Port Melbourne at a glance
18,327
People
No data
Median sale
$750/wk
Median rent
No data
Suburb gross yield
VIC › Port Melbourne › Princes St
$1,250,000
Last sold
10 Feb 2024
2
Bedrooms
1
Bathrooms
1
Car spaces
114 m²
Land
Districts View
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
Last sold
$1,250,000
10 Feb 2024 · derived via latest_sale
Local land rate: recorded House sales in Port Melbourne (last 5 years) with land size have a median of $6,636/m² of land (n=3). Districts calculation from recorded sales — not a valuation.
Port Melbourne at a glance
18,327
People
No data
Median sale
$750/wk
Median rent
No data
Suburb gross yield
Planning
Planning scheme
ZN
Zone
NEIGHBOURHOOD RESIDENTIAL ZONE - SCHEDULE 1
NRZ1
Jurisdiction
Port Phillip
Port Phillip, VIC
Data unavailable
Source
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 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 exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
The official layer maps a heritage listed area 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.
Records
Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.
Capital growth
VICZoned NEIGHBOURHOOD RESIDENTIAL ZONE - SCHEDULE 1 · NRZ1 (ZN). Official parcel area about 114 m². Dual occupancy looks constrained by site overlays or terrain. Two-lot subdivision looks unlikely on the loaded constraints. 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.
Flood overlay has not been queried for this lot. Missing layer is unknown, not “no.” Heritage constraint may block demolition or dual occupancy even on a large block. Minimum lot size is not loaded, so two-lot subdivision is not confirmed. The listing may look cheap relative to land or the street. What reduces it: HERITAGE OVERLAY (HO1). Heritage can block demolition and dual occupancy even when land size looks like a site. Victoria has no public statewide property-level DA API. Nearby pipeline is unknown.
Rental
No advertised rent is recorded. Suburb median rent $750/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms. Heritage constraints are a maintenance and alteration cost, not usually a rent premium by themselves.
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.
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
Districts view
Loaded constraints look like they kill a naive land-size story. Pay house money, or walk, until a planner confirms a pathway.
Detail
The listing may look cheap relative to land or the street. What reduces it: HERITAGE OVERLAY (HO1). Heritage can block demolition and dual occupancy even when land size looks like a site.
Nearby competing dwellings and net yield are still unknown.
Evidence
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
KnownmediumZoned NEIGHBOURHOOD RESIDENTIAL ZONE - SCHEDULE 1 · NRZ1 (ZN). Official parcel area about 114 m². Dual occupancy looks constrained by site overlays or terrain. Two-lot subdivision looks unlikely on the loaded constraints. This is a screen, not a planning certificate.
Nearby development pipeline
UnknownVictoria has no public statewide property-level DA API. Nearby pipeline is unknown.
Honest achievable rent
KnownlowThis 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
UnknownSupply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.
Why is this cheap?
KnownmediumThe listing may look cheap relative to land or the street. What reduces it: HERITAGE OVERLAY (HO1). Heritage can block demolition and dual occupancy even when land size looks like a site.
Lot-level flood
UnknownFlood overlay has not been queried for this lot. Missing layer is unknown, not “no.”
Catalyst exposure
UnknownFunded catalyst catchments are not loaded. A TOD badge is not this product.
This lot's DA history
UnknownNo DA adapter returned applications for this parcel.
Statutory land value versus ask
UnknownStatutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.
Net yield / holding costs
UnknownNet yield / holding costs are not estimated outside NSW without inventing land tax.
Area
Port Melbourne at a glance
18,327
People
No data
Median sale
$750/wk
Median rent
No data
Suburb gross yield
Listing material
Listed by Ray White BundooraExquisite Victorian Residence in Prime Port Melbourne Location
Nestled in one of Port Melbourne's most coveted pockets, 247 Princes Street offers an exceptional opportunity to experience quality living in a stunning double-fronted Victorian residence. This sophisticated home is located opposite lush parkland, providing a serene environment while keeping you close to everything that matters.
As you step inside, you'll be immediately drawn to the light-filled living area adorned with built-in shelving, creating a welcoming and functional space. The fully appointed kitchen features stainless steel appliances, making it a dream for aspiring chefs and home cooks alike. The adjacent dining room leads to a private paved courtyard, offering a tranquil outdoor escape. With rear access and a security roller door, this courtyard is a unique feature that sets this home apart.
The master bedroom, complete with built-in robes and feature plantation shutters, exudes a sense of luxury. A second bedroom with a study alcove and plantation shutters provides versatility for your lifestyle needs. The central two-way fully renovated bathroom adds the perfect touch of modern appeal.
This home is equipped with essential comforts, including ducted heating, split system cooling, a separate powder room, and a laundry area for your convenience.
In addition to the superb interior, the location is equally impressive. Princes Street is well-serviced by transport options, bike paths, and a nearby park with an upgraded adventure playground. You'll find yourself just a stone's throw away from the vibrant Bay Street, known for its cosmopolitan cafes and restaurants, as well as the picturesque beachfront, public transport, and all essential amenities.
This is your chance to secure a beautiful piece of Port Melbourne living. Don't miss the opportunity to inspect this stunning Victorian residence that offers quality living in a prime location. Contact us today to arrange a viewing and experience the true essence of this remarkable property.
Land size: 110m2 approx.
Deposit: 10% of the purchase price
Settlement preference: 30/60 days
Rental assessment: $750 per week
Currently rented $750pw - $3,259pcm
Listing description written by Andrew Mizzi, Ray White Bundoora — reproduced as published, not verified by Districts.