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5 Kenilworth Avenue, Frankston VIC 3199

$950,000

Search Band Search Visibility Band

$950k - $1.05M Low Confidence Calculated based on limited search observations.

House 3 Beds 1 Bath 1151 m²

Listed: 24 days ago

Updated: 19 hours ago

Overview

This property presents a rare opportunity perched on a substantial 1,151 square metre parcel of land within the desirable suburb of Frankston. The expansive block invites imaginative possibilities such as townhouse redevelopment (subject to council approval) or an extensive renovation project, ideal for those seeking to add significant value or craft a custom family residence.

Originally constructed in the 1960s, the home retains its period charm with expansive floor-to-ceiling windows that flood the interior with natural light, complemented by a northerly exposure enhancing warmth and brightness. A full-length balcony extends living outdoors, offering tranquil treetop vistas, providing a seamless blend of indoor and outdoor living—an appealing feature for those valuing connection with nature and relaxed lifestyles.

The existing three-bedroom layout includes built-in robes and shares a family bathroom, while the kitchen incorporates a practical servery window to the dining space, facilitating ease of entertaining and family interaction.

Below the main living area, a generous rumpus or workshop space offers versatile functionality, with potential internal connection via staircase pending approval, further expanding living or hobbyist options. The rear yard is generously sized, featuring established fruit trees and gated access to local bike and walking paths that link Frankston’s CBD to the extensive Peninsula Link trail, perfect for outdoor enthusiasts.

Suitably located within close walking distance to Jubilee Park’s sporting facilities, local shops, cafes on Heatherhill Road, and Leawarra train station, providing convenient lifestyle and transport connections.
Proximity to Monash University and zoning for Frankston High School makes it appealing to families prioritizing education access.
Offers a blend of original character with potential for modern revitalization or high-yield townhouse development, appealing both to savvy renovators and developers alike.

This listing is positioned as an auction, with no prior offers considered, emphasizing the market competitiveness and unique nature of the opportunity. Prospective buyers are encouraged to perform their own due diligence regarding the property condition and appliance functionality.

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.