SOLD
Sold on 02 Jan 2024 for $830,000

26A Queen Street
Frankston VIC 3199

Bedrooms: 7
Bathrooms: 2
Car spaces: -
Floor area: 223m2
Land area: 870m2
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Property Details for 26a Queen St, Frankston

Building Type
Land
Year Built
2010
Floor Size
223m2
Land Size
870m2
Local Government
Frankston
Lot/Plan
2/LP36280

Last Listing description (March 2024)

*If you would like to know more about this property, please email agent through this web site and you will immediately get back a link to all the information plus the plans / permits etc*

Like the goose that lays the golden egg, this property just keeps on giving! It's a wonderful little 'cash cow' now while you prepare for the build and then it's up to you if you sell the 5 new properties or continue to lease them out after construction. Either way, the central Frankston location will ensure you do extremely well as you are an easy walk to Frankston Central, TAFE, PARC and of course the Train Station.


The property features:

Land Size: 870m2 approx.
Large Front 2-bedroom Home
5 x bed sitters behind the original home (see floorplan for set out)
Off road parking and shedding at the rear
Plans and permits for 2 x 3-bedroom dwellings and 3 x 2-bedroom dwellings
Current Income approx. $58k per annum (currently it is full occupancy)
Flexibility of up to 12 months settlement period available


*Please do own due diligence via your legal representative and financial planner prior to considering this property and future potential*

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Property History for 26a Queen St, Frankston, VIC 3199

A timeline of how this property has performed in the market
Last Sold
$830,000
02 Jan 2024
Listed for Rent
$175/w
27 Mar 2023
  • 02 Jan 2024
    Sold for $830,000
  • 07 Nov 2020
    Sold for $665,000
  • 22 Mar 2019
    Listed for Sale BOARDING HOUSE - $699,000
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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 21,628 properties.

    There are currently 126 properties listed for sale, and 62 properties listed for rent in Frankston on OnTheHouse. According to CoreLogic's data, 909 properties were sold in the past 12 months in Frankston.

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