37 Murawa Street Frankston VIC 3199

4-bed family home | Frankston High School zone | renovated interior | secure parking/workshed | walking to parks/transport This property presents a competitively strong family proposition within the tightly held Frankston High School zone, a primary demand driver. Its recent modernisation, including polished floors and contemporary kitchen and bathrooms, removes immediate capital outlay while the 585m² lot with workshop and lush gardens offers functional space rare in newer stock. It serves growing families seeking established character, walkability, and the long-term security of a premium public-school catchment. The decision hinges on paying a premium for the school zone, as the current asking range reflects significant appreciation since its 2022 sale. Risks include potential overcapitalisation if the local market softens, offset by the sustained rental demand from families, suggesting a stable ~3.6% yield. Acquire as a long-term family home; its zoning and finished condition support both occupancy and future resale to a similar demographic. Our tailored report would pressure-test this valuation against true comparable sales and detail locality-specific risks, from council overlays to insured rebuilding costs. Sold 29 Apr 2022 for $996,000. This sale, just under two years ago, establishes a firm price foundation and indicates the vendor’s equity position, framing the current asking range as seeking substantial growth in a short period.