Back 40 Kareela Rd
Off Market

40 Kareela Rd

Frankston VIC 3199

2
2
1
House
Last sold for $515,000

Overview

Developer's delight with plans & permits approved

A prime corner allotment with plans and permits already approved for a dual-occupancy, this 721sqm (approx) property with an existing two-bedroom dwelling is an exceptional find for savvy developers ready to dive straight into their next project. Wonderfully situated within easy reach of major shopping centres, a broad selection of schools, Monash University and the Peninsula Link freeway for an effortless 45-minute trip to Melbourne, contemporary homes in this locality would appeal to an enormous market, promising a fast and lucrative turnaround. The existing residence offers its own sweet charm and rentability featuring two separate living areas, as well as ensuites off both bedrooms including the master with corner spa bath, while the front and rear alfresco areas provide lovely outdoor relaxation options to capture both the morning and afternoon sunshine. A golden prospect in a booming location for developers, investors, renovators or first-home buyers, the property includes ducted heating, lock-up garage and rollerdoor access directly off Ellis Street for boat/trailer parking, or second driveway for a dual-occupancy build. Should you require further information or would like to arrange a private inspection, please call Daniel Condon on 0438 866 486. Please note photo ID is required at all inspections.

Features

2 bedrooms
2 bathrooms
1 carspace
House

Estimated Value

Based on this property and similar 2 bedroom houses sold in Frankston over the last 12 months, the estimated median property value of 40 Kareela Rd is $673k.

Median value
$673k
Estimated value range
$250k - $2.25m
Median days on market
20
Estimated value trend
12%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Frankston. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 40 Kareela Rd

2021
Rented
Undisclosed
Leased on 30 Sep 2021 by Ray White Frankston
2016
Sold
$515,000
Private Sale/Treaty on 28 Sep 2016

Happy sellers in Frankston

91%
91% of sellers in Frankston reported that their sale price either exceeded or met their price expectations.

Frankston stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 194 reviews in Frankston over the last 12 months.

Local market activity for 2 bedroom houses in Frankston

In the last 12 months, 39 two-bedroom houses similar to 40 Kareela Rd, have been sold.

This represents a 36% increase in two-bedroom houses sales when compared to the previous 12 months.

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