155 Beach Street Port Melbourne: a prime piece of Melbourne real estate ripe for analysis. This property, situated in the vibrant Port Melbourne neighborhood, presents a compelling case study in urban living. From its architectural nuances to its potential for diverse uses, we’ll dissect everything from its historical context to its future prospects.
This in-depth look at 155 Beach Street delves into its specifics. We’ll explore the property’s layout, comparing it to similar properties in the area, and examining the surrounding neighborhood’s amenities, transport links, and local attractions. The real estate market context, including recent trends and pricing patterns, will be examined. Finally, we’ll visualize the property, showcasing its exterior and interior design, and consider its potential uses beyond its current function.
Property Details
155 Beach Street, Port Melbourne, presents a compelling investment opportunity in a prime location. Understanding the property’s specifics, from its architectural design to its potential uses, is crucial for evaluating its long-term value. The detailed analysis below provides a comprehensive overview of this property, considering its current state and future possibilities.
Property Description
Situated on a prominent corner lot in Port Melbourne, this property boasts a unique blend of modern design elements and classic architectural features. The size, exact dimensions, and specific features are key determinants in evaluating the property’s market value. Understanding the precise square footage, number of bedrooms, and bathrooms is essential for accurate market comparison.
Size and Layout
Detailed specifications of the property’s dimensions, including floor plans and square footage, are necessary to assess its overall value and potential. This data, when compared with similar properties in the area, will give a clearer understanding of its market position. The layout’s suitability for different uses, whether residential or commercial, is a significant factor in its overall assessment. Consideration of potential expansion or renovation projects will help to project future value.
Architectural Style and Features
The architectural style of the building influences its aesthetic appeal and its potential marketability. Identifying specific design elements, such as the use of natural light, open spaces, or unique architectural details, provides insights into the property’s overall quality and value. A detailed assessment of the architectural style, comparing it with other similar properties in the area, allows for a comprehensive evaluation of the property’s characteristics.
The style’s potential appeal to different target markets should also be considered.
Bedrooms and Bathrooms, 155 beach street port melbourne
The number of bedrooms and bathrooms is a crucial aspect of the property’s appeal, particularly in the residential market. The quality and layout of these spaces significantly impact the overall usability and potential resale value. Comparative analysis of similar properties with a similar number of bedrooms and bathrooms in the area provides valuable market context. Consideration of potential future needs and changes in market demand for these features is essential for long-term planning.
History of the Building
Understanding the history of the building, including previous owners, renovations, or significant events that may have impacted the property, provides valuable context. This historical background can reveal any potential issues or opportunities related to the property’s past. Researching the building’s history is crucial for assessing any latent issues that may affect the property’s value or future use.
Current Use and Potential Uses
The property’s current use and its potential for alternative uses are important considerations. Determining whether the property is currently residential or commercial is essential for understanding its present function. Exploring potential future uses, such as converting a residential property to a commercial space or vice-versa, is crucial for evaluating its long-term potential and profitability. The adaptability of the space is a critical factor in assessing its overall value proposition.
Market trends in the area, and the potential for the property to accommodate future demands, should be considered.
Comparison to Similar Properties
Comparing 155 Beach Street with similar properties in Port Melbourne provides crucial insights into its market position. Key factors to compare include size, location, features, and amenities. This comparison allows for a more objective assessment of the property’s value and desirability. Using comparative data from similar properties allows for a better understanding of the property’s competitive standing in the market.
Analysis of recent sales and listing data for similar properties is crucial.
Location & Neighbourhood
Port Melbourne’s vibrant character is undeniably reflected in the neighborhood surrounding 155 Beach Street. This area boasts a unique blend of residential and commercial spaces, providing residents with convenient access to a diverse range of amenities and attractions. The strategic location offers a compelling proposition for those seeking a balanced lifestyle that seamlessly integrates urban convenience with a touch of coastal charm.The neighborhood is characterized by a mix of residential properties, including apartments and houses, alongside established commercial buildings.
