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12 Glenview Crescent, Frankston VIC 3199

$900,000 - $950,000

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$900k - $945k Transparent Transparent Listing Based on an openly advertised listing price.

House 4 Beds 2 Baths 4 Cars 932 m²

Listed: 37 days ago

Updated: 6 hours ago

Overview

Positioned on a generous block exceeding 900 square metres, this expansive four-bedroom house offers a compelling canvas for seasoned renovators, builders, investors, and developers aiming to realize considerable value through a comprehensive renovation.

The property is a significant project, requiring structural and aesthetic upgrades including a completely new kitchen, updated appliances, fresh floor coverings, window dressings, and repainting throughout. Notably, the existing solid-fuel heater is currently non-functional, and the in-ground swimming pool is in disrepair, emphasizing the need for substantial refurbishment.

The home stands on a concrete slab foundation and encompasses a large flexible floorplan. Four bedrooms all feature built-in robes, with the main bedroom enhanced by an ensuite and walk-in wardrobe. The formal lounge is distinguished by cathedral ceilings with exposed timber and a brick wall featuring an open fireplace, creating a warm and character-filled ambiance.

Multiple oversized living, dining, and family zones form a versatile foundation for family-oriented living and entertainment. A built-in bar with direct access to the backyard reinforces the property's potential as a gathering space for social occasions. The layout provides space that can be adapted into a separate study or home office, complete with a powder room and ample built-in storage.

Externally, an extensive covered entertaining area broadens the property's appeal for outdoor living and social activities. A former triple-length enclosed carport has been repurposed into substantial storage, workshop, and home-office space, adding functional versatility.

The sizeable allotment may offer future potential for subdivision or redevelopment, conditional on council approval. Removal of an existing side garage/storage structure could create valuable clearance between the home and the boundary, which is significant for buyers interested in development opportunities.

Conveniently located near parks, sporting clubs, shopping precincts, and accessible road links, the property serves well those seeking proximity to amenities and transport. It provides a substantive opportunity to reimagine and enhance a substantial family home with considerable space inside and out.

While requiring a committed investment of time and resources, this property’s combination of space, location, and potential offers a rewarding prospect for the determined buyer prepared to invest in its transformation.

Local Market Insights

In Frankston, Quiet Listings observed 63 new houses entering the market over the last 30 days, down from 72 during the previous 30-day period, with an average advertised asking price of $1,042,921. The property type mix of listed properties is predominantly Houses at 68%, followed by units (12%), and apartments (8%). The most active agency for houses in the Frankston area is currently OBrien Real Estate, representing 21% of new listings, followed by Ray White with 17%. 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.