140 Nott Street, Port Melbourne VIC 3207
140 Nott Street, Port Melbourne VIC 3207
2-bedroom brick Victorian house on 144sqm, polished timber floors, high ceilings, original open fireplaces, internal lightwell, split-system heating and cooling, rear laneway access, no dedicated parking.
This property is positioned as one of the more compact and affordably entry-level Victorian houses within the tightly held inner bayside pocket. Its configuration is competitively rare for its street, offering original character features-high ceilings, open fireplaces, polished floors-that are increasingly sought after yet scarce at this size. A 2-bedroom brick house with rear laneway access serves a specific buyer: young couples or professionals prioritising lifestyle proximity to Bay Street and the beach over land area or parking. The internal lightwell and split-system updates make it immediately comfortable, while the original fabric signals strong bones for future enhancement. It sits firmly as a starter home or investment-grade holding within a suburb where larger family stock dominates.
Several factors may materially influence the property’s value. The absence of on-street parking is a real constraint in Port Melbourne, potentially narrowing the buyer pool. The 144sqm lot limits significant expansion scope, though rear laneway access does permit minor utility. Street appeal variance on Nott Street might affect perceived desirability depending on exact positioning. A buyer forming a view on price should weigh the trade-off between compact historic character and the practical limitations of no car space, as well as the potential upside from modest cosmetic or functional upgrades to an already comfortable interior.
Detailed Independent Property Report prepared by PropCred Analyst team for 140 Nott Street, Port Melbourne VIC 3207
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
2
Income Risk
Execution Risk
2
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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
1
Parking
-
Land
144m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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