This is a house on a parcel in 30/LP7862 Frankston VIC. Data from comparable sales value it at about $680,000. Constructed in 1950, it has 3 bedrooms, 1 bathroom.
GOLDEN OPPORTUNITY$$ Located in a prime central Frankston location, just a few minutes’ walk to Frankston’s CBD and the beach, this classic weatherboard home oozes charm and charisma but also screams development opportunity! Sitting on a great sized block of 686sqm (approx.) this three-bedroom property has been fully renovated and recently painted inside and out.A much loved home, the traditional character is instantly appealing from the street, with a wide decked veranda framing the home. The yellow front door warmly welcomes you inside, where you will find magnificent soaring Dutch style ceilings, original wide hardwood floorboards and beautiful timber sash and casement windows. The L-shaped living and dining room are light and spacious and feature a stunning open fireplace; creating the perfect atmosphere on a winters night. The galley style updated kitchen includes gas cooking, a Miele dishwasher and fitted laundry, complete with dryer. There are 3 bedrooms, 2 with great sized built in wardrobes and ceiling fans and the third bedroom with doors leading to the backyard, making it a possible 2nd living area. Outside the large backyard is private and secure and includes a delightful decked veranda, children’s playground, garden shed, and double gates providing vehicle access to the backyard. And not to forget, there is also ducted heating, 2 split system air conditioners, large walk in linen cupboard and has been fully insulated and rewired. However, the most surprising feature of the property is the multiple development opportunities possible; with property sitting in a highly desirable high density zone. Investors and developers will jump at this opportunity, with the chance to subdivide or build multiple apartments (STCA).Coupled with a fantastic existing home which is currently tenanted at $390/week for 12 months, and all this with possible development opportunity and a great location this property will not last long!