19 Sanders RoadFrankston South VIC 3199
Property Details for 19 Sanders Rd, Frankston South
19 Sanders Rd, Frankston South is a 5 bedroom, 3 bathroom House with 8 parking spaces. The property has a land size of 1942m2 and floor size of 304m2. While the property is not currently for sale or for rent, it was last sold in May 2024. There are other 5 bedroom House sold in Frankston South in the last 12 months.
Last Listing description (August 2024)
Property Overview:
- Land Size: Just under half an acre (1942m approx.)
- Main Residence: 553 m2 (approx.)
- Year Built: 1984
Welcome to 19 Sanders Road, Frankston South, where opportunity knocks louder than ever. This substantial 50-square home sits on a generous parcel of land, offering a canvas for your next lucrative project.
Key Features for Developers:
50 Squares of Space: This isn't your average home-it's a spacious canvas waiting for transformation. With solid bones and a sturdy foundation, the possibilities are endless.
General Residential Zoning: Explore the potential for subdivision or redevelopment (subject to council approval). The existing home provides a strong base for expansion or renovation.
Rental Income Potential: Imagine the returns! If rented out, this home could achieve approximately $1000 per week in rental income. That's a steady stream of cash flow while you plan your next move.
Location, Location, Location: Situated in the sought-after Frankston South area, this property offers convenience, schools, and parks nearby. A winning combination for future residents or tenants.
Disclaimer:
STCA (Subject to Council Approval): Any development plans should be submitted to the local council for review. Buyers are advised to conduct their due diligence and seek professional advice.
Act Now:
Opportunities like this don't come often. Secure your piece of Frankston South's future and turn this 50-square gem into a lucrative venture. Whether you're a seasoned investor or a developer with a vision, this property awaits your creative touch.
Property History for 19 Sanders Rd, Frankston South, VIC 3199
- 13 May 2024Sold for $1,350,000
- 11 Mar 2024Listed for Sale $1,550,000 Buy it Now!
- 03 Jul 2009Listed for Sale Not Disclosed
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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 8,098 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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