Nestled in the serene cul-de-sac of Portman Road, this 1964-built property on an 868m² freehold section boasts a mix of iron and mixed-material construction. The 130m² floor area currently houses a well-renovated 3-bedroom home, complemented by a modern kitchen and double-glazed joinery. Notably, the capital value has seen a 107.83% increase from $830,000 in 2017 to $1,725,000 as of June 2021. The HouGarden AVM estimates it at $1,680,000, while the latest sale history shows a transaction at $965,500 in 2020 and $190,000 in 1997. This property, located in the Mixed Housing Suburban Zone, presents a prime development opportunity while also being in the decile 9 Baradene College and decile 3 One Tree Hill College and Bailey Road School zones.
With a property contour that offers ease of living and potential for subdivision, this home provides today's comfort and tomorrow's potential. Its strategic location, near Sylvia Park and with convenient access to public transport and motorways, adds to its allure for both family living and investment.
Whether you're looking to raise a family in a prime school zone or considering a lucrative development project, this property is a gem that promises both present satisfaction and future returns.
Updated on August 09, 2024
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.51 km | 2 | 1 | -m2 | Year 2024 Month 11 Day 15 | $730,000 | Council approved | |
 | 0.10 km | 3 | 2 | -m2 | Year 2024 Month 10 Day 25 | $1,134,000 | Council approved | |
 | 0.54 km | 2 | 1 | 72m2 | Year 2024 Month 10 Day 04 | - | Council approved | |
 | 0.50 km | 5 | 2 | 0m2 | Year 2024 Month 09 Day 01 | $880,000 | Council approved | |
 | 0.53 km | 3 | 1 | -m2 | Year 2024 Month 08 Day 01 | $1,120,000 | Council approved |