4 Yuille Street, Frankston VIC 3199
4 Yuille Street, Frankston VIC 3199
Frankston High zone | low-rise townhouse pocket | walk to beach and hospital | established streetscape | school-zone buyer demand
This property is situated in a school-zone precinct that is consistently sought after in Frankston. The low-rise townhouse form is favoured as a practical alternative to older detached housing, with the convenience of being close to Frankston Beach, the hospital, shops and public transport. The property is best suited to families and downsizers who want a manageable home without leaving the established residential area. The combination of a strong school catchment and walkable daily amenities is expected to give this address an advantage over many other Frankston units, and it is expected to draw steady interest from owner-occupiers rather than investors alone.
The final value may be shaped by the condition of the original build, particularly the kitchen, bathroom and flooring, and by whether the townhouse has been renovated in a way that matches current buyer tastes. The size and shape of the private outdoor area may also be a factor, as may the level of body corporate fees attached to the complex. These factors could be expected to influence how strongly this property competes against similar stock in the immediate area.
>> Comparables: 8/41 Yuille Street sold for $766,000; 2/59 Yuille Street sold for $585,000 | Price Band: $600,000-$700,000 | Value Drivers: school zone, condition and layout, private outdoor space.
Detailed Independent Property Report prepared by PropCred Analyst team for 4 Yuille Street, Frankston VIC 3199
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
Income Risk
1
Execution Risk
2
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Market Insight
Frankston, 40km south-east of Melbourne’s CBD, is a bayside centre anchored by the Bayside Shopping Centre and a heavily visited beachfront. Demand is strong, with houses selling in a median 15 days and units in 22, supported by 676 house and 463 unit sales in the past year. House prices have risen sharply, with medians between $825,000 and $838,000 and annual growth of 11.5–14.8%; units sit at $565,000–$577,500, growing 6.2–6.9%. Weekly rents are $580–$590 for houses and $480–$490 for units, producing gross yields of 3.7% for houses and 4.5–4.6% for units. The retail and beach infrastructure, alongside the sub-$600,000 unit entry point, underpins future demand.
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PropCred Estimated Value
Bedrooms
2
Bathroom
1
Parking
1
Land
267m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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