FOR SALE
$2M - $2.2M (Add More Units or Redevelop, STCA!)

1-6/36 Fairway Street
Frankston VIC 3199

Bedrooms: 12
Bathrooms: 6
Car spaces: 12
Land area: 1169m2
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Rare Title-Holding Opportunity: Prime Block with Six Units!

Discover an exceptional investment opportunity with this prime block of land featuring six well-maintained rental units (seperate titles), currently generating an impressive rental yield of over 5%. This property not only offers immediate cash flow but also presents a unique title-holding opportunity for developers and investors alike.
Envision the future! With ample space for expansion, you have the potential to add more units (STCA), tapping into the increasing demand for housing in this vibrant area. Alternatively, consider a redevelopment project to unlock even greater value—transforming this site into a modern residential or mixed-use development.
Strategically located and brimming with possibilities, this property is a rare find in today's market. Whether you’re a seasoned developer or an astute investor looking to diversify your portfolio, this is your chance to make a lasting impact.
Don’t let this opportunity pass you by! Contact us today to explore the potential and secure your stake in this promising venture!
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Property Details for 1-6/36 Fairway St, Frankston

1-6/36 Fairway St, Frankston is a 12 bedroom, 6 bathroom BlockOfUnits with 12 parking spaces. The property has a land size of 1169m2. The place is currently for sale with OBrien Real Estate (Chelsea).

Building Type
BlockOfUnits
Land Size
1169m2

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About Frankston 3199

The size of Frankston is approximately 19.8 square kilometres. It has 72 parks covering nearly 21.2% of total area. The population of Frankston in 2011 was 35,009 people. By 2016 the population was 36,090 showing a population growth of 3.1% in the area during that time. The predominant age group in Frankston is 30-39 years. Households in Frankston are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Frankston work in a professional occupation. In 2011, 58.7% of the homes in Frankston were owner-occupied compared with 56.8% in 2016.

Frankston has 21,561 properties. Over the last 5 years, Houses in Frankston have seen a 28.22% increase in median value, while Units have seen a 25.38% increase. As at 30 September 2024:

  • The median value for Houses in Frankston is $723,155 while the median value for Units is $511,678.
  • Houses have a median rent of $550 while Units have a median rent of $450.
There are currently 151 properties listed for sale, and 62 properties listed for rent in Frankston on OnTheHouse. According to CoreLogic's data, 897 properties were sold in the past 12 months in Frankston.

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Sam Khurana
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Stavros Ambatzidis
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OBrien Real Estate (Chelsea)
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