Back 54 Must Street
Off Market

54 Must Street

Portland VIC 3305

3
1
1
715 m²
House
Last sold for $450,000
Allan BarrettAllan Barrett, last sold this property on 09 July 2026 after 129 days on market.

Overview

Character Meets Value

Positioned on the sought-after eastern end of Must Street, this charming late-1950s residence offers the perfect blend of original character and modern practicality. Whether you're a first-home buyer looking to break into the market or an investor seeking a reliable return, this property delivers incredible value in a prime location. The Home Step inside to find a spacious, light-filled living area and a practical layout designed for easy living. The home features three comfortable bedrooms, a central bathroom, and the added convenience of two toilets. With ample storage throughout and gas appliances already in place, it’s a move-in-ready gem with plenty of room to add your own personal touch. The Allotment Set on a generous 717m² corner allotment, a rare find that provides extra flexibility for those with a boat, caravan, or trailer. The secure garage offers peace of mind and additional storage space. The Lifestyle Location is everything here. You are just 200m from the Portland Memorial Bowling Club and a short, easy stroll into the heart of Portland’s CBD for cafes, shopping, and the waterfront. Investment Ready Currently leased at $460 per week, this is a "set and forget" opportunity for your portfolio or a rock-solid start for your real estate journey. Key Features: Prime Corner Block: 717m² with dual access. Classic 1950s Build: Blending original character with a functional layout. Spacious Living: 3 bedrooms, 1 bathroom, 2 toilets, and a secure garage. Walk Everywhere: Moments from the Bowling Club and CBD. For more details or to organise your inspection contact exclusive agent Allan Barrett on 0438660057 or the team at Seaview Real Estate on 0355233822

Features

3 bedrooms
1 bathroom
1 carspace
1 garage space
715 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 54 Must Street is $446.25k.

Median value
$446.25k
Estimated value range
$255k - $960k
Median days on market
53
Estimated value trend
14%
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 54 Must Street

2026
Sold
$450,000
Private Sale/Treaty on 09 Jul 2026 by Allan Barrett, of Portland Seaview Real Estate
2024
Rented
Undisclosed
Leased on 29 Apr 2024 by Assets Real Estate Portland & Heywood
2020
Sold
$305,000
01 Nov 2020 by Sue Merryfull, of Assets Real Estate Portland & Heywood

Happy sellers in Portland

80%
80% 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 85 reviews in Portland over the last 12 months.

Local market activity for 3 bedroom houses in Portland

In the last 12 months, 122 three-bedroom houses similar to 54 Must Street, have been sold.

This represents a 12% increase in three-bedroom houses sales when compared to the previous 12 months.

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