54 Portman Street, Oakleigh, VIC 3166 | Property Value & History | OnTheHouse
OFF MARKET

54 Portman Street
Oakleigh VIC 3166

Bedrooms: 2
Bathrooms: -
Car spaces: -
Land area: 188m2
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Property Details for 54 Portman St, Oakleigh

Building Type
Commercial
Land Size
188m2
Local Government
Monash
Lot/Plan
3/LP29946

Last Listing description (June 2026)

RWC (Oakleigh) is pleased to offer 54 Portman Street, Oakleigh for Lease.

Positioned immediately next to the entrance of Oakleigh Central Shopping Centre, this high-exposure retail opportunity benefits from constant pedestrian flow and strong surrounding amenity. The property provides a flexible open-plan ground floor retail area complemented by first-floor accommodation, making it suitable for a range of retail and hospitality uses (STCA).


The building comprises 160m²* ground floor plus 57m²* first floor, totaling 217m²*. With a wide 7m frontage*, three-phase power, and Commercial 1 Zoning, the property offers excellent functionality for incoming operators seeking profile, flexibility and immediate occupation.

Key Features:

• Total building area|217m²*
• Ground floor|160m²*
• First floor|57m²*
• Prime position beside Oakleigh Central
• High foot traffic retail location
• Open plan and flexible ground floor layout
• Wide 7m* frontage with strong street presence
• Three-phase power
• Commercial 1 Zone (C1Z)
• On-street parking available
• Suitable for retail and hospitality uses (STCA)
• Available now

Location & Connectivity

54 Portman Street sits in the heart of Oakleigh's established retail and hospitality precinct, directly adjoining Oakleigh Central Shopping Centre and surrounded by national retailers, cafes and daily-needs services.

• 2 min* walk to Oakleigh Station
• Easy access to Princes Highway and Warrigal Road
• Strong local residential catchment and established commercial activity

For further information please contact:

Ryan Amler|0401 971 622
Jonathan On|0479 003 122

*All areas and figures are approximate only. All boundaries are indicative only. All precaution has been taken to establish the accuracy of all information but does not constitute any representation by the Vendor or Agents.

Property History for 54 Portman St, Oakleigh, VIC 3166

A timeline of how this property has performed in the market
Last Transferred
27 Apr 2026
Listed for Rent
$1.15k/w
12 May 2026
  • 27 Apr 2026
    Transferred
  • 06 Feb 2026
    Listed for Rent $59,990 / year
  • 22 Jun 2021
    Sold for $550,000
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About Oakleigh 3166

The size of Oakleigh is approximately 3.5 square kilometres. There are 11 parks, covering nearly 10.8% of the total area. The population of Oakleigh in 2016 was 7893 people. By 2021 the population was 8442 showing a population growth of 7.0% in the area during that time. The predominant age group in Oakleigh is 20-29 years. Households in Oakleigh are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Oakleigh work in a professional occupation.In 2021, 62.70% of the homes in Oakleigh were owner-occupied compared with 64.40% in 2016.

Oakleigh has 5,623 properties. Over the last 5 years, Houses in Oakleigh have seen a -7.37% decrease in median value, while Units have seen a -4.34% decrease. As at 31 July 2026:

  • The median value for Houses in Oakleigh is $1,230,085 while the median value for Units is $610,699.
  • Houses have a median rent of $715 while Units have a median rent of $625.
There are currently 16 properties listed for sale, and 20 properties listed for rent in Oakleigh on OnTheHouse. According to Cotality's data, 201 properties were sold in the past 12 months in Oakleigh.

Suburb Insights for Oakleigh 3166

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Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.