FOR SALE
$950,000-$1,020,000

27 Olympic Avenue
Frankston VIC 3199

Bedrooms: 5
Bathrooms: 2
Car spaces: 4
Land area: 783m2
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Design Meets Opportunity: Classic Mid-Century Home with Self-Contained Studio on Sub-dividable Block (STCA)!

Welcome to this mid-century, white weatherboard home nestled on a generous 783 m² sub-dividable block (STCA), perfect for your next investment or family haven. Enjoy the privacy of a tall brick fence and a spacious side driveway leading to the double lock up garage/workshop and the expansive backyard that presents the opportunity to keep the existing home and develop at the back (STCA).
The front garden is a delightful retreat, featuring fragrant magnolias and star jasmine, ideal for outdoor entertaining or quiet meditation. Inside, experience nostalgic charm with myrtle timber floorboards, a large sunken living space complete with a ceiling fan and wall heater, and a dining area bathed in natural light. The retro kitchen boasts a walk-in pantry, original Simpson appliances, and a modern Bosch dishwasher, with a convenient study nook/kitchen bench.
The master bedroom is a tranquil escape, featuring ample wardrobe space, while the second bedroom includes a Jack and Jill bathroom and built in robe. A versatile third bedroom can serve as a study or guest room.
For added flexibility, the self-contained studio is reminiscent of a New York apartment, featuring exposed timber beams, modern kitchen with large timber island bench, two additional bedrooms, and a bathroom with subway tiled shower, vanity and toilet, making it perfect for multi-generational living or additional rental income.
With direct access to Lee Reserve and Jubilee Park, this property is ideally located near sports facilities, walking trails, eateries, and schools, including Frankston East Primary and McClelland Secondary College. Don't miss this rare opportunity to own a versatile property in a prime Frankston location!
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Property Details for 27 Olympic Ave, Frankston

27 Olympic Ave, Frankston is a 5 bedroom, 2 bathroom House with 4 parking spaces. The property has a land size of 783m2. The place is currently for sale with OBrien Real Estate Frankston.

Building Type
House
Land Size
783m2

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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 104 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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Oliver Muehlke
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