SOLD
Sold on 06 Apr 2024 for $862,000

55 Nursery Avenue
Frankston VIC 3199

Bedrooms: 4
Bathrooms: 2
Car spaces: 2
Floor area: 123m2
Land area: 925m2
Sold By
Merchan Realty Group
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Property Details for 55 Nursery Ave, Frankston

55 Nursery Ave, Frankston is a 4 bedroom, 2 bathroom House with 2 parking spaces and was built in 1991. The property has a land size of 925m2 and floor size of 123m2. While the property is not currently for sale or for rent, it was last sold in April 2024. There are other 4 bedroom House sold in Frankston in the last 12 months.

Building Type
House
Year Built
1991
Floor Size
123m2
Land Size
925m2
Local Government
Frankston
Lot/Plan
23/LP22251

Last Listing description (May 2024)

SOLD AT AUCTION!
Unlock the potential of 55 Nursery Ave, Frankston - your gateway to a lucrative real estate investment! This property, featuring a brick veneer home with 3 bedrooms/1 bathroom plus a 1-bedroom self-contained bungalow complete with a bathroom, presents a unique opportunity for future development (subject to council approval). Spanning an impressive 926 sqm, the possibilities are endless.

Key Features:

3-bedroom brick veneer home with 1 bathroom, plus a 1-bedroom self-contained bungalow - a blank canvas awaiting your vision.
Expansive 926 sqm block, offering development potential (subject to council approval).
Strategic location for future growth and opportunity - right near all amenities!
With its generous land size, this property is a canvas for your development dreams. Explore the possibilities and capitalize on the strategic location for future projects, subject to council approval. Located just 100 meters away from the Frankston RSL and right opposite the recently updated Jubilee Park precinct, this property offers a great outlook and immediate access to amenities.

In addition to its development potential, this property promises immediate returns with a long-term tenant currently in place (month-to-month lease). Secure a steady income while awaiting the perfect time to unlock its full potential.

Situated in a sought-after area of Frankston, this property is conveniently located near schools, parks, and amenities. Take advantage of the proximity to public transport and the potential for future infrastructure growth.

Seize this investment opportunity! Contact us now to schedule a viewing and discuss the endless possibilities that this property holds for your portfolio. Call Juan or Josh Merchan on the numbers provided.

Property History for 55 Nursery Ave, Frankston, VIC 3199

A timeline of how this property has performed in the market
Last Sold
$862,000
06 Apr 2024
Listed for Rent
$440/w
19 Oct 2021
  • 06 Apr 2024
    Sold for $862,000
  • 05 Mar 2024
    Listed for Sale Not Disclosed
  • 27 Aug 2020
    Listed for Rent $385 / week
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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 121 properties listed for sale, and 72 properties listed for rent in Frankston on OnTheHouse. According to CoreLogic's data, 896 properties were sold in the past 12 months in Frankston.

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    Disclaimer
    Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.