All the street in this section of Port Melbourne have one thing in common....the design. In Pier Street, the houses aren't really modern, in fact most are a very weird yellow brick color. I really don't like it. But that's just my taste :) not sure if this would be good for resale value either...as each house doesn't look unique.
You do get however amazingly manicured gardens, and what looks to be a very friendly neighborhood. Amazing location, right near Beach Street with all the great amenities, and just a quick stroll down to the beach in summer. There is also a heap of on street parking, so no problems there either. Overall, if the design of the houses could be a little better, I would give it a 4/5 but unfortunately, I just don't like the look of same style house over and over.