FOR SALE
$2,350,000 - $2,450,000

1 Hopes Rise
Frankston South VIC 3199

Bedrooms: 3
Bathrooms: 2
Car spaces: 2
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Redevelop or Renovate and Realise the Potential

Located on the picturesque Olivers Hill in Frankston South, this iconic landmark residence offers breathtaking panoramic vistas stretching from Frankston's coastline to Port Phillip Bay and Melbourne's city skyline. A true gem among the bay's early homes, this property invites you to own a piece of enchanting Bayside history. Alternatively re-develop and realise the potential of this great sized land in an unmatched position.
Just a stone's throw away from a wide sandy beach and conveniently situated opposite the boat ramp and boardwalk leading to Frankston's city center, you'll have access to a plethora of dining options, entertainment, and endless shopping. It's a rare opportunity to acquire a lifestyle property steeped in rich historical charm.
This three-bedroom clinker brick home is adorned with stunning Art Deco features, boasting high ceilings, picture rails, and sash windows with wide sills. Nearly every room in the house offers mesmerizing water views, allowing you to witness the bay's ever-changing moods from the comfort of your lounge, and to savor the coastal lights as they put on a sparkling spectacle after dusk.
Inside, the open floor plan seamlessly blends the grand lounge and dining areas. Over the years, thoughtful updates have added a granite kitchen, a master ensuite with a walk-in robe, as well as ducted heating and air conditioning for your comfort.
Situated on a generous 671m2 (approx.) allotment, this residence boasts a sweeping dual driveway and also includes an Art Deco-style bathroom, a sunny rear breakfast terrace, a lower-level garage, a storage room, and tremendous potential for further modernization or transformation adding instant equity in a prized location.
Located within the highly regarded Frankston High School zone, this property is just moments away from the George Pentland Botanical Gardens, Sweetwater Creek Nature Reserve trails, Frankston Hospital, Monash University, Frankston Arts Centre, and various sporting clubs. It's a remarkable opportunity to make this piece of Frankston South history your own.

Property Details for 1 Hopes Rise, Frankston South

1 Hopes Rise, Frankston South is a 3 bedroom, 2 bathroom House with 2 parking spaces. The place is currently for sale with Radius Real Estate.

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About Frankston South 3199

The size of Frankston South is approximately 14.6 square kilometres. It has 36 parks covering nearly 10.1% of total area. The population of Frankston South in 2011 was 17,612 people. By 2016 the population was 18,183 showing a population growth of 3.2% in the area during that time. The predominant age group in Frankston South is 40-49 years. Households in Frankston South are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Frankston South work in a professional occupation. In 2011, 77.9% of the homes in Frankston South were owner-occupied compared with 76.2% in 2016.

Frankston South has 8,097 properties. Over the last 5 years, Houses in Frankston South have seen a 27.72% increase in median value, while Units have seen a 24.16% increase. As at 31 October 2024:

  • The median value for Houses in Frankston South is $1,120,155 while the median value for Units is $706,713.
  • Houses have a median rent of $650 while Units have a median rent of $550.
There are currently 51 properties listed for sale, and 11 properties listed for rent in Frankston south on OnTheHouse. According to CoreLogic's data, 338 properties were sold in the past 12 months in Frankston south.

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