48-50 Must Street, Portland, VIC 3305 | Property Value & History | OnTheHouse
OFF MARKET

48-50 Must Street
Portland VIC 3305

Bedrooms: 4
Bathrooms: 2
Car spaces: 2
Floor area: 234m2
Land area: 1466m2
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Property Details for 48-50 Must St, Portland

48-50 Must St, Portland is a 4 bedroom, 2 bathroom House with 2 parking spaces and was built in 1960. The property has a land size of 1466m2 and floor size of 234m2. While the property is not currently for sale or for rent, it was last sold in April 2022.

Building Type
House
Year Built
1960
Floor Size
234m2
Land Size
1466m2
Local Government
Glenelg
Lot/Plan
1/LP58858

Last Listing description (June 2022)

Enjoy a whopping 5.7% rental return with this truly unique 5 bedroom property. Proven tenants and recent improvements across 2 self-contained residences make for the perfect no-fuss investment opportunity here. Vacant possession is an option on the rainforest apartment downstairs so you can treat the family to a holiday getaway or maximise income with Air BnB.

There is more than meets the eye with this mid-century brick classic, set proudly on a generous corner allotment of 1460m2 in one of Portland's sought-after leafy areas - central to schools, beaches and the town centre.

Upstairs offers street-level access to a spacious and light filled home with views across Portland.

The kitchen is airy and open to the family dining area and impressive rear verandah with private town and rainforest views. Breakfast with the birds in your own wildlife sanctuary. Across the front of the home the expansive lounge offers a fabulous multi-functional space which opens onto a second deck to this impressive room.

There are 3 generous bedrooms with built in robes and a family sized bathroom featuring a double marble vanity, deep bathtub and separate toilet. Large storage areas and a new laundry complete the self-contained upstairs residence.

Downstairs there is a large self-contained apartment with a charming water garden terrace and rainforest setting. The apartment offers spacious living with a sunny kitchen/ dining area, living room, study and 2 very large bedrooms.

In the garden, sheltered sunny terraces perfect for veggies and citrus, are landscaped down to a unique rainforest gully. Two water-gardens, permanent creek and a bridge complete this garden wonderland. Furry and feathered friends will enjoy the enclosed rear garden and various pet accommodations.

Extras include 3 phase power, new carpets, air conditioning and a new hot water unit.

Look no further than this flexible central investment . Be sure not to miss out on adding this investment package to your portfolio today!

Property History for 48-50 Must St, Portland, VIC 3305

A timeline of how this property has performed in the market
Last Sold
$580,000
11 Apr 2022
Listed for Rent
$430/w
09 Feb 2022
  • 11 Apr 2022
    Sold for $580,000
  • 02 Feb 2022
    Listed for Rent $430 / week
  • 07 Apr 2021
    Sold for $320,000
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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 6,680 properties. Over the last 5 years, Houses in Portland have seen a 43.25% increase in median value, while Units have seen a 39.43% increase. As at 31 August 2026:

  • The median value for Houses in Portland is $503,166 while the median value for Units is $319,632.
  • Houses have a median rent of $480 while Units have a median rent of $400.
There are currently 110 properties listed for sale, and 3 properties listed for rent in Portland on OnTheHouse. According to Cotality's data, 329 properties were sold in the past 12 months in Portland.

Suburb Insights for Portland 3305

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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.