8 Richmond Street, Portland, VIC 3305 | House for sale | OnTheHouse
 
FOR SALE
$545,000

8 Richmond Street
Portland VIC 3305

Bedrooms: 4
Bathrooms: 2
Car spaces: 1
Land area: 755m2
Improve this data
Inspection Times
No upcoming inspections scheduled.
Contact agent to arrange an inspection.
Share
Save

Central Opportunity with Unlimited Potential in Thriving Coastal Town

Situated in the heart of Portland, this versatile property offers a rare chance to secure a prime position in a growing coastal community. Set on a generous 754m² block within a vibrant commercial zone, the residential dwelling has been streamlined into one spacious residence by the current owner, who had plans to further develop the site.
The property has planning permissions and architectural drawings for your benefit designed to take in the natural light and vision of the church Spire and Bluestone & Brick surrounding walls.
Recently purchased as a long-term investment and development opportunity, this is now a regretful sale. The home offers a flexible layout that still holds outstanding potential to be reconfigured back into two separate units, should the next owner wish to explore dual occupancy or income-generating options. Potential Sea views or Port views with a second storey development (STCA).
Whilst requiring renovating on the Northern side, a section of the house can be comfortably lived in with one large bedroom, bathroom, kitchen, lounge and covered in back verandah.
Boasting a highly visible and convenient location, the property is surrounded by some of Portland's most popular attractions-including the Botanical Gardens, Churches, Library, Swimming complex with gym, Schools, Arts Centre-as well as a thriving selection of banks, supermarkets, florists, cafés, and shops. This is an ideal setting for anyone seeking a central base with strong development or commercial potential to run a business from home with easy access to Melbourne & surrounds.
Whether you're looking to live, invest, or create something entirely new, this unique property offers the space, zoning, and location to bring your vision to life.
Opportunities like this in Portland's bustling town centre are few and far between-act quickly to make it yours. Contact one of our agents today on 55223333.
View Statement of Information

Property Details for 8 Richmond St, Portland

8 Richmond St, Portland is a 4 bedroom, 2 bathroom House with 1 parking spaces. The property has a land size of 755m2. The place is currently for sale with Assets Real Estate Portland.

Building Type
House
Land Size
755m2
Commute Calculator

About Portland 3305

The size of Portland is approximately 33.5 square kilometres. It has 28 parks covering nearly 6.2% of total area. The population of Portland in 2016 was 9712 people. By 2021 the population was 10016 showing a population growth of 3.1% in the area during that time. The predominant age group in Portland is 60-69 years. Households in Portland are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Portland work in a professional occupation.In 2021, 70.00% of the homes in Portland were owner-occupied compared with 65.20% in 2016.

Portland has 6,685 properties. Over the last 5 years, Houses in Portland have seen a 43.46% increase in median value, while Units have seen a 34.56% increase. As at 31 October 2025:

  • The median value for Houses in Portland is $418,205 while the median value for Units is $274,837.
  • Houses have a median rent of $450 while Units have a median rent of $400.
There are currently 142 properties listed for sale, and 1 property listed for rent in Portland on OnTheHouse. According to Cotality's data, 273 properties were sold in the past 12 months in Portland.

Portland Profile Page

Suburb Insights for Portland 3305

Visit Portland profile page
Market Insights
Portland Trends for Houses
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.
Median Value over 1 year
Portland Trends for Units
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.
Median Value over 1 year
Neighbourhood Insights
Age
Household
Occupancy
No data to show
Visit Portland profile page
Contact agent
agent headshot
Assets Real Estate
Show contact details
Call agent
agent headshot
Angie Steel
Show contact details
Call agent
Assets Real Estate Portland
Preferred contact:
Privacy Policy
Cotality Copyright and Legal Disclaimers about Property Data

© Copyright 2025. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

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.

This product uses cookies and other similar technologies to improve and customise your browsing experience, to tailor content and adverts, and for analytics and metrics regarding visitor usage on this product and other media. We may share cookie and analytics information with third parties for the purposes of advertising. By continuing to use our website, you consent to cookies being used. View our Privacy Policy here.

X

GETTING STARTED