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VIC › Portland › Percy St

57 Percy St, Portland VIC 3305

For saleHouse for Sale

$1,300,000

For sale

Asking

4

Bedrooms

3

Bathrooms

1

Car spaces

1,266 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $1,300,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $1,300,000(Listing record · 25 Mar 2026)
  • FactLand 1,266 m²; no building size recorded.(Property record)
  • CalculationAsk is 157% 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 1.93% — 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

$1,300,000

Asking · $1,027/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

+157.4%

Median sale

Suburb $505,000

-3.03 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

Purchase Price
$1,300,000
Stamp Duty (Victoria)
$71,500
Transfer/Registration Fee
$3,146
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
$1,378,346

$78,346 on top of the price (6.0% 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

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

Net yield
0.43%
Annual cashflow (pre-tax)
$-62,036
Interest cover (DSCR)
0.08
Annual rent
$25,064
Operating expenses
$19,500
Loan amount
$1,040,000
Annual interest
$67,600
Gross yield
1.93%

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$1,300,000available25 Mar 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 1.9%. 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 Percy St →

Listing material

Listed by Assets Real Estate

A Rare Piece of History

Introducing 57 Percy Street: A Rare Piece of Portland's History in the Heart of the CBD.

Opportunities like this don't come around often. Nestled in the vibrant heart of Portland's Central Business District, 57 Percy Street stands as a testament to the city's rich history. This single-storey bluestone and weatherboard dwelling, originally established in 1868 by town councillor and mayor Joseph Marriott as a drapery store, has seen generations pass through its doors. In 1896, it underwent a transformation under the stewardship of John Campbell, becoming Campbell's drapery store, further engraining itself in the fabric of the community. Today, 57 Percy Street offers more than just a glimpse into the past; it presents a unique opportunity to own a piece of Portland's heritage. Boasting a generous 1265m2 allotment, this property combines commercial street frontage along Percy Street with the charm of a substantial residence. Currently operating as a successful Airbnb, this turnkey investment promises both immediate returns and long-term potential. Step inside, and you'll discover a residence that seamlessly blends historic character with modern comfort. The main dwelling has undergone recent upgrades and features two spacious living areas, four bedrooms, and three bathrooms, providing ample space for both residents and guests alike. Whether you're entertaining in the elegant formal living room or unwinding in the cozy family room, every corner of this home exudes warmth and hospitality. Beyond the main residence lies a private oasis, complete with a sealed driveway, original stables, and an expansive grassed area at the rear of the property. Here, you'll find ample space for outdoor gatherings, gardening, or simply enjoying the tranquillity of your surroundings. With its unique combination of commercial potential and residential charm, 57 Percy Street offers endless possibilities for investors, business owners, and homeowners alike.

Don't miss your chance to own a piece of Portland's history. Contact Assets Real Estate today to learn more about this exceptional property and secure your place in the legacy of 57 Percy Street.

Listing description written by Assets Real Estate, Assets Real Estate — reproduced as published, not verified by Districts.

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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.