FOR SALE
$750k-$825k - Rent Ready 3 Unit Site (STCA)

25 Leonard Street
Frankston VIC 3199

Bedrooms: 4
Bathrooms: 1
Car spaces: 7
Floor area: 130m2
Land area: 802m2
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Existing 3 Bedroom Home & Bungalow on High-Demand Frankston Block Ready for Development (STCA)!

Welcome to 25 Leonard Street, Frankston – an 802m² property bursting with potential for investors and families alike. This generous block offers the exciting possibility for subdivision, with ample space to build two separate dwellings (STCA), making it an excellent investment in a high-demand area.
The classic Australian weatherboard cottage features three spacious bedrooms, each with built-in robes and ceiling fans, a sunlit living room adorned with decorative cornices, and a cozy gas wall heater. The tiled dining and kitchen area includes a modern, well-equipped kitchen with a large island bench, breakfast bar, and modern appliances, including a dishwasher. Additional amenities include evaporative cooling, ducted heating, and a bright rumpus/sun room.
This property includes a self-contained bungalow with its own kitchenette and bathroom, ideal for extended family or rental potential. Outdoors, you'll find a low-maintenance garden with a sizable shed/garage, a double carport, plus extra parking for a boat or caravan.
Conveniently located near McClelland Secondary College, Frankston East Primary, Frankston Beach, Chisholm TAFE, and local amenities, this property is a perfect blend of lifestyle and investment opportunity.
Local Lifestyle:
Tennis Club: Frankston Tennis Club, located approximately 1.5 km away at 6 Yuille St, Frankston.
Schools: Primary School - Frankston East Primary School, just 850 meters away. Secondary School - McClelland Secondary College, located around 2 km away at 31 Belar Ave, Frankston.
Daycare: Frankston House Sanctuary of Early Learning, 600 meters away at 34 Sweetwater Cres, Frankston.
Café: Cafe Dolce, located about 900 meters away at 30 McMahons Road, Frankston
Shop: The closest major shopping area is Bayside Shopping Centre, around 1.5 km away, which hosts various retail stores.
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Property Details for 25 Leonard St, Frankston

25 Leonard St, Frankston is a 4 bedroom, 1 bathroom House with 7 parking spaces. The property has a land size of 802m2 and floor size of 130m2. The place is currently for sale with OBrien Real Estate Frankston.

Building Type
House
Floor Size
130m2
Land Size
802m2

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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 21,716 properties. Over the last 5 years, Houses in Frankston have seen a 25.85% increase in median value, while Units have seen a 22.93% increase. As at 30 November 2024:

  • The median value for Houses in Frankston is $730,330 while the median value for Units is $515,139.
  • Houses have a median rent of $550 while Units have a median rent of $460.
There are currently 105 properties listed for sale, and 59 properties listed for rent in Frankston on OnTheHouse. According to CoreLogic's data, 934 properties were sold in the past 12 months in Frankston.

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Luke Magree
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John Mazzuchelli
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OBrien Real Estate Frankston
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