503/55 Bay Street, Port Melbourne, VIC 3207 | Property Value & History | OnTheHouse
OFF MARKET

503/55 Bay Street
Port Melbourne VIC 3207

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 51m2
Land area: 7167m2
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Property Details for 503/55 Bay St, Port Melbourne

503/55 Bay St, Port Melbourne is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2007. The property has a land size of 7167m2 and floor size of 51m2. While the property is not currently for sale or for rent, it was last sold in September 2022.

Building Type
Unit
Year Built
2007
Floor Size
51m2
Land Size
7167m2
Local Government
Port Phillip
Lot/Plan
B503/PS500744

Last Listing description (September 2022)

Elevated high in the 'Bayshore', one of Port Melbourne's most celebrated and distinctive developments, this apartment offers a sophisticated oasis of calm and tranquillity along with the privacy and convenience of living in the highly sought after beachside community where residents enjoy the luxury of a central landscaped courtyard and an array of building facilities.
Upon entry into this generously proportioned one bedroom, one bathroom apartment you are greeted with one of the most spectacular uninterrupted bay views in Port Melbourne framed by full height sliding doors.
The property features smart, contemporary, sunlit interiors and is soothed by summer sea breezes. The combined open plan lounge and dining area flows effortlessly to a protected balcony where you can enjoy your morning coffee or afternoon drinks whilst a gourmet kitchen with stainless steel appliances, stone benchtops, gas cooking and more than ample bench space makes for a pleasant space to cook & entertain.

The sensational views are also enjoyed from the spacious main bedroom which features full height windows, built-in wardrobes and is serviced by a sparkling central bathroom and separate euro laundry tucked away behind the kitchen.
Other features of this property include; split system heating and cooling, onsite gym, pool, conference rooms and 24 hour guest parking with a secure parking space, generous storage cage and an onsite building manager.
Literally footsteps to the retail amenities and caf culture of Bay Street and to one of Melbourne's best beaches!
Please note that the furniture as photographed can be included at no additional cost.

Property History for 503/55 Bay St, Port Melbourne, VIC 3207

A timeline of how this property has performed in the market
Last Sold
$590,000
21 Sep 2022
  • 21 Sep 2022
    Sold for $590,000
  • 14 Sep 2022
    Listed for Sale Contact Agent
  • 02 Mar 2018
    Sold for $547,000
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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 13,441 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 8 properties listed for sale, and 19 properties listed for rent in Port melbourne on OnTheHouse. According to Cotality's data, 525 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.