1002/320 Plummer Street, Port Melbourne VIC 3207
1002/320 Plummer Street, Port Melbourne VIC 3207
Large flat apartment | 4 beds, 3 baths, 3 cars | Prime Port Melbourne school zone | No overlays | ~224m² internal area
This property presents a rare configuration for the area, combining the space of a large house with the convenience of an apartment, underscored by its three car spaces and zoning for sought-after public schools. Its scale and lack of development overlays make it a compelling proposition for a family seeking a low-maintenance, inner-city footprint without compromising on room or parking, which are typically constrained in such locales.
The primary risk is the significant discrepancy in reported land size, suggesting possible title complexity or measurement error that requires immediate legal verification. The inconsistent market status across platforms indicates potential vendor uncertainty, which could be leveraged in negotiation. Given its estimated rental yield, this property is best acquired as a long-term primary residence to capitalise on the school catchment, with the income potential supporting a future investment hold strategy.
Detailed Independent Property Report prepared by PropCred Analyst team for 1002/320 Plummer Street, Port Melbourne VIC 3207
Checks found:
Value Risk
✕
2
Liquidity Risk
✓
Planning Risk
✕
2
Income Risk
✕
2
Execution Risk
!
1
Insight: Port Melbourne VIC 3207
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.
PropCred Estimated Value
Bedrooms
4
Bathroom
3
Parking
3
Land
1.84 acres
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst