Back 45 Milbanke Street
Off Market

45 Milbanke Street

Portland VIC 3305

3
1
2
617 m²
House
Last sold for $345,000
Nash WollardNash Wollard, last sold this property on 07 December 2025 after 31 days on market.

Overview

Prime Location Investment

Situated just a block from Portland’s stunning coastal clifftops, 45 Milbanke Street offers an ideal opportunity for investors, first home buyers, or developers. Set on a 617m² corner allotment with dual access, the property presents the potential to subdivide into two blocks (STCA). Inside, the home features three bedrooms (or two plus a study) and has been freshly updated with new carpets throughout. The light-filled living area is warmed by an updated gas heater, while the centrally located kitchen includes a modern 900mm gas cooktop and plenty of cupboard storage space. The bathroom offers a bath with stand over shower, complemented by a separate toilet for added convenience. Step outside and enjoy a north-facing undercover alfresco area with roller blinds for year-round use, along with a low-maintenance garden featuring a veggie patch and garden shed, plus a double carport for secure parking. Positioned within walking distance of the local hospital, high school and CBD, this is an excellent entry-level home with the potential for development or investment. Estimated rental return of $370–$390 per week. To arrange an inspection, please contact exclusive agent Nash Wollard on 0460 877 718 or the Seaview Real Estate team on (03) 5523 3822.

Features

3 bedrooms
1 bathroom
2 carspaces
2 carport spaces
617 m² lot size
House

Estimated Value

Based on this property and similar 3 bedroom houses sold in Portland over the last 12 months, the estimated median property value of 45 Milbanke Street is $421k.

Median value
$421k
Estimated value range
$255k - $960k
Median days on market
68
Estimated value trend
6%
increase 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 45 Milbanke Street

2025
Sold
$345,000
Private Sale/Treaty on 07 Dec 2025 by Nash Wollard, of Portland Seaview Real Estate
2024
Rented
Undisclosed
Leased on 08 May 2024 by Assets Real Estate Portland & Heywood
2023
Rented
Undisclosed
Leased on 12 Jan 2023 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 3 bedroom houses in Portland

In the last 12 months, 129 three-bedroom houses similar to 45 Milbanke Street, have been sold.

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