Portland at a glance
2,443
People
$535,000
Median sale
$407/wk
Median rent
3.96%
Suburb gross yield
Median sale from 7 recorded sales (last 12 months) — a Districts calculation.
$520,000
Last sold
4 May 2022
3
Bedrooms
1
Bathrooms
1
Car spaces
1,354 m²
Land
116 m²
Building
Districts View
No detected risks — but see the checklist: absence of evidence is not an all-clear.
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
$520,000
4 May 2022 · derived via latest_sale
Local land rate: recorded House sales in Portland (last 5 years) with land size have a median of $486/m² of land (n=45). Districts calculation from recorded sales — not a valuation.
Portland at a glance
2,443
People
$535,000
Median sale
$407/wk
Median rent
3.96%
Suburb gross yield
Median sale from 7 recorded sales (last 12 months) — a Districts calculation.
Vs Portland
-2.8%
Median sale
Suburb $535,000
+0.11 pp
Gross yield
Suburb 3.96%
Suburb median $535,000 from 7 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
Planning
Planning data is being calculated
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.
Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Records
Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.
Capital growth
NSWPlanning 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.
Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” NSW has a statewide DA API. Nearby (100–800 m) applications are not loaded for this property yet.
Rental
No advertised rent is recorded. Suburb median rent $407/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.
Current comparable rental listings within 400 m of this lot are not loaded. NSW has a statewide DA API. Nearby (100–800 m) applications are not loaded for this property yet. 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. NSW net yield needs land tax and VG inputs that are not loaded. Gross yield from listings is not net yield.
Verdict
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.”
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
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
UnknownPlanning layers have not been retrieved for this property yet.
Nearby development pipeline
UnknownNSW has a statewide DA API. Nearby (100–800 m) applications are not loaded for this property yet.
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?
UnknownThe constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.
Lot-level flood
UnknownOfficial flood overlay has not been retrieved (pending). 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
UnknownDevelopment applications have not been queried for this parcel.
Statutory land value versus ask
UnknownNSW Valuer General land values are not loaded for this property yet.
Net yield / holding costs
UnknownNSW net yield needs land tax and VG inputs that are not loaded. Gross yield from listings is not net yield.
Area
Portland at a glance
2,443
People
$535,000
Median sale
$407/wk
Median rent
3.96%
Suburb gross yield
Median sale from 7 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Hartley Realty & LifestyleAt a glance;
- First time offered for sale in 68 years
- Short walk to Portland town centre and iconic features
- Striking statement 80's architecture
- A wood burner combined with gas options maintain temperatures throughout the entire home
- Functional kitchen with cupboard space, and nearby dining area
- Well maintained bathroom with a toilet and shower
- Beautiful long hallways
- Sweet front porch that is perfect for soaking in the seasons with a concrete path
- Lovely secure, low maintenance backyard ideal for year-round entertaining with landscaped spaces
- Outdoor brick BBQ, and water view aspect, with a second toilet and more
- Great garage with a huge amount of additional concreted, off-street parking
- Renovate or extend (STCA) and secure your 'water-views' lifestyle
- Ideal for families, downsizers, tree changers, first home buyers, investors and those interested in growing their short-term accommodation portfolio
Set quietly on the high side of the street, the front of the home overlooks the peaceful common and to the back of the home, enjoy stunning water views. Making it easy to see why the 1354 square metre property has been kept in the same family for 68 years.
Time honouring decor blends with the solid traditional floor plan to offer a low maintenance lifestyle of versatility, comfort & privacy in a premium position.
Warmed by the wood burner, then complimented by gas heating and carpeted throughout, including the three bedrooms. This comfortable home presents a beautifully maintained and original space.
A stroll from the heart of Portland. The three-bedroom family home is meticulously maintained, and most rooms enjoy beautiful views.
To make 45 Ridge Street, Portland home, please call (02) 6355 2002 to arrange a private inspection.
From all of us at HR Realtors & Lifestyle Property Specialists, we wish you every success in your search for your new property. If you would like more details on this land or to chat about one of the many other properties available, please call or email us today at (02) 6355 2002; we'd love to talk more.
Disclaimer: HR Realtors & Lifestyle Property Specialists believe that all information contained herein be true & correct to the best of our ability & in no way misleading; however, all interested parties are advised to carry out their own enquiries and relevant searches.
The price of this property is listed in Australian Dollars (AUD) at the beginning of this description, and that should be used as a price guide for this property.
Please call (02) 6355 2002 to arrange a private inspection.
Listing description written by Kristie Trouchet-Nilsson, Hartley Realty & Lifestyle — reproduced as published, not verified by Districts.