401/54 Nott Street, Port Melbourne VIC 3207

North-facing balcony with views | Premium Port Melbourne | 1-bed with parking | Strong owner-occupier demand The north-facing orientation with dual aspect views is an uncommon configuration for a one-bedroom apartment in Port Melbourne, giving the property a clear competitive edge. The inclusion of car parking within a predominantly owner-occupied building of 86 units further strengthens its appeal, as such complexes tend to have better maintained common areas and a more stable resident profile. This apartment is best suited to first-home buyers seeking a low-maintenance entry into a premium bayside suburb or investors targeting tenants who value natural light and proximity to the CBD. The primary risk lies in the building’s age and unspecified maintenance history, though the 65% owner-occupier ratio typically mitigates large special levy surprises. The property’s price guide sits near the suburb median for one-bedroom units, meaning capital growth will likely track the broader market rather than offer exceptional upside. An opportunity exists in the building’s recent sales volume of 7 apartments, which suggests reasonable liquidity, and the suburb’s consistent demand from lifestyle buyers should support ongoing rental interest.