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Overview
Character, Comfort & Considerable Upside
This well-maintained and character-filled home offers a comfortable lifestyle with considerable potential for future development. Featuring three bedrooms and two lounge areas, the residence welcomes you with polished hardwood floors and a warm fireplace, creating an inviting atmosphere. The spacious layout extends beyond initial impressions, providing ample room for living and entertaining.
Set on a generous approximately 632 square meter flat and rectangular allotment in central Frankston, this property benefits from its prime location close to the CBD. The land is situated within the highly sought-after Residential Growth Zone Schedule 1 (RGZ1), offering excellent opportunities for developers, investors, or land bankers. The zoning encourages higher-density development, making this site suitable for multi-townhouse projects, apartments, or premium dual-occupancy developments, subject to council approval.
The exterior features a charming weatherboard facade behind a high front fence, enhancing privacy and street appeal. Inside, the L-shaped lounge and dining room enjoy a northerly aspect, providing natural light and warmth. The living spaces flow seamlessly into a large open-plan family and meals area at the rear, adjacent to a stone-topped kitchen equipped with stainless steel appliances and a buffet island, ideal for everyday meals and social gatherings.
French doors lead to a covered deck that overlooks a substantial backyard shaded by established trees. The outdoor area is spacious enough for children to play freely and offers potential for a second dwelling or redevelopment, subject to council approval. The home includes three bedrooms with built-in robes, a centrally located bathroom, and a full-sized fitted laundry. The master bedroom is enhanced by full-width built-in robes and a private, updated ensuite.
Additional features include split-system air conditioning, evaporative cooling, and a freestanding single garage, completing the practical aspects of the property. The location is highly convenient, with close proximity to public transport, Frankston CBD, train station, Bayside Shopping Centre, Chisholm TAFE, PARC Recreation Centre, a revitalised entertainment and dining precinct, freeway access, and the scenic foreshore. This area continues to attract strong interest from both owner-occupiers and investors.
Currently tenanted, the property generates a weekly rental income of $581.53, making it an attractive option for investors or those looking to live in or develop in a thriving suburb. This address places you at the heart of Frankston's growing momentum, presenting a rare opportunity to secure a premium landholding with significant upside potential.
Act quickly to explore the possibilities this property offers.
- Living Area
- Air Conditioning
- Built-in Wardrobes
- Close to Frankston CBD
- Close to Schools
- Close to Shops
- Close to Transport
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Location
Frankston VIC 3199
Market Insights for Frankston VIC 3199
Other properties in this postcode
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