13 Verner Avenue, Frankston VIC 3199
13 Verner Avenue, Frankston VIC 3199
Detached-house format | active coastal suburb | strong house price growth | solid rental demand | family and investor appeal
The house is positioned within a market where strong price growth and consistent buyer interest are being recorded for detached housing. The property is placed close to the area’s everyday amenity, while the breadth of the local market allows the house to be matched to a range of buyer needs. Owner-occupiers looking for a practical family home are likely to be attracted by the suburb, and investors are expected to be drawn by the established rental demand. A solid pool of purchasers is likely to be found when the time comes to resell. This type of property is considered a workable entry point for a buyer wanting a balance of lifestyle and future value.
Final value may be shaped by condition and internal layout, especially whether renovations have been done. Land size and extension potential might also be weighed by buyers. Orientation and street position are likely to be considered for their effect on light and privacy. The key point to be weighed is the balance between required spending and what the property offers.
Detailed Independent Property Report prepared by PropCred Analyst team for 13 Verner Avenue, Frankston VIC 3199
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
2
Income Risk
Execution Risk
1
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Market Insight
Frankston, 40km south-east of Melbourne’s CBD, is a bayside centre anchored by the Bayside Shopping Centre and a heavily visited beachfront. Demand is strong, with houses selling in a median 15 days and units in 22, supported by 676 house and 463 unit sales in the past year. House prices have risen sharply, with medians between $825,000 and $838,000 and annual growth of 11.5–14.8%; units sit at $565,000–$577,500, growing 6.2–6.9%. Weekly rents are $580–$590 for houses and $480–$490 for units, producing gross yields of 3.7% for houses and 4.5–4.6% for units. The retail and beach infrastructure, alongside the sub-$600,000 unit entry point, underpins future demand.
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PropCred Estimated Value
Comparable Sales: 23 Brighton Street sold for $1,056,000 and 35 Leslie Street sold for $950,000 in Frankston South | Property Price Band: $800,000–$900,000 | Value Drivers: condition, land size, street position
Bedrooms
3
Bathroom
1
Parking
1
Land
588m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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