21 Meerlu Avenue

Frankston VIC 3199

599 m²

House

Currently for sale - view listing

Overview

Two Assets, One Opportunity: House & Separate Rear Title

Sale By SET DATE 10/11/2026 at 5pm (Unless sold prior) Terms: Deposit: 5/10% Settlement: 30/60/90 days Rental: Leased $580 P/W (month-to-month) 21 Meerlu Avenue, Frankston offers a practical combination of immediate rental income and future development potential. The property consists of a tenanted three-bedroom brick home on its own lot (Lot 1), alongside an already subdivided rear allotment (Lot 2) on a separate title. The existing brick residence features a functional single-level floorplan with a light-filled front living room (fitted with split-system air conditioning), a central kitchen with gas cooking, three bedrooms, a main bathroom with a separate toilet, a dedicated laundry, and a covered rear alfresco area. While comfortable in its current condition for ongoing tenancy, it also provides clear scope for future renovations or updates. The rear allotment (Lot 2) measures approximately 190 square metres on title, accessed via a shared common property driveway (Common Property No. 1). Having the rear lot already on its own registered title removes the initial planning time and expense associated with land subdivision, offering a direct pathway to build a second residence (STCA) or hold as a dual-asset investment. Disclaimer: In preparing this information, Barry Plant Frankston has relied in good faith upon information provided by others and has made all reasonable efforts to ensure that the information is correct. The accuracy of the information provided to you (whether written or verbal) cannot be guaranteed. If you are considering this property, you must make all enquiries necessary to satisfy yourself that all information is accurate. Please note that inspection times are subject to change without notice, we suggest you check the online marketing/listing on the day.