116-124 Princes Street, Port Melbourne, VIC 3207 | Property Value & History | OnTheHouse
OFF MARKET

116-124 Princes Street
Port Melbourne VIC 3207

Bedrooms: 2
Bathrooms: 2
Car spaces: 2
Land area: 1508m2
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Property Details for 116-124 Princes St, Port Melbourne

116-124 Princes St, Port Melbourne is a 2 bedroom, 2 bathroom House with 2 parking spaces and was built in 2002. The property has a land size of 1508m2. While the property is not currently for sale or for rent, it was last sold in August 2024.

Building Type
House
Year Built
2002
Land Size
1508m2
Local Government
Port Phillip
Lot/Plan
4/PS428544

Last Listing description (August 2024)

Just a leisurely two minute walk from all the action of Bay Street and the glorious open expanses of the waterfront, this impressively sized, two bedroom, two bathroom townhouse is a first-class lifestyle abode within the highly sought-after, Gonzalo Ascui-designed Princes Views development. Accessed independently, with its own street frontage and secure non-stacker basement parking for two vehicles, this timelessly stylish home is effortless to maintain in an absolute dream inner-bayside location. Underpinned by a Bosch and Miele-equipped kitchen with granite benches, the open-plan dining / living room is warmed by a large gas log fireplace, all with timber-toned flooring and plantation shutters that frame leafy garden vistas. Meanwhile, the bedrooms are each set upstairs - well away from the living areas each with built-in robe storage and shared access to a convenient study nook. Further highlights of this bright and airy home include a semi-ensuite upstairs and a downstairs bathroom, as well as a European laundry, security alarm, split system heating and air conditioning. Where waterfront bliss meets inner city sophistication, this is one of Melbournes premier bayside positions within walking distance of so many cafes, restaurants, bars and shops both along Bay Street and at Beacon Cove, plus you have easy city and Southbank access via the light rail and endless jogging, walking and cycling trails along the waterfront.

Property History for 116-124 Princes St, Port Melbourne, VIC 3207

A timeline of how this property has performed in the market
Last Sold
$1,050,000
10 Aug 2024
Listed for Rent
$875/w
05 Jan 2023
  • 10 Aug 2024
    Sold for $1,050,000
  • 19 Jul 2024
    Listed for Sale $1,000,000 - $1,100,000
  • 17 Nov 2022
    Listed for Rent $875 / week
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About Port Melbourne 3207

The size of Port Melbourne is approximately 10.1 square kilometres. There are 34 parks, covering nearly 11.2% of the total area. The population of Port Melbourne in 2016 was 16175 people. By 2021 the population was 17633 showing a population growth of 9.0% in the area during that time. The predominant age group in Port Melbourne is 30-39 years. Households in Port Melbourne are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Port Melbourne work in a professional occupation.In 2021, 54.30% of the homes in Port Melbourne were owner-occupied compared with 50.50% in 2016.

Port Melbourne has 13,439 properties. Over the last 5 years, Houses in Port Melbourne have seen a -4.39% decrease in median value, while Units have seen a -0.59% decrease. As at 30 June 2026:

  • The median value for Houses in Port Melbourne is $1,684,150 while the median value for Units is $837,951.
  • Houses have a median rent of $900 while Units have a median rent of $730.
There are currently 9 properties listed for sale, and 17 properties listed for rent in Port melbourne on OnTheHouse. According to Cotality's data, 534 properties were sold in the past 12 months in Port melbourne.

Suburb Insights for Port Melbourne 3207

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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.