FOR SALE
$960,000 to $1,050,000

3 Pepe Court
Frankston VIC 3199

Bedrooms: 9
Bathrooms: 3
Car spaces: -
Floor area: 200m2
Land area: 624m2
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Registered rooming house

Superbly situated directly behind Karingal Hub in paces of shops, restaurants, cinemas, public transport, Ballam Park and all essential services, this not to be missed buy is the rare find for the astute investor offering the perfect investment for income and growth with multi income streams and the potential to add further value.
A Frankston City Council registered rooming house with currently close to 100% occupancy and a gross rental return of $95,000pa, this perfect package in the ideal location offers a secure and high-yield investment opportunity for savvy buyers.
Spread over two sprawling levels, the home features nine bedrooms, an open plan kitchen and meals area with gas stove, plenty of cabinetry and glass door opening directly to the alfresco and generous garden patio.
A large master bedroom with dual built-in robes, ensuite, private retreat and external access is located on the lower level to provide a comfortable wing for parents or a house manager, while additional bathrooms on both levels service this large residence.
Renovated in recent years and immediately rentable, the property is located in walking distance to McClelland College, Ballam Park Primary School and great recreational and sporting facilities.

Property Details for 3 Pepe Ct, Frankston

3 Pepe Ct, Frankston is a 9 bedroom, 3 bathroom House. The property has a land size of 624m2 and floor size of 200m2. The place is currently for sale with Aquire Real Estate Frankston.

Building Type
House
Floor Size
200m2
Land Size
624m2

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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 21,615 properties. Over the last 5 years, Houses in Frankston have seen a 25.61% increase in median value, while Units have seen a 22.65% increase. As at 31 October 2024:

  • The median value for Houses in Frankston is $722,720 while the median value for Units is $505,673.
  • Houses have a median rent of $550 while Units have a median rent of $453.
There are currently 140 properties listed for sale, and 57 properties listed for rent in Frankston on OnTheHouse. According to CoreLogic's data, 908 properties were sold in the past 12 months in Frankston.

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Emily Apostolou
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Aquire Real Estate Frankston
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