42 Otway StreetPortland VIC 3305
Property Details for 42 Otway St, Portland
42 Otway St, Portland is a 6 bedroom, 2 bathroom House with 2 parking spaces and was built in 1960. The property has a land size of 902m2 and floor size of 110m2. While the property is not currently for sale or for rent, it was last sold in August 2026. There are other 6 bedroom House sold in Portland in the last 12 months.
Last Listing description (August 2026)
Positioned just a short walk from Portlands CBD, 42 Otway Street presents an outstanding investment opportunity with strong dual-income potential. This fully renovated duplex features two spacious residences, each offering three bedrooms, one bathroom, private rear yards, separate driveways appealing to a wide range of tenants. Both units include gas cooking, ceiling fans in the bedrooms and a large central living area fitted 1 unit fitted with split system heating and cooling for year-round comfort and the other with gas heating. Offering modern updates and functional layouts, the property is perfectly suited for long-term rental appeal. This property also includes an approved planning permit to place the units on individual titles for the smart investor looking for an added upside on their purchase. Whether youre looking to expand your portfolio, secure a solid dual-income asset or live in one side while leasing the other, this property offers excellent flexibility and strong returns. Currently returning $800pw combined income this property is a smart investment in a highly convenient location close to shops, schools and local amenities. Investment opportunities like this are rarely offered in such a central location. Secure a strong dual-income property with excellent return potential. Contact Allan Barrett on 0438 660 057 or the team at Seaview on 5523 3822 today to arrange your inspection or request further information.
Property History for 42 Otway St, Portland, VIC 3305
- 05 Aug 2026Sold for $640,000
- 30 Jun 2026Listed for Rent $460 / week
- 07 May 2026Listed for Sale Not Disclosed
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About Portland 3305
The size of Portland is approximately 33.5 square kilometres. There are 28 parks, covering nearly 6.2% of the total area. The population of Portland in 2016 was 9712 people. By 2021 the population was 10016 showing a population growth of 3.1% in the area during that time. The predominant age group in Portland is 60-69 years. Households in Portland are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Portland work in a professional occupation.In 2021, 70.00% of the homes in Portland were owner-occupied compared with 65.20% in 2016.
Portland has 6,682 properties. Over the last 5 years, Houses in Portland have seen a 45.78% increase in median value, while Units have seen a 24.89% increase. As at 31 July 2026:
- The median value for Houses in Portland is $497,942 while the median value for Units is $294,174.
- Houses have a median rent of $480 while Units have a median rent of $400.
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