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Overview
Seeking a secure and lucrative investment? This newly constructed double-storey property at 63 Dandenong Road East, Frankston offers a unique opportunity in a prime bayside location. The home is thoughtfully designed with nine individually tenanted rooms, each providing a comfortable and private living space. This well-maintained investment yields an impressive gross income of $161,600 annually, reflecting at least an 8.5% return. Furthermore, the property boasts a remarkable occupancy rate of 98.9% since the beginning, underscoring its strong desirability and tenant retention.
The property complies fully with Class 1 B building permits and is registered with the local council, reassuring compliance with all regulatory standards. Investors will benefit from land tax exemption and the financial advantages of Division 43 depreciation, enhancing overall return on investment. This property is located in a sought-after bayside area, conveniently close to beaches, shopping centers, cafes, parklands, and excellent public transport links, ensuring tenant convenience and satisfaction.
Architecturally, the property features a purpose-built design by a leading industry constructor. High ceilings enhance the spacious feel in each room, which also benefits from balconies or terraces, allowing residents to enjoy outdoor spaces. Each room includes an ensuite bathroom, offering privacy and comfort for tenants. For climate control, reverse cycle air conditioning and heating are provided in every room, ensuring year-round comfort. Tenants share access to a central kitchen, facilitating a communal area while maintaining privacy in individual units.
- High ceilings and architectural attention to detail
- Each room includes its own ensuite bathroom
- Balconies or terraces for outdoor enjoyment
- Reverse cycle air conditioning and heating in all rooms
- Central shared kitchen for tenant use
- Close proximity to beachfront, retail, dining, and parklands
- Excellent public transport options nearby
- Financial incentives including land tax exemption and depreciation benefits
This investment promises a hassle-free management experience, backed by a professional management team committed to maintaining high tenancy rates and ensuring compliance with all relevant standards. Overall, this property stands as a distinguished choice for investors seeking consistent returns in a thriving location.
Local Market Insights
In Frankston, Quiet Listings observed 80 new houses entering the market over the last 30 days, up from 50 during the previous 30-day period, with an average advertised asking price of $1,105,663. The property type mix of listed properties is predominantly Houses at 64%, followed by units (18%), and townhouses (6%). OBrien Real Estate was the most active agency in this area, representing 38.5% of all new listings in the last 30 days. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.
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
Measurements
| Type | Dimensions |
|---|---|
| Floor Area | 299 m² |
Market Insights for Frankston VIC 3199
Other properties in this postcode
* Search brackets are a technical classification derived from unverified metadata set by the listing agent for search filtering. It is not an official price guide, a valuation, or a representation of the seller's reserve. This data is provided for search transparency purposes only.
