OFF MARKET

27 Lewis Street
Frankston VIC 3199

Bedrooms: 4
Bathrooms: 2
Car spaces: 1
Floor area: 169m2
Land area: 711m2
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Last updated 30 Sep 2024
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Property Details for 27 Lewis St, Frankston

27 Lewis St, Frankston is a 4 bedroom, 2 bathroom House with 1 parking spaces. The property has a land size of 711m2 and floor size of 169m2. While the property is not currently for sale or for rent, it was last sold in March 2017.

Building Type
House
Floor Size
169m2
Land Size
711m2
Local Government
Frankston
Lot/Plan
1/LP20233

Last Listing description (January 2021)

Ideal Investment opportunity with excellent potential of subdivision over 711m2 of premium land.
Investors and home buyers alike will score this opportunity a 10 out of 10 on potential....Positioned in an excellent location of Frankston with existing plans of 3xUnit Development already lodged in at council !

So close to Beach, Main Shopping Centre, Local Schools, and within 1 minutes walk of public transport plus all that Frankston central has to offer....including short strolling distance to cinemas.

The development options are endless, including multiple residential units, medical rooms, veterinary clinic, commercial business, etc... (all STCA) or a peaceful residential home filled with character and charm.

The property currently has the original solid 4 bedroom house, offering polished floor boards throughout, a large timber kitchen with gas appliances, four bedrooms with built in robes, separate lounge and dining areas with ducted gas floor heating, 2 bathroom areas, and lockup garage and storage.

The huge backyard area in the rear comprises of lovely established fruit trees, a garden shed and a bonus rear laneway for property access.

This property is suitable for both investors and owner occupiers as it has many options to develop, renovate or build new units next door on this block of land situated in a key position. The property is currently leased at more than $20K PA until October 2017.

Don't scroll past this property! With so much to offer, A great addition for any professional investors portfolio !

* Some photos were taken prior to tenancy..

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Property History for 27 Lewis St, Frankston, VIC 3199

A timeline of how this property has performed in the market
Last Sold
$750,000
17 Mar 2017
Listed for Rent
$398/w
23 Sep 2019
  • 09 Aug 2019
    Listed for Rent - Price not available
  • 17 Mar 2017
    Sold for $750,000
  • 27 Feb 2017
    Listed for Sale UNDER CONTRACT
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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 21,643 properties. Over the last 5 years, Houses in Frankston have seen a 29.61% increase in median value, while Units have seen a 29.26% increase. As at 31 August 2024:

  • The median value for Houses in Frankston is $723,953 while the median value for Units is $518,419.
  • Houses have a median rent of $550 while Units have a median rent of $450.
There are currently 140 properties listed for sale, and 80 properties listed for rent in Frankston on OnTheHouse. According to CoreLogic's data, 921 properties were sold in the past 12 months in Frankston.

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