25 Jasper TerraceFrankston South VIC 3199
Property Details for 25 Jasper Tce, Frankston South
25 Jasper Tce, Frankston South is a 4 bedroom, 2 bathroom House with 1 parking spaces and was built in 1968. The property has a land size of 415m2 and floor size of 158m2. While the property is not currently for sale or for rent, it was last sold in March 2022.
Last Listing description (October 2024)
Presenting an exclusive off-market opportunity to purchase the existing home at 25 Jasper Terrace, Frankston South. Set on a subdivided 400 sqm (approx.) block, this charming property is perfect for savvy investors, downsizers, or families seeking a location in the coveted Frankston High School zone.
Currently leased at $3,129 per month, the residence is offered with vacant possession or the flexibility to retain the tenant on a month-to-month lease. The property features an L-shaped lounge, separate kitchen/meals area, two bathrooms (with an ensuite to the master), and a second living space leading to a large sunroom and storeroom. Updates to the central bathroom have already been completed, offering a fresh, modern touch.
The home enjoys a private courtyard, a stepped garden on one side, and a large paved outdoor entertaining space on the other. Secure gated access adds to the convenience of this family-friendly location, with Montague Park just steps away. Zoned for Frankston High School and close to Frankston's Bayside Centre, Monash University, public transport, and the hospital, this is an ideal home for those looking to invest in the future.
Subdivision of the block is expected to be complete by Christmas 2024, with the owner retaining the newly created lot to build a double-storey townhouse. The existing property will benefit from a new single lockup garage, replacing the current double carport. Anticipated settlement is in the first quarter of 2025.
Key Features:
Existing 3-bedroom home on 415 sqm (approx.) after subdivision
Periodic rental returning $3,129 per month
Spacious L-shaped lounge and additional living space
Modern central bathroom, ensuite to the master bedroom
Private courtyard, large paved entertaining area
New single lockup garage to be built
Zoned for Frankston High School, steps from Montague Park
Settlement expected in Q1 2025
Property History for 25 Jasper Tce, Frankston South, VIC 3199
- 10 Jul 2024Listed for Sale $899,000
- 24 Feb 2023Listed for Rent $640 / week
- 09 Aug 2022Listed for Rent $650 / week
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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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