79 Otway St, Portland is a 3 bedroom, 1 bathroom House. The property has a land size of 1798m2. While the property is not currently for sale or for rent, it was last sold in August 2026. There are other 3 bedroom House sold in Portland in the last 12 months.
Positioned on a substantial 1,798m allotment, this classic 1950s weatherboard home presents an exceptional opportunity to secure a property offering immediate comfort, generous outdoor space and exciting future potential, all within a 1km walk of Portland's ocean cliff tops, beaches, cafs and CBD.
Recently refreshed inside and out, the home has been freshly painted throughout, with new carpet laid in each of the three bedrooms. Two bedrooms are generously proportioned, with the main featuring built-in robes, while the third offers flexibility as a nursery, home office or guest room.
Polished timber flooring extends from the entrance into the comfortable living area, creating warmth and character, while the adjoining kitchen and dining space is finished with practical slate flooring and provides a functional layout for everyday living. The bathroom is well equipped and is easily accessible to all rooms.
Outside, the expansive yard offers an impressive sense of space. A standout feature is the 11m x 6m shed, complete with concrete floor, power and roller doors on either side, allowing drive through access to the rear of the property. A wood-fired pizza oven adds value and a central gathering space for entertaining while a single carport completes the outdoor offering.
Whether you're searching for a comfortable home to enjoy immediately, an investment with scope to enhance, or a sizeable parcel with future subdivision potential (STCA), this property presents a rare opportunity in one of Portland's most convenient locations.
Combining the space and tranquility of a larger allotment with the convenience of coastal town living, this is a property ready to be enjoyed today while offering exciting possibilities for the future.
Contact Assets Real Estate today to book your inspection.
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 6,647 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:
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