416/101 Bay Street, Port Melbourne VIC 3207
416/101 Bay Street, Port Melbourne VIC 3207
Fourth-floor 2-bed | full-width balcony | Miele kitchen | secure car space | bayside village location
A well-finished fourth-floor apartment within a 2012 building is positioned for buyers wanting lock-and-leave living close to the beach and Bay Street. The full-width balcony, stone bathroom, and integrated laundry are provided as standard, while the secure basement car space and lift access add practical appeal. This property is best suited to downsizers and inner-city professionals seeking a low-maintenance base with strong rental potential. In Port Melbourne’s mix of older boutique stock and larger developments, this unit is distinguished by a consistent standard of finish and building amenity. The study nook in the main bedroom and soft-close cabinetry are offered as thoughtful extras, making the property a well-rounded option for its likely buyer.
Value might be influenced by floor level and aspect, as units with bay or city views command a premium within the building. The fourth-floor position could limit outlook compared with higher stacks, though the covered balcony and potentially north-facing orientation may offset this. Rental yield and resale demand may be affected by the single bathroom and lack of a second living space, but the building’s security and on-site management are likely to maintain broad appeal.
Detailed Independent Property Report prepared by PropCred Analyst team for 416/101 Bay Street, Port Melbourne VIC 3207
Checks found:
Value Risk
2
Liquidity Risk
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
Comparable Sales: 1006/101 Bay Street sold $1.15M (sub-penthouse, views); 107/101 Bay Street sold $740k (2/2/1) | Listed Price Band: $600,000–$700,000 | Value Indicator: floor level, balcony outlook, finish condition
Bedrooms
2
Bathroom
1
Parking
1
Land
1.09 acres
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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