14 Carmel Court, Frankston VIC 3199
14 Carmel Court, Frankston VIC 3199
3 bed family house | 588m² block | school catchment pair | active local market | older suburban stock
This is a straightforward family house in a settled Frankston pocket, and its main strength is the land. A 588m² block in a suburb with strong turnover gives you room to move, whether that means extending, landscaping, or simply having a proper backyard. The school catchment pairing is a genuine advantage for buyers with primary-aged children, and the owner-occupier majority in the area suggests a stable neighbourhood rather than a transient one. It suits a first-home buyer or a young family wanting a foothold in an established area, and the single-level layout keeps things practical for those who prefer not to deal with stairs.
The property’s age and presentation are the unknowns that will shape its final value. If the interior is dated, you might be looking at a renovation budget on top of the purchase price, which could stretch your finances. The single bathroom is a constraint for growing families, and the one-car accommodation is modest for a house on this size block. The market here is liquid, so you won’t struggle to sell later, but the price band you enter at will depend heavily on how the house compares to others in similar condition. Weigh the cost of any updates against what you’d pay for a move-in-ready alternative.
|| Comparable Sales: similar 3 bed houses on 600–700m² blocks in Frankston have sold between $650k–$750k recently | Property Price Band: $700k–$800k | Value Drivers: land size, school catchment, and condition of the existing dwelling
Detailed Independent Property Report prepared by PropCred Analyst team for 14 Carmel Court, Frankston VIC 3199
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
2
Income Risk
Execution Risk
2
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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: similar 3 bed houses on 600–700m² blocks in Frankston have sold between $650k–$750k recently | Property Price Band: $700k–$800k | Value Drivers: land size, school catchment, and condition of the existing dwelling
Bedrooms
3
Bathroom
1
Parking
1
Land
588m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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