19 Raglan Street, Port Melbourne VIC 3207

2 bed house on 114sqm in Port Melbourne | 80% owner-occupied street | 67% long-term residents | school catchment advantage | quick 2024 resale This property’s competitive edge lies in its street profile—80% owner-occupied and 67% long-term residents signals a stable, low-turnover pocket where scarcity of listings works in a buyer’s favour. The 114sqm land size is tight for a house, but on Raglan Street that footprint is typical and positions it as an entry-level house in a suburb where apartments dominate. The school catchment coverage—Port Phillip Specialist School within 0.5km and Albert Park College at 1km—adds a practical layer for families or investors targeting the rental pool of professionals with children. This property best suits a buyer who values a quiet, established street over internal square metres, or an investor seeking below-median land entry in a suburb with 70 properties sold this year. The primary risk is the 2024 resale: sold in May for $970,000 then again in August, suggesting either a quick cosmetic flip or a buyer who overpaid relative to condition. The current estimated value of $1.125M implies appreciation, but that figure may reflect market movement rather than intrinsic improvements, meaning a buyer now pays a premium for work someone else already captured. The 52% auction clearance rate in Port Melbourne indicates softening, so negotiating power exists if this property returns to market. Opportunity lies in the lack of parking specified—if the house has off-street parking, that is a rare edge for resale. Hold this property as a long-term house in a suburb transitioning toward denser living, where land scarcity will eventually override short-term price noise.