108A Clark Street, Port Melbourne VIC 3207
108A Clark Street, Port Melbourne VIC 3207
Compact renovated house | 3 bed 2 bath | ~140m² land | heritage overlay | family-oriented street
This is a competitively strong entry into Port Melbourne’s tightly held bayside pocket, where small-lot houses with modern interiors are rare. The three-bedroom, two-bathroom configuration suits a professional couple or young family seeking lock-and-leave living without compromising on space or style. Its position on a tree-lined street, within walking distance of schools, Bay Street retail, and the beach, reinforces demand from owner-occupiers who prioritise convenience and character. The heritage overlay protects the streetscape, ensuring the low-rise, established feel remains intact, which supports long-term value stability. The house’s efficient use of land, with multiple living zones and a low-maintenance garden, offers a level of amenity that outperforms older, unrenovated terraces in the same suburb.
The value may be shaped by the compact land size, which limits future expansion or redevelopment potential. Buyers should weigh the premium paid for location and presentation against the constraints of a heritage overlay, which can restrict structural changes. The property’s condition and fit-out quality will likely justify a higher price per square metre than less updated homes, but the small footprint might cap upside compared to larger allotments nearby. Market conditions in this suburb are selective, so pricing may need to reflect realistic buyer demand for this specific configuration.
Detailed Independent Property Report prepared by PropCred Analyst team for 108A Clark Street, Port Melbourne VIC 3207
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
2
Income Risk
Execution Risk
2
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Market Insight
Port Melbourne is an established bayside inner suburb with a mature demographic. Demand is supported by major infrastructure, including the $1 billion Station Pier redevelopment and mixed-use towers on Bay Street, while auctions clear at 67.86%. House prices span roughly $1.55 million to $1.84 million, with annual growth ranging from -6.2% to +5% across sources, and a recent quarterly gain of 3.15%. Units are softer at $685,000–$819,000, with declines of -2.8% to -4.8% annually. Homes trade in 26–48 days, units average 49 days, implying uneven absorption. Future growth hinges on the Station Pier completion and new supply, though unit price weakness and variable house price momentum point to buyer sensitivity and potential oversupply.
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PropCred Estimated Value
Comparable Sales: 128 Clark Street (4 bed, 290m², sold 2021) | Property Price Band: $1.6M–$1.7M | Value Drivers: condition, land size, heritage location
Bedrooms
3
Bathroom
2
Parking
-
Land
140m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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