10/256 Cranbourne Road, Frankston VIC 3199
10/256 Cranbourne Road, Frankston VIC 3199
This is a renovated 2-bedroom, 1-bathroom villa in a rear position within a small, low-density complex on a 254m² lot. Parking is best considered as 2 spaces, likely one internal and one tandem or external. It is single-level, brick veneer, and in pristine, move-in ready condition.
What is competitively strong here is the combination of a completed renovation and a rear position within a small complex. In a suburb where many older villas remain unrenovated, this property removes the immediate cost and hassle of updating. The rear placement also delivers a level of privacy and reduced street noise that front-row units in similar complexes cannot offer. This configuration serves downsizers and first-home buyers who want low-maintenance living without compromising on a private outdoor space. Its position within Frankston is practical, with reasonable proximity to the waterfront and train station, making it a solid choice for buyers who value a quieter setting over a bustling neighbourhood.
Several factors may shape a buyer’s view on price. The school catchment is average, which can limit appeal for families with school-aged children and may narrow the pool of future buyers. The Frankston train line, while essential for commuters, is known for occasional service delays, a consideration for anyone relying on public transport for a daily commute. The property lacks shared amenities like a pool or gym, which is typical for its era but means it competes directly on location and condition alone. Finally, the 2022 sale price provides a recent transaction point, but the current market conditions and the property’s specific appeal to a niche buyer group may influence how much of a premium the renovation and rear position can command.
Detailed Independent Property Report prepared by PropCred Analyst team for 10/256 Cranbourne Road, Frankston VIC 3199
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
1
Income Risk
2
Execution Risk
2
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Market Insight
Frankston presents a compelling coastal lifestyle proposition, anchored by its popular beachfront and major retail hub. Demand is robust, evidenced by rapid sales and low days on market, suggesting strong competition among buyers. Recent price growth has been significant, particularly for houses, reflecting a tightly held market. Future momentum is supported by these lifestyle amenities and consistent transactional activity, though the pace of growth may face constraints from broader economic sensitivities.
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PropCred Estimated Value
Bedrooms
2
Bathroom
1
Parking
2
Land
254m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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