2482 Frankston-Flinders Road Bittern VIC 3918

3-bed cottage on 697m² | Mornington Peninsula Shire | strong rental yield 4.44% | steady capital growth since 2015 | NBN FTTP and 5G connected This property offers a rare entry point into the Bittern market at a price point below the suburb median for three-bedroom houses, which sits at $855,000. The 697m² fully fenced lot with built-in robes and carport provides a solid configuration for a first-home buyer or investor seeking a coastal cottage with immediate rental income potential of $580–$585 per week. Its proximity to Bittern Primary School and local shops, combined with no flood or bushfire overlays, reduces holding risk and supports consistent tenant demand in a suburb where 16 similar houses have sold this year. The primary risk is the building’s age—1978 construction—which may require near-term maintenance or upgrades, and the 10m² building coverage suggests a modest footprint that limits expansion without council approval. However, the property’s consistent price appreciation from $270,000 in 2015 to current estimates above $700,000 indicates strong land-value growth in a low-supply area. For a buyer, this house functions best as a hold-and-rent strategy, capitalizing on yield while the land appreciates, or as a starter home with scope for future renovation.