3/26-28 Wave Street, Frankston VIC 3199

2-bed townhouse | 1994 price base | high capital growth | Frankston unit premium This property’s competitive strength lies in its extraordinary capital growth from a low base, demonstrating Frankston’s long-term transformation. A two-bedroom configuration in a suburb where unit median prices sit significantly below this estimate suggests a premium positioning, likely serving an owner-occupier seeking entry into the area or an investor attracted by the implied historical yield compression. The absence of detailed comparable sales in the data, however, leaves this valuation unanchored to immediate market evidence. The primary risk is the valuation reliance on a broad estimate without recent, like-for-like sales validation, exposing a buyer to potential overpayment. The opportunity exists for a buyer to establish a new cost base through a purchase well below the estimated value, but this requires securing a price aligned with the last tangible market signal—the previous listing range. Proceed only with a current, independent valuation and a purchase strategy targeting that lower historical band to protect equity.