23 Park Street, Portland NSW 2847

Large block | 3-bed house | established Portland location | above-estimate asking price This property offers a rare combination of a 1,011 m² block with a simple 3-bedroom, 1-bathroom house in a well-established residential area of Portland. The substantial land size is competitively strong, providing potential for future extension or subdivision subject to council approval. It best serves a buyer seeking space and long-term capital growth rather than immediate move-in perfection, as the generous lot is the primary value driver. The asking price sits above recent estimated valuations, posing a risk of overpayment if market conditions weaken. The buyer should negotiate firmly, using the valuation gap as leverage. The Fibre to the Node connection is adequate but not a premium feature. Hold for land appreciation or consider developing the block to unlock equity.