OFF MARKET

90 Heatherhill Road
Frankston VIC 3199

Bedrooms: 3
Bathrooms: 2
Car spaces: 1
Floor area: 148m2
Land area: 708m2
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Property Details for 90 Heatherhill Rd, Frankston

90 Heatherhill Rd, Frankston is a 3 bedroom, 2 bathroom House with 1 parking spaces. The property has a land size of 708m2 and floor size of 148m2. While the property is not currently for sale or for rent, it was last sold in May 2021.

Building Type
House
Floor Size
148m2
Land Size
708m2
Local Government
Frankston
Lot/Plan
43/LP9796

Last Listing description (May 2022)

PRIME CORNER POSITION, RIPE FOR REDEVELOPMENT (STCA)!
Presenting this magnificent opportunity for the astute property investor or developer, set on a large corner allotment measuring 708sqm (approx.) and well located within the Frankston High School zone.

- The house itself provides a great source of rental income whilst arranging the plans and permit approvals from the local authorities

- Situated on the corner with no easements on title and two street frontages, providing the perfect orientation for a multi unit/townhouse development (STCA)
- For home buyers, the house offers vast space and vintage characteristics and can be renovated and restored to its former glory
- Consisting of 3 bedrooms, 2 bathrooms, central kitchen, large lounge, separate dining, loads of car spaces and outdoor patio
- Enjoy the benefits of a fantastic and central location, with all facilities and amenities within a short walk or drive
- Currently leased to excellent tenants and returning $1,543 per calendar month, the tenants are happy to sign a 12 months lease if required

Properties like this are highly sought and rarely found, making this an opportunity not to be missed. All enquiries are welcome and the vendor statement is available for your review.

PLEASE NOTE: PHOTO ID REQUIRED AT ALL INSPECTIONS
TERMS: 10% DEPOSIT AND PAYMENT OF BALANCE IN 30/60/90 days

Property History for 90 Heatherhill Rd, Frankston, VIC 3199

A timeline of how this property has performed in the market
Last Sold
$788,888
25 May 2021
Listed for Rent
$345/w
15 Nov 2017
  • 25 May 2021
    Sold for $788,888
  • 03 May 2021
    Listed for Sale SOLD AT AUCTION
  • 11 Oct 2017
    Listed for Rent - Price not available
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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 21,615 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.
There are currently 140 properties listed for sale, and 57 properties listed for rent in Frankston on OnTheHouse. According to CoreLogic's data, 908 properties were sold in the past 12 months in Frankston.

Suburb Insights for Frankston 3199

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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.