158 Kars Street, Frankston South VIC 3199

| Bushfire overlay flags risk | Land value driven | Rental yield below 4% | School zone solid | The property carries a known bushfire overlay, which will increase insurance premiums and may affect future lending criteria for some buyers. The asking range sits below the mid-estimate of $1.26 million, suggesting room for negotiation but the rental yield of 3.27% makes it a hold-for-appreciation play, not a cashflow play. The right buyer is someone who values the Frankston High School zone and the quiet creek-side location, and is prepared to hold medium-term for capital growth rather than immediate rental returns. What is competitively strong here is the 686sqm block in a leafy pocket with dual living zones and a rumpus room, features rare in this price bracket. The separate-entrance bedroom gives the buyer flex for a home office or guest suite, which strengthens the property’s appeal to families or downsizers who still want space. This house serves best a buyer who intends to live in it and capitalise on the school catchment and outdoor deck lifestyle, rather than an investor chasing yield. The nearest comparable sales from 2025 show similar-sized homes on 600–700sqm blocks in Frankston South trading between $1.05m and $1.25m, which supports the current guide being fairly priced. Given the bushfire overlay and the need for some updating indicated by the 1970 build, a buyer should order a full building and pest inspection and confirm insurance costs before proceeding, then negotiate from a position of knowledge