3/6 Argyle Street Frankston VIC 3199

Villa unit | 3 bedrooms & 3 car spaces | 2000 build | No overlays | Prime school catchments This property presents a competitively configured unit with a rare three-car provision, set on its own title at the rear of a small block. Its 2000 construction within the Frankston Primary and High School zones targets an owner-occupier or investor seeking modern, low-maintenance accommodation with strong rental appeal from families. The absence of overlays simplifies the ownership structure and reduces holding risk. The primary risk is valuation compression against larger lot houses in the immediate locale, as the unit form is atypical for the area. The commercial opportunity lies in securing below the estimated value range to buffer against this lot-size premium disparity. Acquire for a long-term hold, leveraging the rental yield to service debt while banking on land value within the precinct. Our tailored report would pressure-test the valuation against true comparable sales and detail locality-specific risks for insurance. A nearby comparable sale at 6 Argyle Street, a house on a 905m² lot with two bedrooms and one car space, sold for $690,000. This highlights a lot-size value premium in the area, against which this villa unit must justify its price through its superior bedroom and car space configuration on a significantly smaller parcel.