11 Canberra Parade, Port Melbourne VIC 3207
11 Canberra Parade, Port Melbourne VIC 3207
A single-storey house with three bedrooms, two bathrooms, and two car spaces on a 270-square-metre lot with 150 square metres of internal living space. It features ducted cooling and heating, built-in robes, a courtyard, and an outdoor entertainment area.
This property is positioned as a rare offering in Port Melbourne, where larger lots are increasingly difficult to find. The 270-square-metre block provides a more generous footprint than many newer developments, while the two-car parking arrangement adds significant convenience in a suburb where off-street parking is a premium. The house is best suited to established families or professional couples who value space and security without sacrificing proximity to the bay and city. Its single-storey layout and functional courtyard appeal to those seeking low-maintenance living with room to entertain, and the absence of heritage or flood overlays simplifies future improvements. This property stands out for its balance of internal comfort and external practicality, making it a strong contender for buyers prioritising lifestyle and long-term liveability.
The estimated rental income of $1,000 per week suggests a gross yield around 3.2%, which is reasonable for a house in this price bracket but not exceptional. The listing price range of $2.0 million to $2.2 million sits above the estimated value, which may indicate a premium being asked for the larger lot and parking configuration. Buyers should consider whether recent nearby developments could increase local density and potentially affect privacy or street appeal. The property’s age is not specified, so the condition of the building envelope and systems should be confirmed through inspection. These factors may influence negotiation leverage and should be weighed against the property’s strong foundational attributes.
Detailed Independent Property Report prepared by PropCred Analyst team for 11 Canberra Parade, Port Melbourne VIC 3207
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
2
Income Risk
2
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
3
Bathroom
2
Parking
2
Land
270m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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