100 Foot Street, Frankston South VIC 3199

Dual street frontage | 879sqm block | Frankston High zone | 1960s brick home with 276sqm of floor space The property’s primary buying case rests on its dual street frontage and generous land area, which together create a rare redevelopment option within the Frankston High School catchment. The existing 276sqm building is functional and spacious, with two living areas and four bedrooms, making it immediately habitable for a family while the land holds medium-term subdivision potential. The 1960s construction is solid but unremarkable — the real value is in the site’s configuration, not the house itself. This property suits a buyer who can hold for three to five years and wants optionality: live now, subdivide later. The main risk is the bushfire overlay, which may constrain subdivision yields and increase compliance costs — a buyer should budget for a planning consultant early. The house’s age means plumbing, electrical, and insulation upgrades are likely needed within five years, though new carpet and a central bathroom suggest some recent care. Rental income of $610–$670 per week confirms strong tenant demand in this corridor, so if plans shift, the property can be held as a cash-flowing investment. Buy it for the land, use the house as a holding income stream, and engage council pre-application before committing to any subdivision design.