13 Oxford St

Frankston VIC 3199

697 m²

House

Currently for sale - view listing

Overview

Keep the Front & Build at the Rear! Fully Renovated Home + Prime Subdivision Potential (STCA)

Whether you're looking for a savvy "land bank" investment or your next major construction project, 13 Oxford Street is the versatile gem you've been waiting for. Positioned in a high-demand pocket of Frankston, this property offers a rare trifecta of location, lifestyle, and lucrative development potential, already bolstered by the security of a fantastic renter currently in place. The property features a beautifully updated three-bedroom home, ensuring immediate rental returns while you finalize your future plans. The residence boasts a modern family kitchen, a sun-filled dining or study area overlooking the backyard, and fully renovated living spaces. Comfort is guaranteed year-round with a split system for heating and cooling, while the secure key-code entry and enclosed yard provide the low-maintenance security that high-quality tenants prioritize. The real value lies in the exceptional subdivision and development flexibility (STCA). Investors can choose to retain the existing renovated front home and the reliable income it provides while building a second dwelling at the rear. Alternatively, the site is perfectly primed for a complete transformation once the lease concludes, offering the space to knock down and rebuild one grand dream home or a high-density development of two townhouses. The location is unbeatable for long-term growth and consistent tenant appeal. You are only moments away from Frankston Hospital and Monash University, and most importantly, the property sits within the highly sought after Frankston High School Zone. With public transport and local amenities at your doorstep, this is a prime opportunity to secure a high-performing asset on a substantial block in one of the area's most practical and sought-after locations. Should you require any further information, please do not hesitate to contact Brooke Wegener on 0448 382 643 anytime. Please note Photo ID is required for all inspections. All information about the property has been provided to Ray White by third parties. Ray White has not verified the information and does not warrant its accuracy or completeness. Parties should make and rely on their own enquiries in relation to the property.