3 Dulgai Court, Frankston VIC 3199

3 Dulgai Court, Frankston | 698sqm flat block | 26% site coverage | bushfire overlay | 5G-ready with FTTP The property’s primary buying case is its land-to-building ratio: 74% of the 698sqm site is unbuilt, offering rare expansion or reconfiguration potential in a coastal suburb with 16% growth momentum. The flat block at 45m elevation avoids flood risk, and the 7m roof height suggests scope for vertical addition without major structural change. This suits a buyer seeking a value-add renovation or a developer targeting a low-density infill project, as the existing 2-3 bedroom floorplan provides immediate rental cover at an estimated $640 per week. The bushfire overlay is the material risk, imposing higher construction standards and potential insurance premiums that reduce net yield. The 39-day prior sale cycle and recent $830,000 transaction indicate firm demand, but the overlay may limit resale pool to informed buyers. Opportunity lies in leveraging the FTTP and 5G infrastructure for a home-office premium, and the school zoning to Mahogany Rise Primary and McClelland Secondary College supports family tenant demand. Hold for medium-term capital growth, or renovate to unlock value above the $820,000–$825,000 estimated range.