4/3 Ashleigh Street, Frankston VIC 3199
4/3 Ashleigh Street, Frankston VIC 3199
4-bed townhouse | 2-bath layout | 187m² land | off-market | Frankston family pocket
This townhouse holds a genuine edge in Frankston’s current market: four bedrooms in an attached format on a compact 187m² block, which suits families who want space without the upkeep of a large yard. The configuration is less common than the area’s older detached houses or smaller units, placing it squarely between those segments. It serves buyers looking for a low-maintenance, family-sized home close to schools, transport, and the CBD—likely young families or downsizers who still need room for guests or home offices. The estimated value around $805,000 is supported by the street’s recent sales activity, where similar attached family dwellings have transacted in the low-to-mid $700,000 range, suggesting this property is positioned at the upper end of that local band. Its appeal is practical, not flashy, but the combination of bedroom count, land size, and location makes it a solid contender for steady demand.
Value may be shaped by the condition and finish level inside, which is not confirmed from available information. The townhouse’s age and any renovation history could influence how it compares to newer or refreshed stock nearby. Parking is limited to one space, which might be a constraint for multi-car households and could temper buyer enthusiasm. The property’s off-market status may allow for negotiation, though competition from comparable sales in the same street could keep pricing firm. Rental demand appears healthy, with similar units achieving around $600 per week, which may interest investors, but the primary buyer is likely an owner-occupier prioritising layout and location over land area.
Detailed Independent Property Report prepared by PropCred Analyst team for 4/3 Ashleigh Street, Frankston VIC 3199
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
2
Income Risk
Execution Risk
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Market Insight
Frankston, 40km south-east of Melbourne’s CBD, is a bayside centre anchored by the Bayside Shopping Centre and a heavily visited beachfront. Demand is strong, with houses selling in a median 15 days and units in 22, supported by 676 house and 463 unit sales in the past year. House prices have risen sharply, with medians between $825,000 and $838,000 and annual growth of 11.5–14.8%; units sit at $565,000–$577,500, growing 6.2–6.9%. Weekly rents are $580–$590 for houses and $480–$490 for units, producing gross yields of 3.7% for houses and 4.5–4.6% for units. The retail and beach infrastructure, alongside the sub-$600,000 unit entry point, underpins future demand.
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PropCred Estimated Value
Comparable Sales: 5/3 Ashleigh Street sold for $705,000; 38 Ashleigh Avenue sold for $712,000 | Property Price Band: $700K–$800K | Value Drivers: bedroom count, land size, location proximity to schools and transport
Bedrooms
4
Bathroom
2
Parking
2
Land
188m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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