15 Mitre Cres, Frankston North VIC 3200
15 Mitre Cres, Frankston North VIC 3200
A 1970-built single-story house with three bedrooms one bathroom and two-car parking on a generous six-hundred-square-metre block in Frankston North. The land size is a standout feature for the suburb while the single bathroom reflects the era’s standard. This property sits within the established residential corridor offering solid family appeal.
The substantial land size is considered a competitive advantage offering potential for renovation or extension. This house’s generous block is rare in the suburb where newer lots tend to be smaller. The 1970 build provides a robust structure that responds well to updates. The single-story layout and three bedrooms align with demand from owner-occupiers and investors alike supported by the area’s steady residential character. The property’s positioning within the suburb reinforces its role as a solid entry-point into an established community.
The property’s age may affect condition with potential maintenance requirements to roofing plumbing or electrical systems to consider. The single bathroom might constrain buyer interest compared to contemporary standards. The practical finishes could necessitate investment in upgrades though the land size provides future optionality for extension or redevelopment.
Detailed Independent Property Report prepared by PropCred Analyst team for 15 Mitre Cres, Frankston North VIC 3200
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
2
Income Risk
1
Execution Risk
2
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Market Insight
Frankston North is an affordable bayside suburb undergoing gentrification, attracting first-home buyers and investors with its large blocks and proximity to amenities. Demand is high, driven by strong rental yields and low vacancy, leading to rapid sales and robust price growth. Future appeal is underpinned by urban renewal, though its historical reputation and a less active unit market present relative constraints compared to neighbouring areas.
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PropCred Estimated Value
Bedrooms
3
Bathroom
1
Parking
2
Land
600m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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