307/115 Nott Street, Port Melbourne VIC 3207
307/115 Nott Street, Port Melbourne VIC 3207
307/115 Nott Street, Port Melbourne. A two bedroom, two bathroom apartment with one secure car space. Built in 2020, the third floor unit is part of a 43 unit complex on a shared 1,173 square metre lot. The interior offers open plan living and modern finishes, while the balcony provides sweeping views of the Melbourne CBD and docklands. The property sits on a very wide, divided street in inner city Port Melbourne.
The unit’s principal competitive strength is found in its uninterrupted views of the CBD and docklands, a feature that is uncommon among two bedroom apartments of this age and mid density in the suburb. The modern 2020 build ensures high quality finishes and an efficient open plan layout that directs the living space toward the outlook. This positions the property within the premium tier of Port Melbourne’s recent apartment stock, where views and secure parking are both highly sought. The building’s mid density character and the street’s divided nature do not diminish the overall location advantage, which offers immediate access to employment hubs and public transport. This unit is best suited for urban professionals seeking a lifestyle oriented home with city views, or investors targeting strong rental demand in the Port Melbourne market.
Factors that may materially affect the property’s value include the divided character of Nott Street, which might influence perceived noise or activity levels depending on the specific end of the street. The high density of 43 units within the complex could be seen as limiting privacy compared to lower density alternatives. The balcony’s orientation relative to wind and sun exposure may also be considered, as it could affect daily comfort. These aspects should be weighed against the strength of the view and the building’s modern finishes.
Detailed Independent Property Report prepared by PropCred Analyst team for 307/115 Nott Street, Port Melbourne VIC 3207
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
2
Income Risk
1
Execution Risk
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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.
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PropCred Estimated Value
Bedrooms
2
Bathroom
2
Parking
1
Land
1173m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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