310 Williamstown Road, Port Melbourne VIC 3207

1940s character home | heritage & flood overlays | 3 bed, 1 bath, 2 car | 322m² lot | Port Melbourne primary zone This house presents a competitively strong proposition as a largely original, single-level character home on a full block in a tightly held suburb. Its 1940s façade and generous 220m² building footprint offer immediate space and charm, with clear scope for an update that would capitalise on the underlying land value. The property is ideally suited to a buyer seeking a low-density family home in a premium school catchment, willing to manage the constraints and potential of the heritage and flood controls. The overlays introduce specific risk, directly impacting renovation potential and insurability, which demands expert due diligence and cost planning. The single bathroom configuration is a functional deficit against modern expectations. The commercial logic lies in a hold-and-renovate strategy, respecting the heritage fabric while modernising interiors. This is a solid long-term hold for an owner-occupier, not a short-term speculative play. Recent comparable sales nearby: – 392 Williamstown Road: A 3-bed, 2-bath house with 3 car spaces sold for $2,030,000 in December 2025. This sale demonstrates a clear market premium for modernised homes with additional bathrooms and parking, contextualising the subject property’s lower estimated value and highlighting the value-add potential post-renovation.