1/5 Melville Avenue Frankston VIC 3199

Modern coastal townhouse | Bay views | 866m² large lot | Lock-and-leave lifestyle | Top school catchments This property presents a competitively strong proposition due to its rare combination of a large land holding for a townhouse and direct bay views within a sought-after peninsula pocket. The configuration supports both a premium owner-occupier seeking a low-maintenance coastal lifestyle and a blue-chip investor targeting sustainable rental demand from similar demographics, reinforced by quality school catchments. Proceed with a clear assessment of value against recent sales, as the 2020 purchase at $760,000 establishes a baseline in a rising market. The primary opportunity lies in securing a modern property in a character location with limited comparable supply; the cost is pricing at the upper quartile of Frankston’s townhouse market. This property warrants a long-term hold to capitalise on its locational advantages, using a detailed property report to validate its current market valuation and scrutinise any locality-specific risks before commitment. The sales history shows this specific property sold for $760,000 in 2020. This provides a concrete benchmark, indicating significant capital growth has been required to support the current listing and estimated value range. Buyers should rigorously test recent comparable sales to justify this appreciation.