SOLD
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Sold on 05 Dec 2023 for $530,500

14 Ribbon Court
Frankston North VIC 3200

Bedrooms: 3
Bathrooms: 1
Car spaces: 1
Land area: 754m2
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Property Details for 14 Ribbon Ct, Frankston North

14 Ribbon Ct, Frankston North is a 3 bedroom, 1 bathroom House with 1 parking spaces. The property has a land size of 754m2. While the property is not currently for sale or for rent, it was last sold in December 2023. There are other 3 bedroom House sold in Frankston North in the last 12 months.

Building Type
House
Land Size
754m2
Local Government
Frankston
Lot/Plan
1008/LP64428

Last Listing description (December 2023)

Tucked away from the main road within a quiet court, this generous 754sqm block offers a great opportunity for developers/investors in the heart of the vibrant Frankston North community. With 2 dwellings currently located here, the site would be ideal for clearing and the construction of up to 3 townhouses, or for an owner/builder to create a beautiful new family home, subject to council approval.

The peaceful, family-friendly setting includes a new playground opposite the end of the road, plus a milk bar, takeaway, primary school and Monterey Park just around the corner. In addition, there are many more amenities within walking distance including secondary school, shops, cafés, medical centre, the Pines Aquatic Centre and Flora & Fauna Reserve, plus sports grounds. It's also conveniently positioned with easy access to both Peninsula Link and Frankston freeway, and just a short drive to Frankston's CBD, train stations, and beautiful beaches.

Whether you are hoping to build a great new home on a good-sized block of land or you're a developer looking for a multi-occupancy site (all subject to council approval), this convenient location is a fantastic choice for the savvy investor. Don't miss an inspection!

Features:
• Generous 754sqm (approx.) block
• Development opportunity
• Family-friendly location
• Near parks, schools, shops

https://www.obrienrealestate.com.au/office/obrien-real-estate-frankston/22161

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Property History for 14 Ribbon Ct, Frankston North, VIC 3200

A timeline of how this property has performed in the market
Last Sold
$530,500
05 Dec 2023
  • 02 Dec 2023
    Sold for $530,500
  • 07 Nov 2023
    Listed for Sale Not Disclosed
  • 26 May 1994
    Sold for $53,000
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About Frankston North 3200

The size of Frankston North is approximately 5.1 square kilometres. It has 17 parks covering nearly 37% of total area. The population of Frankston North in 2011 was 5,626 people. By 2016 the population was 5,779 showing a population growth of 2.7% in the area during that time. The predominant age group in Frankston North is 20-29 years. Households in Frankston North are primarily single parents and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Frankston North work in a labourer occupation. In 2011, 52.8% of the homes in Frankston North were owner-occupied compared with 51.1% in 2016.

Frankston North has 2,768 properties. Over the last 5 years, Houses in Frankston North have seen a 32.28% increase in median value, while Units have seen a 16.77% increase. As at 31 October 2024:

  • The median value for Houses in Frankston North is $588,181 while the median value for Units is $527,940.
  • Houses have a median rent of $460 while Units have a median rent of $420.
There are currently 20 properties listed for sale, and 7 properties listed for rent in Frankston north on OnTheHouse. According to CoreLogic's data, 143 properties were sold in the past 12 months in Frankston north.

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