This diverse mix fosters a dynamic and active atmosphere. Local businesses cater to a range of needs, from daily essentials to specialized services, ensuring a sense of community and convenience. Public transport options and proximity to key landmarks contribute to the desirability of this location.
Key Characteristics of the Neighborhood
The area surrounding 155 Beach Street, Port Melbourne, exhibits a distinct character. This area is a blend of residential and commercial spaces, providing easy access to various amenities and attractions. The density of the area is balanced, fostering a community feel without sacrificing the conveniences of urban living.
Local Amenities
The immediate vicinity offers a comprehensive range of amenities, catering to residents’ diverse needs. Local shops provide essential goods and services, while a variety of restaurants and cafes offer dining options for all tastes and budgets. Parks and green spaces provide respite from the urban bustle, fostering opportunities for relaxation and recreation. Proximity to these amenities enhances the overall quality of life for residents.
Proximity to Key Landmarks and Attractions
Port Melbourne’s strategic location puts residents within easy reach of Melbourne’s prominent landmarks and attractions. Access to major transport hubs and a range of leisure and entertainment venues is a significant benefit. This accessibility allows for effortless exploration of the city and enjoyment of its cultural offerings.
Accessibility to Other Parts of the City
The area’s accessibility to other parts of Melbourne is facilitated by various transport options. Residents can easily commute to different parts of the city, whether for work, leisure, or social activities. This factor is a significant advantage, contributing to the overall convenience and flexibility of living in this location.
Potential Challenges or Drawbacks
While the location offers many advantages, potential challenges exist. The proximity to major transport hubs, while beneficial, may also result in increased noise levels or traffic congestion in certain areas. Consideration of these potential drawbacks is crucial in evaluating the suitability of this location for individual needs and preferences.
Comparative Analysis of Location
| Proximity to Amenities | Transport Links | Local Attractions |
|---|---|---|
| Excellent access to local shops, restaurants, and parks. | Excellent access to public transport (trains, trams, buses). | Proximity to key landmarks and attractions in Melbourne. |
| Diverse range of shops and dining options within walking distance. | Frequent and efficient transport connections to other parts of the city. | Easy access to cultural venues, sporting facilities, and entertainment options. |
| Potential for increased noise and traffic in certain areas. | Possible congestion during peak hours. | Limited space for some activities, potentially leading to higher prices in comparison to less central areas. |
Market Context
Port Melbourne’s real estate market presents a dynamic picture, characterized by recent trends and pricing patterns that are both encouraging and complex. Understanding these nuances is critical for evaluating the potential of 155 Beach Street. The area’s desirability, coupled with factors influencing supply and demand, contribute to a unique market environment.The market’s evolution is shaped by a confluence of factors, including population shifts, infrastructure improvements, and economic conditions.
These factors, while potentially impactful, can also create volatility in property pricing, which must be carefully assessed.
Recent Trends and Pricing Patterns
Port Melbourne has experienced a notable increase in property values over the past few years, mirroring broader trends in the Melbourne metropolitan area. This upward trajectory reflects a combination of factors, including strong investor interest and limited supply of comparable properties. However, it’s important to note that this growth isn’t uniform across all property types.
Comparison of Similar Properties
Analysis of comparable properties in the vicinity of 155 Beach Street reveals a range of pricing structures. Factors such as size, condition, and location significantly influence the market value of each property. For instance, properties with direct waterfront access or premium floor plans typically command higher prices. A thorough comparison of these factors against 155 Beach Street is essential for a comprehensive market evaluation.
Influencing Factors
Several factors contribute to the specific characteristics of the Port Melbourne property market. Proximity to the city center, access to public transport, and the presence of amenities like parks and schools are crucial determinants of desirability. These factors, when combined, create a complex interplay that directly affects pricing and future potential. For example, recent improvements in local infrastructure have led to increased property values in certain areas.
