FOR SALE
P.O.A.

23 Margate Avenue
Frankston VIC 3199

Bedrooms: 7
Bathrooms: 7
Car spaces: -
Land area: 1620m2
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Large Block 2 Titles

Large allotment (double block) opposite Bruce Park Playground and a short distance from Frankston Heights Primary school, Monash University (Frankston Campus) and a short drive from Frankston Shopping Centre and Beach.
The two blocks have a combined frontage of approximately 35.1 and a depth of 46.2 making it a versatile block for new developments (STCA)
Formely a child care centre the building is positioned to allow a large rear yard as a playground. In recent years this building has been cleverly converted to an seven-bedroom dwelling, each with their own bathroom facilities, air-conditioning, kitchenette and rooming house approval to provide individual leases for students and others within the community.
Individual room rents vary from $170-$190 per week. Approximate Gross Weekly Return of $1205
For a Private inspections, please contact Theresa Huynh on 0450 551 959
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Property Details for 23 Margate Ave, Frankston

23 Margate Ave, Frankston is a 7 bedroom, 7 bathroom Other. The property has a land size of 1620m2. The place is currently for sale with CENTURY 21 Theresa Huynh.

Building Type
Other
Land Size
1620m2

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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 21,642 properties. Over the last 5 years, Houses in Frankston have seen a 29.61% increase in median value, while Units have seen a 29.26% increase. As at 31 August 2024:

  • The median value for Houses in Frankston is $723,953 while the median value for Units is $518,419.
  • Houses have a median rent of $550 while Units have a median rent of $450.
There are currently 144 properties listed for sale, and 75 properties listed for rent in Frankston on OnTheHouse. According to CoreLogic's data, 918 properties were sold in the past 12 months in Frankston.

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Theresa Huynh
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Bon Ta
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CENTURY 21 Theresa Huynh
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