505/54 Nott Street, Port Melbourne VIC 3207

2 bed, 1 bath, 1 car | Established walk-up apartment | Strong rental liquidity | No overlay constraints This apartment offers a highly liquid configuration in Port Melbourne’s established apartment stock. The 2-bedroom, 1-bathroom, 1-car-space layout is the most commonly sought format in the suburb, appealing equally to owner-occupiers seeking a bayside lifestyle and investors targeting consistent rental demand. The presence of a dedicated car space is a meaningful advantage in this inner-bayside pocket, where parking is often limited. The building sits on a substantial 1,782 m² site with no bushfire, flood, or heritage overlays detected, reducing regulatory uncertainty. This property is best suited to buyers who value walkability to Bay Street and the beach over premium finishes or waterfront exclusivity. The absence of a confirmed floor level and verified construction date may affect how this apartment compares to newer stock in the area. Established buildings typically offer more space and lower body corporate fees, but may lack the modern finishes and energy efficiency of recent developments. The available finishes are described as modern and stylish, though no full schedule is substantiated. Buyers should weigh the building’s age and condition against the strong rental yield signals implied by comparable lettings in the same complex. The property’s value may also be influenced by the quality of the common areas and the building’s overall maintenance record, which are not detailed in the available data.