6 Macorna Street, Frankston VIC 3199

Classic blonde-brick in Frankston High zone | 586m² with renovation or rebuild scope | 3-bed single-level with character | Strong 3-bed market turnover at 15 days This property presents a rare combination of established character and development optionality within the Frankston High School zone. The 586m² lot on a single level gives you a clear path: renovate the existing three-bedroom layout for a family seeking school proximity, or hold for longer-term land value appreciation. The 15-day median sale time for three-bedroom houses in Frankston signals strong demand for this configuration, and the 70% clearance rate suggests buyers are acting decisively. For a renovator or builder, the property’s structural simplicity and zoning reduce execution risk. The main risk is the single bathroom, which will limit appeal to families unless upgraded. The absence of a price guide or sales history means you must anchor your offer against the $1.13M comparable at 13 Macorna Street, adjusting for the smaller building footprint. No overlays or heritage restrictions were identified, which supports redevelopment optionality. The property is best held as a renovation project for owner-occupation or a short-term hold for capital growth, with rental income of approximately $550–$600 per week achievable in its current state.