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VIC › Portland › Park St

16 Park St, Portland VIC 3305

House

$490,000

Last sold

27 July 2026

3

Bedrooms

2

Bathrooms

1

Car spaces

1,011 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

What should you know about this lot before spending serious money?

Why this property?

  • FactLast recorded sale $490,000 (27 July 2026).(Recorded sale)
  • FactLand 1,011 m²; no building size recorded.(Property record)
  • CalculationRecorded House sales in Portland (last 5 years) with land size: median $633/m² of land (n=128). Districts calculation from recorded sales — not a valuation.(Districts recorded sales)

What could make it worth more?

  • FactZoned GENERAL RESIDENTIAL ZONE - SCHEDULE 1 (GRZ1) under the ZN.(Vicmap Planning · 31 Aug 2026)

What could make it worth less?

  • FactBUSHFIRE MANAGEMENT OVERLAY - SCHEDULE 1 intersects 99.8% of this parcel.(Vicmap Planning · 31 Aug 2026)

What should you verify next?

  1. 1BUSHFIRE MANAGEMENT OVERLAY - SCHEDULE 1 affects this parcel — verify the mapped extent against the title / planning certificate before relying on unaffected land.
  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

What this lot has actually traded at

Last sold

$490,000

27 July 2026 · derived via latest_sale

Local land rate: recorded House sales in Portland (last 5 years) with land size have a median of $633/m² of land (n=128). Districts calculation from recorded sales — not a valuation.

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

-3.0%

Median sale

Suburb $505,000

+0.16 pp

Gross yield

Suburb 4.96%

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

Planning

Planning and development

Planning scheme

ZN

Zone

GENERAL RESIDENTIAL ZONE - SCHEDULE 1

GRZ1

Jurisdiction

Glenelg

Glenelg, VIC

Planning overlays

  • environmentalDetected

Development activity

Data unavailable

Source

  • Provider: Vicmap Planning
  • Dataset: PLAN_ZONE
  • Retrieved: 31 Aug 2026
  • Version: 1
  • Parcel: 5132237

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

Detected — official

The official layer maps a bushfire risk zone on this parcel, intersecting about 99.8% of it (Vicmap Planning, retrieved 31 Aug 2026). Verify the extent against the title before relying on unaffected land.

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. Sold$490,00027 July 2026
  2. Listedprice unknowncompleted14 May 2026
  3. Listedprice unknowncompleted14 May 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?

Confidence: medium

Zoned GENERAL RESIDENTIAL ZONE - SCHEDULE 1 · GRZ1 (ZN). Official parcel area about 1,013 m². Dual occupancy is not confirmed from the controls loaded for this lot. Two-lot subdivision is unknown without minimum lot size and frontage. This is a screen, not a planning certificate. Zoning and lot facts are a starting point, not proof this lot outperforms the suburb. Funded catalyst catchments are not loaded. A TOD badge is not this product.

What could kill that thesis?

Confidence: low

Flood overlay has not been queried for this lot. Missing layer is unknown, not “no.” Minimum lot size is not loaded, so two-lot subdivision is not confirmed. Official parcel about 1,013 m² — land size can look like optionality. What reduces it: BUSHFIRE MANAGEMENT OVERLAY - SCHEDULE 1. Bushfire-prone land can add BAL construction cost and tighten insurer appetite. 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

Yield cannot be shown without both a price and a rent figure. Net yield is not estimated from gross advertising copy. 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.

3 of 10 questions answered so far

  • Development optionality of this lot

    Knownmedium

    Zoned GENERAL RESIDENTIAL ZONE - SCHEDULE 1 · GRZ1 (ZN). Official parcel area about 1,013 m². Dual occupancy is not confirmed from the controls loaded for this lot. Two-lot subdivision is unknown without minimum lot size and frontage. This is a screen, not a planning certificate.

  • 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?

    Knownlow

    Official parcel about 1,013 m² — land size can look like optionality. What reduces it: BUSHFIRE MANAGEMENT OVERLAY - SCHEDULE 1. Bushfire-prone land can add BAL construction cost and tighten insurer appetite.

  • Lot-level flood

    Unknown

    Flood overlay has not been queried for this lot. 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

    No DA adapter returned applications 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 Park St →

Listing material

Listed by Portland Seaview Real Estate

The Perfect Home

Positioned in a highly sought-after pocket of Portland West on a generous 1,011m² allotment, this brick veneer home presents a fantastic opportunity for first home buyers, young families or savvy investors. Located directly across from the Westerns Football & Netball Club grounds and the Portland BMX track, and only a short drive to schools and local amenities, the property combines convenience with relaxed family-friendly living.

Inside, the home offers a practical and inviting layout with multiple living spaces to enjoy, enhanced by cathedral ceilings that create a wonderful sense of space and natural light. The open-plan kitchen and dining area features electric cooking and ample functionality, while a gas heater in the dining space provides warmth through the cooler months. The main living room is fitted with a split system for year-round comfort and connects directly to the master bedroom, complete with a walk-in robe and ensuite.

The two additional bedrooms both include built-in robes and are serviced by a central bathroom featuring a shower over bath, while a separate powder room adds extra convenience for family living and guests alike. At the rear of the home, a second living area enjoys beautiful north-facing natural light and flows seamlessly through to the outdoor alfresco entertainment area, creating the perfect setup for family gatherings and entertaining guests.

Read the full description

Outside, the large backyard provides plenty of room for children and pets to enjoy, while the spacious undercover entertaining area and garden shed add further practicality. A single car garage with front and rear roller doors also provides convenient drive-through backyard access, adding extra functionality to this well-rounded property.

Whether you’re searching for your first home, a family-friendly upgrade or a smart investment opportunity, this property is packed with potential. Contact exclusive agent Nash Wollard on 0460 877 718 or the team at Seaview Real Estate on (03) 5523 3822 to arrange an inspection.

Listing description written by Nash Wollard, Portland Seaview Real Estate — reproduced as published, not verified by Districts.

Property features

  • Air Conditioning
  • Built-in Robes
  • Fully Fenced
  • Gas Heating
  • Shed
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.