1 Wakefield AvenueFrankston South VIC 3199
Property Details for 1 Wakefield Ave, Frankston South
1 Wakefield Ave, Frankston South is a 3 bedroom, 1 bathroom House with 1 parking spaces and was built in 1963. The property has a land size of 580m2 and floor size of 120m2. While the property is not currently for sale or for rent, it was last sold in October 2017.
Last Listing description (November 2018)
First home buyer's opportunity or the savvy renovator/developer (STCA) or an investor adding to their portfolio. Located in an excellent location, close to Sweetwater Creek, this home is situated on approx. 579sqm allotment and is ready for a keen eye to see its full potential. The home is in need of some T.L.C., but the end result will be a winning long term investment.
The lifestyle on offer includes close proximity to the captivating Sweetwater Creek trail that gently meanders its way to Frankston's stunning main beach. The property's value is enhanced by zoning for Derinya Primary and Frankston High Schools. Equal distance from Mt Eliza's Village and Frankston's CBD, the location of this property will only appreciate in value as demand for an accessible, quality lifestyle increases.
* Land approx. 579sqm.
* Excellent addition to any investment portfolio
* Zoned Derinya Primary & Frankston High School
* An affordable entry level for first home buyers
* Close to Sweetwater Creek
* A home with so many options and possibilities
* In need of some T.L.C.
* Approx 40-minutes' drive to Melbourne CBD
* Quiet street nestled between Frankston & Mt Eliza
* Desirable location within walking distance to parks
* Easy access to the Peninsula lifestyle
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Property History for 1 Wakefield Ave, Frankston South, VIC 3199
- 16 Oct 2017Sold for $675,000
- 06 Oct 2017Listed for Sale $620,000 - $680,000
- 13 Jul 2013Sold for $392,000
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About Frankston South 3199
The size of Frankston South is approximately 14.6 square kilometres. It has 36 parks covering nearly 10.1% of total area. The population of Frankston South in 2011 was 17,612 people. By 2016 the population was 18,183 showing a population growth of 3.2% in the area during that time. The predominant age group in Frankston South is 40-49 years. Households in Frankston South are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Frankston South work in a professional occupation. In 2011, 77.9% of the homes in Frankston South were owner-occupied compared with 76.2% in 2016.
Frankston South has 8,097 properties. Over the last 5 years, Houses in Frankston South have seen a 27.72% increase in median value, while Units have seen a 24.16% increase. As at 31 October 2024:
- The median value for Houses in Frankston South is $1,120,155 while the median value for Units is $706,713.
- Houses have a median rent of $650 while Units have a median rent of $550.
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