54/1 Graham Street, Port Melbourne VIC 3207
54/1 Graham Street, Port Melbourne VIC 3207
Dual-level apartment with bay views | two-car parking | resort complex amenities | Port Melbourne lifestyle edge.
The buying case rests on the dual-level configuration, which is rare in this market and creates a genuine separation between living and sleeping zones, a feature more typical of a house than an apartment. The full-width terrace capturing bay views reinforces this competitive advantage, while two car spaces and resort facilities add tangible lifestyle and resale appeal. This property is best suited to downsizers or professional couples seeking low-maintenance living without compromising on space or position.
The key risk is the heritage and flood overlays, which may impose constraints on future renovations and could affect insurance costs or lender appetite. The inconsistency in bathroom count across historical records signals a need to verify title and council approvals for the current layout. Opportunities lie in the strong rental profile at $860-$890 per week, which supports a hold strategy or a future sale to a similar buyer profile. Treat this as a lifestyle-driven purchase with solid fundamentals, not a renovation play or a short-term flip.
Detailed Independent Property Report prepared by PropCred Analyst team for 54/1 Graham Street, Port Melbourne VIC 3207
Checks found:
Value Risk
Liquidity Risk
Planning Risk
2
Income Risk
Execution Risk
2
URL has been copied successfully!
Market Insight
Port Melbourne presents a dynamic, evolving market with a clear divergence between its established housing sector and its unit segment. Demand is robust, evidenced by strong auction activity and consistent sales, though the pace varies. While houses demonstrate relative stability, the unit market faces clear headwinds with softening prices, indicating supply or demand pressures. Future growth is underpinned by significant local infrastructure investment, including the major Station Pier redevelopment, which will enhance amenity and likely sustain long-term appeal.
URL has been copied successfully!
PropCred Estimated Value
Bedrooms
2
Bathroom
2
Parking
2
Land
1.4 acres
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
URL has been copied successfully!