Offered with planning approval for a visionary warehouse-inspired residence from Forty One South Architects, this corner-sited residence provides a rare opportunity to build the home of a lifetime in a spectacular location just metres from Bay Street. One of the last remaining heritage warehouses available in Port Melbourne, the home's appeal, whether for investment or future development, is undeniable.
This project defines inner-urban luxury, rising above a light-catching orientation and culminating in a flawless indoor-outdoor entertaining zone on the first floor. Designed to suit various lifestyles with its 3-bedroom, 2.5-bathroom layout, this unique and radiant home will combine the most in-demand elements of today's best low-maintenance living in one cutting-edge design, complete with city views from the terrace and a proposed built-in fire-pit. With a superior main suite (ensuite and walk-in robe), ground-floor bathroom, first-floor powder room, and luxe natural finishes to tie it all together in the open-plan living/dining/kitchen domain, it showcases up-to-the-minute style and function for a carefree, luxury lifestyle.
Best of all, the second frontage to Princes Street allows for secure off-street parking with a proposed single garage and places you within desirable proximity to the light rail, South Melbourne Market and parkland, creating a compelling site of unforgettable scope. This remarkable opportunity even comes with a safeguard for your finances, with the potential to retain an excellent commercial tenant in the existing single-level dwelling and earn additional income.
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 13,391 properties. Over the last 5 years, Houses in Port Melbourne have seen a 0.86% increase in median value, while Units have seen a 2.21% increase. As at 30 April 2026:
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