149 Albert Street, Port Melbourne VIC 3207
149 Albert Street, Port Melbourne VIC 3207
5 bedrooms, 3 bathrooms | freestanding period house | north-eastern garden | fully renovated family home | Port Melbourne
This is a competitively strong configuration for Port Melbourne, where most period houses offer two or three bedrooms. Five bedrooms with three bathrooms places this property at the upper end of what families can find in the inner bayside pocket, and the substantial north-eastern garden adds rare outdoor space in a suburb where rear yards are often modest. The double-fronted façade preserves street appeal while the contemporary internal transformation delivers the liveability that established families now expect. This property serves buyers who want period character without sacrificing modern comfort, and who are prepared to pay for a home that can accommodate a growing family without requiring immediate work.
The value picture may be shaped by how the renovation has been executed, particularly the quality of finishes and the flow between living zones and the garden. A north-eastern aspect typically provides good light through the afternoon, which supports the family living areas. The property’s size advantage over nearby stock is the strongest factor supporting price, while the absence of confirmed land size and heritage status means a buyer should verify these details before forming a firm view. The street’s mix of renovated cottages and larger family homes suggests steady demand from owner-occupiers, which may limit downside risk in softer conditions.
|| Comparable Sales: 159 Albert Street sold at $2.1M for 3 bedrooms on 211m²; 55 Albert Street sold at $2.35M for 4 bedrooms | Property Price Band: $2.4M–$2.5M | Value Drivers: bedroom count, garden size, renovation quality, period façade
Detailed Independent Property Report prepared by PropCred Analyst team for 149 Albert Street, Port Melbourne VIC 3207
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
Income Risk
2
Execution Risk
1
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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: 159 Albert Street sold at $2.1M for 3 bedrooms on 211m²; 55 Albert Street sold at $2.35M for 4 bedrooms | Property Price Band: $2.4M–$2.5M | Value Drivers: bedroom count, garden size, renovation quality, period façade
Bedrooms
3
Bathroom
1
Parking
-
Land
279m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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