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Overview
Situated on an expansive 610 square metre allotment with an impressive 30-metre frontage, 12 Derna Crescent offers exceptional potential for developers, builders and investors within a well-established Frankston locale. This distinctive parcel of land not only provides excellent exposure but also invites various possibilities such as redevelopment, subdivision, or the creation of a bespoke new home, subject to council approval.
The existing residence is a solid three-bedroom brick home featuring a practical floorplan, an updated central bathroom, built-in storage solutions, and covered parking for two vehicles. Complemented by a generous backyard, it serves as a versatile option for those wishing to renovate, retain as a long-term investment, or utilize as a holding property while development plans are pursued.
For visionaries and builders, the sizeable side boundaries of approximately 33.5 and 34.9 metres present an intriguing canvas to design a thoughtful residential project. The property’s location enhances its appeal, granting accessible proximity to shopping precincts, schools, parks, public transport links, medical facilities, and Frankston's scenic coastline. Its convenient access to major roads and Peninsula Link ensures straightforward travel within the Mornington Peninsula and Melbourne’s south-east suburbs.
Whether the buyer chooses to renovate the current home or harness the substantial land for redevelopment, this property combines rare frontage, significant land size, and a strategic location to facilitate the creation of a unique residence or investment opportunity. This listing represents a compelling prospect in a market where such configurations are increasingly scarce.
Local Market Insights
In Frankston, Quiet Listings observed 66 new houses entering the market over the last 30 days, up from 51 during the previous 30-day period, with an average advertised asking price of $893,121. The property type mix of listed properties is predominantly Houses at 59%, followed by units (16%), and apartments (9%). Murnane Real Estate was the most active agency in this area, representing 25.8% 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
Market Insights for Frankston VIC 3199
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