Back 1/23 Barkly Street
Off Market

1/23 Barkly Street

Portland VIC 3305

2
1
1
100 m²
Unit
Last sold for $297,000
Ben NashBen Nash, last sold this property on 16 November 2025 after 478 days on market.

Overview

Invest with Confidence or Downsize Comfortably

If you're in search of a do nothing investment with style, convenience, low-maintenance living and big depreciation benefits, then look no further than this newly renovated unit in a tidy block. Featuring 2 bedrooms, 1 bathroom, separate laundry and carport. Conveniently located near the South Portland shopping precinct and only 1km from the heart of Portland this unit will continue to lease with ease and generate you over 6.59% return on investment from day 1 (currently rented at $400pw or $20,800pa). No work from you needed - a fantastic tenant is already in place. Long term, Portland should also bring you strong capital growth with the town recently opening Bunnings and Coles on their way. They will join the likes of Aldi, Woolworths and Kmart who already have cemented their place in the buoyant coastal town. With a full renovation completed just 12 months ago the unit offers new modern kitchen with sleek black tapware, new electric appliances and dishwasher, new on-trend bathroom, separate toilet and built-in functional laundry with storage. The flooring has also been replaced with hard wearing oak floating floors, new carpets, fresh paint throughout plus new Reverse cycle split system, light switches and downlights.Outside, it offers a generously sized courtyard, plus a carport space. Additional features include new ceiling insulation, low voltage downlights throughout, new blinds, outdoor lighting, new fencing and clothesline. All this in a lovely well kept and quiet unit complex. Disclaimer: Please note that the photos shown are from a different renovated unit within the building. However, the unit available is identical in layout, finishes, and colour scheme. Contact Assets Real Estate for more informaiton.

Features

2 bedrooms
1 bathroom
1 carspace
1 open car space
100 m² lot size
Unit

Estimated Value

Based on this property and similar 2 bedroom units sold in Portland over the last 12 months, the estimated median property value of 1/23 Barkly Street is $270k.

Median value
$270k
Estimated value range
$185k - $430k
Median days on market
61
Estimated value trend
-13%
decrease over the last 12 months
Average days on market is based on recent, comparable sales in Portland. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 1/23 Barkly Street

2025
Sold
$297,000
16 Nov 2025 by Ben Nash, of Assets Real Estate Portland & Heywood
2024
Rented
Undisclosed
Leased on 11 Jun 2024 by Assets Real Estate Portland & Heywood

Happy sellers in Portland

78%
78% of sellers in Portland reported that their sale price either exceeded or met their price expectations.

Portland stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 97 reviews in Portland over the last 12 months.

Local market activity for 2 bedroom units in Portland

In the last 12 months, 23 two-bedroom units similar to 1/23 Barkly Street, have been sold.

This represents a 50% decrease in two-bedroom units sales when compared to the previous 12 months.

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