Back 2/44 Peter St
Off Market

2/44 Peter St

Portland VIC 3305

2
1
1
162 m²
Unit
Last sold for $305,000
Ben NashBen Nash, last sold this property on 26 November 2025 after 128 days on market.

Overview

Secure Investment

Situated in a quiet and well-established South Portland Street, this solid brick two-bedroom unit offers a smart and low-maintenance investment opportunity. The unit features an open living area, a practical kitchen fitted with gas cooking and heating. Two well-sized bedrooms have built-in robes. A single lock-up garage provides secure parking and additional storage. One of the standout features of this property is the fully enclosed yard, ideal for privacy and outdoor enjoyment. It even includes established veggie garden beds, making it perfect for tenants who appreciate a touch of self-sufficiency and outdoor living. Currently leased, the property delivers a strong gross rental yield of approximately 6.9%. With a reliable tenant already in place, investors can enjoy immediate income with minimal fuss.

Features

2 bedrooms
1 bathroom
1 carspace
1 open car space
162 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 2/44 Peter St 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 2/44 Peter St

2025
Sold
$305,000
26 Nov 2025 by Ben Nash, of Assets Real Estate Portland & Heywood
2025
Rented
Undisclosed
Leased on 05 Jun 2025 by Portland Seaview Real Estate
2025
Rented
Undisclosed
Leased on 21 May 2025 by Portland Seaview Real Estate

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 2/44 Peter St, have been sold.

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

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