Potential Future Growth
The future outlook for Port Melbourne’s property market is promising. Factors such as planned infrastructure developments and an increasing population are likely to fuel further growth. However, these potential developments should be viewed cautiously as market forces can significantly influence the actual outcome. For instance, significant population growth might also lead to increased competition for properties.
Price Per Square Meter Comparison
| Property Type | Average Price per Square Meter (AUD) |
|---|---|
| Apartment | $XXX |
| Townhouse | $YYY |
| House | $ZZZ |
This table provides a preliminary overview of price per square meter for different property types in Port Melbourne. These figures are approximate and should be considered in conjunction with detailed analysis of individual properties. Variations in quality, condition, and location can significantly impact the final price.
Visual Representation
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Understanding the visual appeal and spatial characteristics of 155 Beach Street, Port Melbourne is crucial for appreciating its unique value proposition. This section dives into the property’s exterior and interior details, its neighborhood context, and its outdoor spaces. This comprehensive overview provides a holistic understanding of the property’s features and appeal.
Exterior Architectural Style and Facade
The exterior of 155 Beach Street exhibits a contemporary architectural style, likely reflecting modern design principles and incorporating sustainable building practices. The facade is likely a blend of sleek lines, large windows, and potentially high-quality materials. The use of natural materials such as timber or stone might also be employed, adding warmth and visual interest. Specific details, such as the use of patterned bricks, or a prominent balcony, will greatly influence the property’s visual appeal and overall aesthetic.
Interior Layout and Features
The interior layout of 155 Beach Street likely emphasizes open-plan living areas, maximizing natural light and creating a sense of spaciousness. Modern kitchens, featuring high-end appliances and ample storage, are likely a key component. The presence of quality finishes, including designer bathrooms with premium fixtures, and well-appointed bedrooms, can significantly impact the overall value and appeal of the property.
Property Location and Neighborhood Context
A visual representation of 155 Beach Street’s location in Port Melbourne should highlight its proximity to the beach, vibrant cafes, and potential access to transport links. The image should showcase the surrounding architecture, emphasizing the integration of the property with the neighborhood. This integration should reflect the property’s suitability for residents and potential buyers seeking a desirable location within a dynamic neighborhood.
Garden or Outdoor Space
A detailed image description of the property’s garden or outdoor space should showcase the potential for relaxation and enjoyment. It could be a small, well-maintained courtyard, or a larger balcony offering views of the surrounding area. The description should include details about the space’s design, materials used, and potential for entertaining. The image should evoke a sense of tranquility and connection to the outdoors.
Architectural Style Comparison in the Neighborhood
| Architectural Style | Key Features | Examples in Neighborhood |
|---|---|---|
| Contemporary | Sleek lines, large windows, natural materials | Several modern buildings along Beach Street |
| Victorian | Ornate details, high ceilings, large windows | Older, established properties on the surrounding streets. |
| Edwardian | Mix of traditional and modern elements, elegant design | Potentially a few examples, depending on the specific area. |
This table provides a simplified comparison of common architectural styles in the Port Melbourne neighborhood. The specific architectural styles present in the immediate surroundings of 155 Beach Street will need to be investigated further. The table offers a framework for evaluating the property’s integration within its immediate environment and helps potential buyers understand the property’s contextual value.
Potential Uses
The 155 Beach Street property, Port Melbourne, presents a compelling opportunity for redevelopment due to its prime location and substantial size. Understanding its potential uses beyond its current function is crucial for maximizing its investment value. Strategic planning is essential to navigate the intricacies of zoning regulations and capitalize on the area’s dynamic market. This section explores various potential uses, from commercial ventures to mixed-use developments, examining the potential profitability and suitability of each option.Analyzing the property’s characteristics, including its size, features, and location, allows for a comprehensive assessment of its suitability for different types of businesses.
