Back 22 Portland Street
Off Market

22 Portland Street

Norlane VIC 3214

2
1
1
639 m²
House
Last sold for $511,000
Natasha BorelandNatasha Boreland, last sold this property on 29 September 2025 after 7 days on market.

Overview

Invest Now, Develop in the Future!

Set on a generous 639m² block, this neat and well-maintained two-bedroom home offers an outstanding opportunity for astute buyers. Whether you’re looking to secure a solid investment today or unlock development potential tomorrow, this property ticks all the boxes. Inside, the home features spacious bedrooms, polished timber floorboards, a refurbished kitchen, and an updated bathroom. Currently tenanted, it presents immediate rental income while you plan its future. What truly sets this property apart is the land. With an almost entirely cleared block, developers will appreciate the time and cost savings when considering subdivision or future redevelopment (STCA). It’s a blank canvas with endless potential. Location is everything, and this one is second to none. Positioned just moments from the Princes Highway, the Spirit of Tasmania Port, Bunnings Warehouse, local medical centres, and shopping amenities, the property is superbly placed for both lifestyle and convenience. Adding to its appeal, Norlane is a suburb on the rise. With significant infrastructure investment and ongoing gentrification, it is fast becoming a hotspot for both homeowners and developers. The combination of affordability, accessibility, and growth makes this property a standout in today’s market. If you’re looking for a set-and-forget investment with serious upside, this is the opportunity you’ve been waiting for! *All information about the property has been provided to Hayeswinckle by third parties. Hayeswinckle has not verified the information and does not warrant its accuracy or completeness. Parties should make and rely on their own enquiries in relation to this property.

Features

2 bedrooms
1 bathroom
1 carspace
1 garage space
639 m² lot size
House

Estimated Value

Based on this property and similar 2 bedroom houses sold in Norlane over the last 12 months, the estimated median property value of 22 Portland Street is $482k.

Median value
$482k
Estimated value range
$325k - $620k
Median days on market
42
Estimated value trend
19%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Norlane. 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 22 Portland Street

2026
Rented
Undisclosed
Leased on 02 Feb 2026 by Hayeswinckle Highton
2025
Sold
$511,000
29 Sep 2025 by Natasha Boreland, of Hayeswinckle Lara
2024
Rented
Undisclosed
Leased on 18 Nov 2024 by Debonair Property Management

Happy sellers in Norlane

90%
90% of sellers in Norlane reported that their sale price either exceeded or met their price expectations.

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

This is based on voluntary sentiment collected from 14 reviews in Norlane over the last 12 months.

Local market activity for 2 bedroom houses in Norlane

In the last 12 months, 64 two-bedroom houses similar to 22 Portland Street, have been sold.

This represents a 28% decrease in two-bedroom houses sales when compared to the previous 12 months.

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