192 Clark Street, Port Melbourne VIC 3207
192 Clark Street, Port Melbourne VIC 3207
192 Clark Street is a single-level, three-bedroom, two-bathroom house with two parking spaces. Its contemporary architectural design and high-quality finishes position it as a premium offering within Port Melbourne’s typical three-bedroom, one-to-two-bathroom housing stock, commanding a listing price well above the suburb’s median.
What is competitively strong about this property is its uncompromising contemporary design and meticulous material selection, which distinguish it from the area’s more common period charm homes. This single-level configuration, with no floor level variation, offers rare accessibility and convenience, making it particularly suitable for affluent families or professionals seeking a low-maintenance, lifestyle-oriented residence near the harbor and CBD. The property sits in a quiet, low-density residential street that blends modern architecture with heritage homes, and it falls within the catchment of a well-regarded primary school. The presence of two bathrooms and two parking spaces further enhances its appeal compared to standard three-bedroom houses in the suburb, which often have only one of each.
Factors that may materially affect the property’s value include its significant price appreciation since the 2021 sale, which may reflect both market conditions and the quality of its contemporary build. The limited land size typical of Clark Street lots, ranging from 138 to 408 square meters, could constrain future expansion or development potential. The property’s position within a mixed neighbourhood of period and modern homes might influence buyer perception, as some may prefer a more consistent streetscape. Strong rental demand and yields estimated around 3.5 to 4.0 percent support investment appeal, but buyers should weigh the premium pricing against comparable modern builds in the area. No major infrastructure changes are expected on Clark Street, so value will depend primarily on the property’s unique specifications and local demand.
Detailed Independent Property Report prepared by PropCred Analyst team for 192 Clark Street, Port Melbourne VIC 3207
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
2
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
Bedrooms
3
Bathroom
2
Parking
2
Land
138m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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