118 Lindrum Road, Frankston VIC 3199

3-bed house on 569m² | Large backyard for extension | Zoned for primary & secondary schools | No overlays | Cosmetic work needed This property presents a functional floorplan on a substantial, flat block in a tightly held pocket, directly zoned for established government schools. Its large, sun-filled backyard and low building coverage create immediate equity potential through cosmetic renovation or a future extension, serving young families seeking space and security. The absence of bushfire or heritage overlays simplifies the approval process for any development. The decision hinges on accepting a dated interior against the land value. The price bracket reflects the needed investment, but recent comparable sales on the same street demonstrate strong upside for improved properties. Proceed with a renovation budget to realise the lot’s potential, holding for the medium term to capitalise on the school catchment demand. Nearby sales demonstrate the lot value premium. 61 Lindrum Road, a larger house on a similar block, sold for $820,000. The provided listing comparables, while smaller, anchor the lower end of the market. This house, unrenovated, is priced at a land-value entry point, with a clear value-add pathway evidenced by the superior sale up the street.