677 Nepean Hwy, Frankston South is a 4 bedroom, 3 bathroom House with 4 parking spaces and was built in 1970. The property has a land size of 1022m2 and floor size of 296m2. While the property is not currently for sale or for rent, it was last sold in March 2023.
OBVIOUS
A time capsule of 1970s brilliance, crafted in the era of beachside leisure and entertaining, now delivers the unmatched potential for the modern family or keen developer on a generous, dual-access allotment of 1,017 sqm (approx). Sprawling over two levels and a 4-bedroom, 3-bathroom layout, this incredible vintage belle is an opportunity waiting to be uncovered in an unbeatable location on the cusp of Mount Eliza, where the Peninsula's best schools, shopping, cafe culture and beaches are at your fingertips. An exceptional development opportunity with dual frontages and the space one desires for a single family home or multiple new residences (STCA), the potential here is simply unmatched!
Barely changed over the years, this unique dual-level home is an example of quintessential Australian architecture from the mid-twentieth century, captivating with its bottle-glass entrance, solid timber panelling and colourful interior. With features such as an in-ground pool, bay views, private established gardens, multiple living areas, a ground floor rumpus room with an original wet bar, and a versatile solid layout, there are so many timeless features of this home that will enable you to capitalise on the existing architecture or make the most of dual entry into Ithaca Lane with lucrative future potential for subdivision and/or redevelopment (STCA).
SEALS THE DEAL
Development opportunities don't get much better than this! Zoned for Frankston High and Derinya Primary Schools - this is the opportunity of a lifetime.
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 8,100 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:
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