1&2/50 Orwil Street
Frankston, VIC 3199

This unique property offers two homes on a single title, situated on a substantial corner allotment of approximately 702 square metres. This dual-residence opportunity presents immediate income potential, significant renovation possibilities, and ample land that supports various development options, subject to council approval. Located centrally in Frankston, the property benefits from a location that is experiencing positive growth and momentum, making it a compelling investment or family home prospect.

The primary residence is a triple-fronted blonde brick home featuring separate lounge and dining areas, a functional kitchen equipped with a vintage St George cooker, and a covered terrace at the rear. It includes three bedrooms with built-in robes, a central bathroom, a laundry, and a separate toilet, providing comfortable living spaces for a family.

The second home, which fronts Bradshaw Street, has been largely stripped back to a shell, offering a blank canvas for a complete transformation. It comprises two bedrooms, a spacious lounge, and distinct kitchen and bathroom areas, ready for customization to suit personal tastes and requirements.

The versatility of this property is exceptional. Buyers can renovate the rear home while residing in the front, then switch between the two, or live in one while renting out the other. Additionally, the property holds potential for subdivision or multi-dwelling development, subject to council approval, maximizing its value and utility.

Convenience is a key feature of this location, with bus stops at the doorstep, Kananook and Frankston train stations nearby, and easy access to the freeway. The Frankston Central Business District and the Long Island foreshore are also within close proximity, providing a range of amenities and lifestyle options. This property is well positioned to benefit from the surrounding infrastructure and ongoing development in the area.