Back 8 Richmond Street
Off Market

8 Richmond Street

Portland VIC 3305

4
2
1
755 m²
House
Last sold for $470,000
Jason SaundersJason Saunders, last sold this property on 15 April 2026 after 176 days on market.

Overview

Central Opportunity with Unlimited Potential in Thriving Coastal Town

Situated in the heart of Portland, this versatile property offers a rare chance to secure a prime position in a growing coastal community. Set on a generous 754m² block within a vibrant commercial zone, the residential dwelling has been streamlined into one spacious residence by the current owner, who had plans to further develop the site. The property has planning permissions and architectural drawings for your benefit designed to take in the natural light and vision of the church Spire and Bluestone & Brick surrounding walls. Recently purchased as a long-term investment and development opportunity, this is now a regretful sale. The home offers a flexible layout that still holds outstanding potential to be reconfigured back into two separate units, should the next owner wish to explore dual occupancy or income-generating options. Potential Sea views or Port views with a second storey development (STCA). Whilst requiring renovating on the Northern side, a section of the house can be comfortably lived in with one large bedroom, bathroom, kitchen, lounge and covered in back verandah. Boasting a highly visible and convenient location, the property is surrounded by some of Portland's most popular attractions-including the Botanical Gardens, Churches, Library, Swimming complex with gym, Schools, Arts Centre-as well as a thriving selection of banks, supermarkets, florists, cafés, and shops. This is an ideal setting for anyone seeking a central base with strong development or commercial potential to run a business from home with easy access to Melbourne & surrounds. Whether you're looking to live, invest, or create something entirely new, this unique property offers the space, zoning, and location to bring your vision to life. Opportunities like this in Portland's bustling town centre are few and far between-act quickly to make it yours. Contact one of our agents today on 55223333.

Features

4 bedrooms
2 bathrooms
1 carspace
1 open car space
755 m² lot size
House

Estimated Value

Based on this property and similar 4 bedroom houses sold in Portland over the last 12 months, the estimated median property value of 8 Richmond Street is $580k.

Median value
$580k
Estimated value range
$310k - $1.23m
Median days on market
91
Estimated value trend
5%
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 8 Richmond Street

2026
Sold
$470,000
15 Apr 2026 by Jason Saunders, of Assets Real Estate Portland & Heywood
2025
Sold
$470,000
Private Sale/Treaty on 05 Feb 2025 by Angie Steel, of 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 4 bedroom houses in Portland

In the last 12 months, 56 four-bedroom houses similar to 8 Richmond Street, have been sold.

This represents a 6% increase in four-bedroom houses sales when compared to the previous 12 months.

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