2 Grieves Street, Newport, VIC 3015 | BlockOfUnits for sale | OnTheHouse
 
FOR SALE
$1,600,000 - $1,700,000

2 Grieves Street
Newport VIC 3015

Bedrooms: 9
Bathrooms: 8
Car spaces: 7
Land area: 1012m2
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Sat 20 Dec 12:30 pm
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Quarter-Acre, Seven Dwellings, Vacant Possession, Once-in-a-Generation Opportunity on over 1,000sqm!

Properties of this scale simply do not hit the open market in Newport. Held tightly within the same family for generations, 2 Grieves Street is one of the most significant and versatile landholdings to be offered in the inner west for many years. Positioned on a commanding 1,000sqm allotment, the property comprises an original 1950s three-bedroom home at the front and six one-bedroom apartments at the rear, all to be sold together and all offered with vacant possession.
This is a rare chance to secure a fully intact multi-dwelling freehold in a location where these assets almost never trade publicly. The existing buildings provide enormous scope to renovate the flats and the main residence to lift returns and create a high-performing, set-and-forget investment. Alternatively, the entire site invites a major redevelopment. With its land size, width and position, the property presents the possibility for a larger multi-dwelling project exceeding the current seven residences, subject to council approval. For those with a long-term vision, it also offers the perfect canvas to clear the site and create a landmark family estate with Loft Reserve as your neighbour.
The location elevates the offering even further. Situated just off Blenheim Road and moments from one of the area's primary places of worship, this pocket is highly regarded for its community connection, cultural significance and everyday convenience. Proximity here is prized and rarely available, making this address especially desirable to buyers seeking closeness to key lifestyle and spiritual amenities.
From Grieves Street, you can walk to Newport Lakes, one of the west's most popular green spaces. Williamstown's beaches, restaurants and foreshore are only minutes away. Newport Station provides fast city access. Local cafés, grocers and village shopping are close at hand. Schools and recreation options round out a lifestyle that blends community warmth with inner-suburban energy. It's no surprise Newport continues to rise as one of Melbourne's most sought-after lifestyle hubs.
But it's the scale, flexibility and future possibilities that make 2 Grieves Street extraordinary. A full quarter-acre with seven dwellings in a premium pocket next to parkland and key community landmarks is almost impossible to replicate. Whether you choose to optimise the existing dwellings, reposition the investment, expand with a larger project or build a forever home on one of the best sites in the suburb, the upside here is undeniable.
This is a generational Newport opportunity. The kind that will not be offered again.
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Property Details for 2 Grieves St, Newport

2 Grieves St, Newport is a 9 bedroom, 8 bathroom BlockOfUnits with 7 parking spaces. The property has a land size of 1012m2. The place is currently for sale with Ray White Altona.

Building Type
BlockOfUnits
Land Size
1012m2
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About Newport 3015

The size of Newport is approximately 5.2 square kilometres. It has 22 parks covering nearly 15.4% of total area. The population of Newport in 2016 was 12916 people. By 2021 the population was 13658 showing a population growth of 5.7% in the area during that time. The predominant age group in Newport is 40-49 years. Households in Newport are primarily couples with children and are likely to be repaying $3000 - $3999 per month on mortgage repayments. In general, people in Newport work in a professional occupation.In 2021, 69.50% of the homes in Newport were owner-occupied compared with 69.20% in 2016.

Newport has 6,589 properties. Over the last 5 years, Houses in Newport have seen a 15.25% increase in median value, while Units have seen a 7.20% increase. As at 30 November 2025:

  • The median value for Houses in Newport is $1,224,434 while the median value for Units is $799,488.
  • Houses have a median rent of $700 while Units have a median rent of $620.
There are currently 13 properties listed for sale, and 14 properties listed for rent in Newport on OnTheHouse. According to Cotality's data, 370 properties were sold in the past 12 months in Newport.

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Anthony Anile
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Ben Watson
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Ray White Altona
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