1/29 Denbigh Street, Frankston VIC 3199

Near-new townhouse | Frankston High zone | Flood overlay present | Two living areas | Investor-grade yield The buying case rests on a near-new townhouse in the Frankston High School zone with two separate living areas—a configuration rarely found at this price point and one that appeals strongly to families and tenants alike. The 161m² internal floorplan, built-in robes, ensuite, and air conditioning position it as a low-maintenance, move-in-ready option for owner-occupiers seeking school access without renovation, and for investors targeting a rental yield near 3.9% in a tightening market. The tree-lined Denbigh Street setting and premium finishes give it an edge over older stock nearby. The flood overlay is the primary risk and should be investigated with council before proceeding, as it may affect insurance premiums or lender appetite. No bushfire or heritage overlays apply, and the property sits in a residential zone with no noted restrictions. The 1986 last sale price is irrelevant; the current listing has been on market only three days, suggesting either strong early interest or a pricing strategy yet to be tested. For a buyer, the opportunity lies in acting quickly while the property is fresh, but only after the flood risk is clarified—this could be a negotiating lever if unresolved.