Portland's most sought-after locations, 15 Cavendish Street presents a rare opportunity to secure a substantial family home that has been thoughtfully designed with comfort, functionality and energy efficiency at its heart.

Built by the current owners in 2000, and on a substantial 1,029m2 block, every aspect of this impressive residence has been carefully considered to maximise the stunning outlook, capture abundant natural light throughout the seasons, enhance thermal efficiency and even minimise dust, creating a healthier and more comfortable living environment.

Offering an impressive five bedrooms, a dedicated study, two bathrooms and three separate living areas, this expansive home has been designed to accommodate families of every stage. Whether you have teenagers seeking their own space, extended family living under one roof, needing a spacious holiday home, or simply enjoy entertaining, the versatile floorplan provides room for everyone to live, relax and gather with ease.

Read the full description

Entering the home, you are greeted with stunning Tasmanian Oak floors that transport you to the heart of the home - the spacious open-plan living consisting of the lounge, dining and kitchen. Cathedral ceilings and large windows frame the surrounding outlook while filling the home with beautiful natural light, creating a warm and inviting atmosphere year-round. The indoor living opens up perfectly to the fully enclosed undercover area - the sliding doors open up to the almost massive sunroom like space where you can unwind and enjoy the private and low-maintenance backyard - complete with its own koala from time to time.

Remaining downstairs, you will find 3 spacious bedrooms with built in robes plus a dedicated study, recently updated main bathroom, laundry with storage fit for royalty, and direct access to the garage.

The privately positioned king size main bedroom serves as a peaceful retreat, complete with ensuite and walk in robe - of course - BUT this master suite has direct access to the balcony where the views come into play. Alongside the bedroom is another private living room - also with balcony access - and another bedroom which could also be utilised as an office, keeping the entire upstairs for just the parents!

Outside, the home continues to impress with a secure double garage with additional room for a workshop and a rear door to access the backyard.

The established surrounds offer a wonderful setting to enjoy the peaceful neighbourhood and have been designed to be low maintenance.

Combining generous proportions, intelligent design and quality location, this is a home that will comfortably accommodate your family for many years to come. Whether you're looking to upsize, accommodate multiple generations or secure your forever home, 15 Cavendish Street delivers an exceptional lifestyle opportunity that is as practical as it is impressive.

NB: Boundary lines are an approximate only

Listing description written by Nikki Hudson, Hudson Property — reproduced as published, not verified by Districts.

Property features

  • Air Conditioning
  • Balcony
  • Built-in Robes
  • Deck
  • Dishwasher
  • Ducted Cooling
  • Ducted Heating
  • Ensuites: 1
  • Floorboards
  • Fully Fenced
  • Living Areas: 3
  • Outdoor Entertaining
  • Remote Garage
  • Reverse Cycle Aircon
  • Secure Parking
  • Study
  • Toilets: 2
  • Workshop
Districts

Australian property research from recorded sales, listings, and official layers. Missing data is shown as unavailable, never filled in.

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Research purposes only. Not personal financial advice, a valuation, or a planning certificate. Always speak to a licensed financial adviser before you act.