OFF MARKET

5 Lambert Street
Frankston North VIC 3200

Bedrooms: 3
Bathrooms: 1
Car spaces: 2
Floor area: 101m2
Land area: 608m2
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Property Details for 5 Lambert St, Frankston North

5 Lambert St, Frankston North is a 3 bedroom, 1 bathroom House with 2 parking spaces and was built in 1975. The property has a land size of 608m2 and floor size of 101m2. While the property is not currently for sale or for rent, it was last sold in November 2020.

Building Type
House
Year Built
1975
Floor Size
101m2
Land Size
608m2
Local Government
Frankston
Lot/Plan
969/LP60649

Last Listing description (January 2021)

Footsteps to Monterey Community Park and a short walk to Mahogany Primary School, Monterey Secondary, shops and public transport, this three bedroom home presents an exciting opportunity for developers, starters, renovators or investors to secure an affordable property in a family-friendly location.

With council approved plans and permit ready to go, this subdividable 607m2 (approx.) allotment provides a fantastic opportunity to develop. With construction drawings and engineering report complete, the savvy purchaser is ready to start construction immediately. With the $25k construction grant available through the government in addition to first home buyers incentive, this is the one you've been waiting for!

The circa 1980s residence has been much loved and well maintained over the decades, while a creative eye will quickly spot the scope to modernise to add comfort, style and equity to the home.

Spacious interconnecting living and dining zones boast plenty of natural light, great storage, a gas fireplace and easy access to a tidy original kitchen, which includes a gas stove and atrium-style window.

Three bedrooms with built-in robes are cradled down a separate hall with a two-way bathroom with separate toilet adjacent the laundry room, while outside an expansive covered alfresco area with bistro blinds is the perfect set up for year-round enjoyment.

Only 45 minutes' drive to Melbourne, the property includes ducted heating, a garage, carport and barbecue area.

Should you require any further information, please do not hesitate to contact George Devic on 0400 022 192 anytime.

Please note photo ID is required at all inspections.

Property History for 5 Lambert St, Frankston North, VIC 3200

A timeline of how this property has performed in the market
Last Sold
$532,000
30 Nov 2020
Listed for Rent
$280/w
03 Sep 2011
  • 30 Nov 2020
    Sold for $532,000
  • 04 Oct 2019
    Sold for $465,000
  • 15 Jul 2019
    Listed for Sale $440,000 - $480,000
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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 2,766 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 10 properties listed for rent in Frankston north on OnTheHouse. According to CoreLogic's data, 142 properties were sold in the past 12 months in Frankston north.

Suburb Insights for Frankston North 3200

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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.