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VIC › Portarlington › Tower Rd

213 Tower Rd, Portarlington VIC 3223

For saleHouse for Sale

$795,000–$850,000

For sale

Asking range

4

Bedrooms

2

Bathrooms

2

Car spaces

619 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $795,000–$850,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $795,000–$850,000(Listing record · 14 July 2026)
  • FactLand 619 m²; no building size recorded.(Property record)
  • CalculationAsk is 2% below the Portarlington median recorded sale ($815,000, n=55, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Portarlington's advertised median rent ($472/wk), implied gross yield would be 3.09% — 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

$795,000–$850,000

Asking range · $1,284/m² of land

No recorded sale for this property.

Portarlington at a glance

5,815

People

$815,000

Median sale

$472/wk

Median rent

3.01%

Suburb gross yield

Median sale from 55 recorded sales (last 12 months) — a Districts calculation.

See the full Portarlington report →

Vs Portarlington

-2.5%

Median sale

Suburb $815,000

+0.08 pp

Gross yield

Suburb 3.01%

Suburb median $815,000 from 55 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
$795,000
Stamp Duty (Victoria)
$42,770
Transfer/Registration Fee
$1,965
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
$843,435

$48,435 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 Portarlington's advertised median rent — not a rent for this listing.

Net yield
1.59%
Annual cashflow (pre-tax)
$-28,721
Interest cover (DSCR)
0.31
Annual rent
$24,544
Operating expenses
$11,925
Loan amount
$636,000
Annual interest
$41,340
Gross yield
3.09%

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$795,000–$850,000available14 July 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 $472/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 3.1%. 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

Portarlington in one glance

Portarlington at a glance

5,815

People

$815,000

Median sale

$472/wk

Median rent

3.01%

Suburb gross yield

Median sale from 55 recorded sales (last 12 months) — a Districts calculation.

See the full Portarlington report →

Keep researching

  • Why Portarlington? Read the area thesis →
  • What else is on the market in Portarlington →
  • Other records on Tower Rd →

Listing material

Listed by Neville Richards Real Estate St Leonards | Portarlington

Council Endorsed Plans for Subdivision and Construction of a Second Dwelling

Being sold with approved plans to subdivide and construct a second dwelling facing Serendipity Place this unique opportunity boasts genuine upside. Perfectly positioned in Portarlington's Arlington Rise Estate, this contemporary four-bedroom residence combines generous proportions, multiple living zones and quality finishes to deliver a home designed for modern family living. Located approximately 1.75km to the sandy beaches of Portarlington and 1.7km to the vibrant retail hub, this property offers the perfect balance of everyday convenience and relaxed coastal living.

Designed with both functionality and entertaining in mind, the heart of the home is the expansive open-plan kitchen, meals and family area. Overlooking the main living space, the well-appointed kitchen features a generous island bench, walk-in pantry, dishwasher and a 900mm freestanding cooker complete with a gas cook-top and electric oven, creating a practical and inviting space for everything from family dinners to entertaining guests.

Providing valuable flexibility for growing families, a separate rumpus room offers the ideal space for a children's retreat, media room, games room or home office, allowing multiple living zones for every stage of family life.

Read the full description

Privately positioned at the front of the home, the spacious master suite is complete with a walk-in wardrobe and private ensuite. The remaining three bedrooms all include built-in robes and are serviced by a stylish central bathroom featuring a double vanity, separate shower and bathtub.

Designed for year-round comfort, the home is equipped with gas ducted heating and reverse-cycle air conditioning, ensuring comfortable living throughout every season.

Adding further practicality, the oversized double garage provides secure internal access while offering additional space ideal for extra storage, a workshop or hobby area.

Outside, the generous backyard provides ample room for children and pets to enjoy. This low-maintenance rear yard is largely a 'blank-canvas' awaiting a loving gardener's touch. With it's corner allotment position, the block caters for the ability to build a large shed in the rear yard allowing for the storage of boats and caravans as required.

Being sold with a Council approved permit and plans for subdivision of the rear yard and construction of a second dwelling for those looking to realise the full potential of the site.

Beyond the home itself, you'll enjoy everything that makes Portarlington one of the Bellarine Peninsula's most desirable coastal communities. Spend weekends at nearby swimming beaches, discover award-winning wineries, cafés and restaurants, explore picturesque coastal walking trails, or take advantage of the Portarlington–Docklands ferry for a convenient commute to Melbourne. It's a lifestyle that continues to attract families, professionals, downsizers and holiday-home buyers alike.

Listing description written by Luke Campbell, Neville Richards Real Estate St Leonards | Portarlington — reproduced as published, not verified by Districts.

Property features

  • Built-in Robes
  • Dishwasher
  • Ducted Heating
  • Ensuites: 1
  • Fully Fenced
  • Rumpus Room
  • Water Tank
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.