OFF MARKET

677 Nepean Highway
Frankston South VIC 3199

Bedrooms: 4
Bathrooms: 3
Car spaces: 4
Floor area: 296m2
Land area: 1022m2
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Property Details for 677 Nepean Hwy, Frankston South

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.

Building Type
House
Year Built
1970
Floor Size
296m2
Land Size
1022m2
Local Government
Frankston
Lot/Plan
1/TP611105

Last Listing description (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.

Property History for 677 Nepean Hwy, Frankston South, VIC 3199

A timeline of how this property has performed in the market
Last Sold
$1,240,000
15 Mar 2023
Listed for Rent
$690/w
07 Sep 2021
  • 15 Mar 2023
    Sold for $1,240,000
  • 14 Feb 2023
    Listed for Sale THE DEAL: Under Offer
  • 20 Jul 2021
    Listed for Rent - Price not available
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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 8,100 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:

  • 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.
There are currently 52 properties listed for sale, and 11 properties listed for rent in Frankston south on OnTheHouse. According to CoreLogic's data, 332 properties were sold in the past 12 months in Frankston south.

Suburb Insights for Frankston South 3199

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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.