12 Gairloch DriveFrankston VIC 3199
Property Details for 12 Gairloch Dr, Frankston
12 Gairloch Dr, Frankston is a 2 bedroom, 1 bathroom House with 1 parking spaces and was built in 1960. The property has a land size of 723m2 and floor size of 103m2. While the property is not currently for sale or for rent, it was last sold in August 2024. There are other 2 bedroom House sold in Frankston in the last 12 months.
Last Listing description (October 2024)
Welcome to 12 Gairloch Drive, Frankston - a property that perfectly blends potential with opportunity. This charming home, situated on an impressive 708 square metre block, offers an exciting chance for investors, developers, and homebuyers alike to create something truly special.
Key Features:
Land Size: A generous 708 square metres, providing ample space for future development.
Development Potential: Subject to council approval (S.T.C.A), you could retain the existing house and build an additional two homes at the rear.
Updated Bathroom: Recently renovated for modern convenience and style.
Flexible Floor Plan: Originally a 3-bedroom home, currently configured as a 2-bedroom with a large master suite. The owner is willing to reinstate the stud wall to revert to the original 3-bedroom layout before settlement.
Honest Overview:
While the photos of this property showcase its best features, it's important to acknowledge the work needed to bring this home to its full potential:
Roof: The property has an asbestos roof. Perfect if left alone however, unpopular building material amongst most.
Termite Damage: Some areas have termite damage, which will need addressing.
General Condition: The house needs significant work to restore it to its prime condition.
Why Invest?
Despite its current state, 12 Gairloch Drive offers incredible long-term value. With a strategic vision and some TLC, this property could become a prime asset in your portfolio. The location, land size, and development possibilities make it a wise investment for the future.
Conclusion:
This property is more than meets the eye. It's a project for the discerning buyer who can see beyond the present and envision the future. If you're ready to take on a rewarding challenge and capitalise on a great opportunity, 12 Gairloch Drive is waiting for you.
Property History for 12 Gairloch Dr, Frankston, VIC 3199
- 19 Aug 2024Sold for $599,999
- 31 Jul 2024Listed for Sale $599,500
- 18 Feb 2019Sold for $470,000
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0About 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 21,617 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.
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