Offered for sale for the first time, this substantial 923m² (approx.) property presents an increasingly rare opportunity to secure a versatile landholding within the highly sought-after Frankston High School Zone.
Future Potential (STCA):
A site feasibility review has already been undertaken, identifying multiple potential pathways for the property (STCA)
• Retaining the existing home and undertaking a rear development (STCA)
• Construction of an additional dwelling behind the existing residence (STCA)
• Redevelopment of the site (STCA)
• Rooming house or alternative high-yield accommodation opportunities (STCA)
• Renovation and extension of the existing home (STCA)
• Long-term landbanking in a rapidly evolving growth corridor
Confidence Through Due Diligence:
Extensive investigations and compliance works have already been completed, providing valuable transparency and confidence for prospective purchasers. Available upon request:
• Gas Compliance Certification
• Electrical Compliance Certification
• Electrical Upgrade Documentation
• Updated Switchboard Certification
An Investment with Immediate Appeal:
For investors, the property offers an estimated rental return of approximately $560 per week. The existing residence is solid, functional and well maintained, allowing buyers to generate income whilst considering future plans.
Improvements include:
• Updated roof
• Fresh internal paintwork
• New carpet throughout
• New blinds
• Updated electrical systems
• Updated switchboard to main house
• Garage, workshop and storage area serviced by a separate, updated, compliant electrical switchboard
Key property features include:
• Light-filled front living room with gas fireplace
• Spacious kitchen with gas cooktop and gas oven as well as ample cupboard and bench space
• A designated dining area can be incorporated in to the kitchen space
• A large multi-purpose room adjoins the kitchen and may be utilised as a 3rd bedroom, or secondary living space
• Two additional generous bedrooms
• Large master bedroom with extensive built-in robes
• Original bathroom with shower and bathtub
• Separate laundry
• Separate toilet
• Rear sunroom provides an addiitonal storage space
Outside, the property offers:
• Double lock-up garage
• Workshop and additional storage facilities
• Ample off-street parking
• Expansive rear yard with future potential (STCA)
Location:
Frankston continues to establish itself as one of Melbourne's most significant metropolitan growth centres. Positioned between Melbourne CBD and the Mornington Peninsula, the city combines outstanding lifestyle appeal with substantial public and private investment. Major advantages include:
• Frankston High School Zone location
• Frankston Hospital redevelopment and expansion
• Monash University Peninsula Campus
• Chisholm Institute
• Direct rail access to Melbourne CBD
• Peninsula Link and EastLink connectivity
• Beaches, cafes, restaurants and coastal amenities
• Ongoing commercial, residential and infrastructure investment
As land becomes increasingly scarce and infrastructure investment continues to reshape the region, well-located allotments of this size are becoming increasingly difficult to secure. Few properties can offer such a broad range of possibilities.
For further information, available reports or to discuss the property's future potential, contact Leon Zuidema.