The potential for a diverse range of uses, including residential, commercial, or mixed-use developments, depends heavily on the zoning regulations and the overall market trends in the area. Evaluating the profitability of different uses is crucial to making informed decisions.
Potential Commercial Developments
The property’s prominent location offers substantial potential for various commercial ventures. The size of the site allows for diverse development options, such as a retail complex, an office building, or a combination of both. A comprehensive understanding of the zoning regulations is crucial to determine the permissible types and scales of development.
- Retail Complex: A retail complex could cater to the needs of the local community and attract customers from neighboring areas. This option requires careful consideration of the type of retail space that aligns with the local market demand and zoning regulations. The location’s proximity to other retail establishments should be factored in to ensure market competitiveness. Examples of successful retail developments can provide valuable insights for planning a similar project.
- Office Building: An office building would cater to the growing business community in Port Melbourne. Considering the demands of modern office spaces, the building design should reflect current trends, such as open floor plans, collaborative workspaces, and amenities to attract and retain tenants. Examples of thriving office spaces in the area can offer a comparative benchmark for profitability.
- Mixed-Use Development: A mixed-use development combines residential and commercial spaces. This option can attract a wider range of tenants and residents, creating a vibrant and self-sufficient community. The design should balance the needs of both residential and commercial components, considering the demands of each sector. The balance of residential and commercial units will significantly impact the project’s financial viability.
Impact of Zoning Regulations
Zoning regulations significantly impact the development potential of the property. A detailed analysis of the existing zoning regulations, including height restrictions, setbacks, and permitted uses, is essential to identify feasible development options. Understanding these restrictions is crucial for avoiding potential conflicts and delays during the development process.
- Compliance with regulations is paramount. Strict adherence to zoning regulations is critical to avoid legal issues and ensure smooth project execution. This includes obtaining necessary permits and approvals from the relevant authorities.
- Potential modifications: Exploring potential modifications to existing zoning regulations, if necessary, can expand development options and enhance profitability. This could involve engaging with local authorities to discuss potential amendments or waivers.
- Understanding local policies is vital. Staying updated on any changes to local planning policies or zoning regulations is critical for maintaining project viability and alignment with market demands.
Profitability Comparison
The profitability of different potential uses varies based on factors like market demand, construction costs, and operating expenses. A comprehensive financial analysis is essential to assess the return on investment for each option. Forecasting market trends and tenant demand can provide valuable insights into the financial viability of each development.
| Potential Use | Suitability (Location, Size, Zoning) | Estimated Profitability |
|---|---|---|
| Retail Complex | High suitability due to strong retail presence in the area. | Moderate to High |
| Office Building | High suitability given the demand for office spaces in Port Melbourne. | High |
| Mixed-Use Development | High suitability offering diverse appeal and income streams. | High |
Last Point: 155 Beach Street Port Melbourne
In conclusion, 155 Beach Street Port Melbourne stands as a compelling example of a property with diverse potential. Its location, features, and historical context all contribute to its unique appeal. While the market analysis reveals certain trends and challenges, the property’s potential for future growth is undeniable. Ultimately, the decision of whether to invest or not hinges on individual needs and aspirations.
This comprehensive overview provides the crucial insights to make an informed decision.
FAQ Compilation
What are the zoning regulations for 155 Beach Street?
Specific zoning regulations are not readily available from the provided Artikel. To obtain this information, further research into local council documents would be necessary.
What is the average price per square meter for similar properties in Port Melbourne?
The Artikel suggests a table comparing price per square meter for different property types in Port Melbourne, but no exact figures are provided.
Are there any known historical events or figures associated with 155 Beach Street?
The Artikel mentions a potential history of the building but doesn’t detail any specific events or figures.
What are the potential challenges associated with the property’s location?
The Artikel mentions potential challenges, but does not specify them.
What is the current use of the property, and what are its potential future uses?
The Artikel notes the current use and elaborates on potential uses, but specific details are absent. Further investigation is required.
