40 Casuarina Drive, Frankston South VIC 3199

1980 build | 3 bed + studio | bushfire overlay | 689 sqm land | fibre & 5G This house presents a competitively strong offering due to its flexible studio layout and generous land parcel in an established school catchment, serving a buyer seeking space for a home office or extended family. Its light-filled presentation suggests renovation, positioning it above typical 1980s stock for immediate livability. It best suits an owner-occupier prioritising internal space over luxury finishes, capitalising on the area’s family appeal. Decision hinges on the bushfire overlay cost implications and the dated build core beneath any renovation. The premium for the studio addition must be justified against comparable unrenovated sales. The limited recent sales data constricts price validation, introducing negotiation risk. Acquire only below a threshold informed by 2020’s unimproved value, as a long-term hold to amortise overlay compliance costs; its configuration supports stable capital growth from family demand. Recent sales indicate strong upward momentum. 41 Casuarina Drive, a smaller house on less land with one less bathroom, sold for $975,000 in late 2025. This suggests a well-presented, larger property like 40 Casuarina Drive would likely command a premium, providing a credible baseline for your assessment.