Back 54 Derham Street
Off Market

54 Derham Street

Port Melbourne VIC 3207

5
3
2
402 m²
House
Max MercuriMax Mercuri, last sold this property on 10 October 2025 after 22 days on market.

Overview

Victorian heritage meets modern living vision

Double fronted, freestanding and entirely unexpected, this architect-designed Victorian residence offers a peerless lifestyle base for extended families in a prominent inner-urban setting, moments from the light rail and Bay Street’s shopping precinct. With an extra-wide frontage and secure rear garaging via Little Derham Street, it reveals an extraordinary layout, designed to unite the original 1890 cottage with a contemporary architectural home, able to connect as one or function independently over a single, versatile title. Linked by a poolside courtyard and internal gallery hall, the two residences each reflect a high standard of living and finish, revived to place modern-day living and entertaining at the fore. Period beauty and oversized proportions introduce the two-bedroom Victorian cottage to the front, immediately captivating with brilliant northern light, open-plan living and dining with a red brick fireplace, and a luxe kitchen appointed with Miele appliances. Stone surfaces carry from the kitchen to the central bathroom, offering a refined counterpoint to the character of the bygone era, with bi-fold doors extending to the courtyard for full-scale entertainment. To the rear, the striking architectural family home continues a sublime sun-filled design through soaring high ceilings, a double-height void to a second level and an expansive entertaining zone. Open-plan living and dining zones, with polished concrete and natural timber floors, transition to multiple al-fresco zones, hosted by a gourmet kitchen and scullery, appointed with integrated refrigeration and premium Miele appliances. Upstairs, a grand north-facing main bedroom features a walk-in robe and dual vanity en-suite, followed by two additional bedrooms, a central bathroom and a mezzanine living area with abundant storage. Complete with a dedicated home office, city aspects through the trees, a large laundry, powder room and internal entry from the double remote garage, it offers an exclusive and all-encompassing lifestyle base for families seeking independence and unbeatable flexibility. Finished with hydronic heating, split system AC, solar-heated pool, monitored alarm system, video intercom, marble-detailed bathrooms, outdoor shower, and irrigation, it sits just moments from the beach, CBD, excellent schools and the South Melbourne Market.

Features

5 bedrooms
3 bathrooms
2 carspaces
2 garage spaces
402 m² lot size
House

Estimated Value

Based on this property and similar 5 bedroom houses sold in Port Melbourne over the last 12 months, the estimated median property value of 54 Derham Street is $3.19m.

Median value
$3.19m
Estimated value range
$1.33m - $4.59m
Median days on market
23
Estimated value trend
37%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Port Melbourne. 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 54 Derham Street

2025
Sold
Undisclosed
Auction Sale on 10 Oct 2025 by Max Mercuri, of Jellis Craig Port Phillip

Happy sellers in Port Melbourne

82%
82% of sellers in Port Melbourne reported that their sale price either exceeded or met their price expectations.

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

This is based on voluntary sentiment collected from 46 reviews in Port Melbourne over the last 12 months.

Local market activity for 5 bedroom houses in Port Melbourne

In the last 12 months, 4 five-bedroom houses similar to 54 Derham Street, have been sold.

This represents a 66% decrease in five-bedroom houses sales when compared to the previous 12 months.

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