26 Coolgardie Street, Frankston North VIC 3200
26 Coolgardie Street, Frankston North VIC 3200
3 bed 1 bath on 591m² | 3 car spaces is a rare find | investor or first-home buyer sweet spot | 96m² internal means compact living | no premium finishes but solid bones
This property offers a configuration that is genuinely hard to find in this price range — three bedrooms, one bathroom, and three car spaces on a 591 square metre block. The land size gives it a competitive edge over smaller lots common in the area, and the parking capacity is stronger than what most comparable houses offer. It sits well for first-home buyers wanting a standalone house without strata fees, and for investors looking for a detached property with rental demand. The internal area is modest at 96 square metres, so it is not a family-sized home, but the fresh paint and floorboards suggest it has been presented reasonably. The suburb itself is more about practical suburban living than coastal prestige, which keeps the entry price accessible.
The modest internal size and older construction mean the property may not command a premium over similar houses with larger floorplans or recent extensions. The single bathroom is a constraint for families or tenants who prefer more than one, and without confirmation of a garage, the three car spaces might be a mix of carport and driveway rather than secure parking. The absence of major renovations or standout features like an alfresco area or modern kitchen means the price will likely be driven by land value and location rather than the house itself. Buyers should weigh whether the land offers scope for future improvements or if the property is best held as-is for steady rental return.
Detailed Independent Property Report prepared by PropCred Analyst team for 26 Coolgardie Street, Frankston North VIC 3200
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
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
3
Land
591m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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