115 Overport Road, Frankston South VIC 3199

Large family residence | tennis court & pool | dual-occupancy potential | opposite primary school | expansive 2,694m² block This property presents a rare, consolidated offering for a large or multi-generational family, combining substantial recreational amenities with latent subdivision potential on a large parcel in a tightly held school precinct. Its extended layout and dual-occupancy feasibility provide immediate utility and a strategic option for future value release, positioning it well above typical suburban stock for buyers seeking a long-term compound. The primary risk is the significant price premium commanded for these composite features, which may not be fully liquid in a standard market cycle, compressing yield. The commercial logic lies in holding the property as a principal residence while capitalising on its redevelopment option later. Proceed only if the lifestyle utility is paramount and the price aligns with unimproved land value plus a reasonable premium for the existing improvements. While specific comparable sales details are not provided, the Statement of Information references three sales within 2km in the past six months. This confirms active demand in the immediate area, but the subject property’s unique combination of land size and premium amenities places it in a distinct, higher-value bracket that standard comparables will not adequately capture.