65 Albert Street, Port Melbourne VIC 3207
65 Albert Street, Port Melbourne VIC 3207
Architect-designed infill house | 3 bed, 2 bath, 1 garage | Cathedral ceilings and city views | 176 m² with flood overlay | Premium beachside pocket
This property stands out for its architectural pedigree and space efficiency. Designed by Coy Yiontis Architects and an Urban Design Award finalist, it delivers a level of finish rarely found in Port Melbourne’s older housing stock. The two-level configuration is smartly inverted, with north-facing bedrooms below and a light-filled living zone above, crowned by 4-metre cathedral ceilings and sweeping city views. The stone kitchen with Neff appliances and integrated Liebherr refrigeration, plus hydronic heating and split systems throughout, makes this a genuinely low-maintenance, high-comfort residence. It suits professional couples, small families, or downsizers who want contemporary living without the compromises of apartment life, and who value walkability to Bay Street, the beach, and the light rail.
The compact 176 m² land footprint is the main constraint here, limiting land-value appreciation compared to larger period homes. The flood overlay flagged in public data may affect insurance costs and should be investigated, though it is common in bayside pockets. The single garage and modest outdoor space will appeal more to lifestyle buyers than those seeking substantial gardens or parking flexibility. Buyer sensitivity in this price range can be pronounced, so presentation and the quality of the fit-out will be central to how the market receives it.
|| Comparable Sales: 130 Albert Street, 3-bed Victorian, sold $1.5M–$1.6M | Property Price Band: $1.4M–$1.5M | Value Drivers: architect pedigree, premium finishes, city views, low-maintenance layout
Detailed Independent Property Report prepared by PropCred Analyst team for 65 Albert Street, Port Melbourne VIC 3207
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
Income Risk
2
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: 130 Albert Street, 3-bed Victorian, sold $1.5M–$1.6M | Property Price Band: $1.4M–$1.5M | Value Drivers: architect pedigree, premium finishes, city views, low-maintenance layout
Bedrooms
3
Bathroom
2
Parking
1
Land
147m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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