342 Bay StreetPort Melbourne VIC 3207
Property Details for 342 Bay St, Port Melbourne
342 Bay St, Port Melbourne is a 5 bedroom, 2 bathroom House with 2 parking spaces and was built in 1967. The property has a land size of 253m2 and floor size of 234m2. While the property is not currently for sale or for rent, it was last sold in May 2018.
Last Listing description (June 2018)
Radiating relaxed contemporary living, this two level residence delivers inner city convenience coupled with a splendid bayside lifestyle. The attractive allotment boasting two street frontages measures approximately 252sqm and represents significant potential for improvement, redesign or redevelopment (STCA). Perfectly comfortable now, the existing well maintained dwelling comprises three zoned living and dining spaces, a generous kitchen offering ample storage, five bedrooms, two bathrooms, study and a sun drenched balcony, with investment potential bolstered by a rear courtyard and carport accessed via Lyons Street. Impeccably situated on the doorstep of the esteemed Bay Street shopping and dining precinct, this prime address is within walking distance of Port Melbourne Beach, South Melbourne Market and St Vincent Gardens as well as moments from light rail transport, freeway access and the CBD.
Property History for 342 Bay St, Port Melbourne, VIC 3207
- 19 May 2018Sold for $2,403,000
- 24 Apr 2018Listed for Sale Contact Agent
- 30 Mar 2016Transferred
Recent sales nearby
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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 13,384 properties. Over the last 5 years, Houses in Port Melbourne have seen a -0.70% decrease in median value, while Units have seen a 0.22% increase. As at 31 May 2026:
- The median value for Houses in Port Melbourne is $1,727,863 while the median value for Units is $844,356.
- Houses have a median rent of $900 while Units have a median rent of $730.
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