342 Bay Street, Port Melbourne, VIC 3207 | Property Value & History | OnTheHouse
 
OFF MARKET

342 Bay Street
Port Melbourne VIC 3207

Bedrooms: 5
Bathrooms: 2
Car spaces: 2
Floor area: 234m2
Land area: 253m2
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Last updated 9 Feb 2026
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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.

Building Type
House
Year Built
1967
Floor Size
234m2
Land Size
253m2
Local Government
Port Phillip
Lot/Plan
5~21/PP3084B

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

A timeline of how this property has performed in the market
Last Sold
$2,403,000
19 May 2018
  • 19 May 2018
    Sold for $2,403,000
  • 24 Apr 2018
    Listed for Sale Contact Agent
  • 30 Mar 2016
    Transferred
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About Port Melbourne 3207

The size of Port Melbourne is approximately 10.1 square kilometres. It has 34 parks covering nearly 11.2% of 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 13,427 properties. Over the last 5 years, Houses in Port Melbourne have seen a -1.39% decrease in median value, while Units have seen a 5.66% increase. As at 31 January 2026:

  • The median value for Houses in Port Melbourne is $1,583,418 while the median value for Units is $849,475.
  • Houses have a median rent of $800 while Units have a median rent of $750.
There are currently 16 properties listed for sale, and 16 properties listed for rent in Port melbourne on OnTheHouse. According to Cotality's data, 583 properties were sold in the past 12 months in Port melbourne.

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Cotality Copyright and Legal Disclaimers about Property Data

© Copyright 2026. 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.

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