5 Bell Street, Frankston VIC 3199
5 Bell Street, Frankston VIC 3199
Two-storey family house | Frankston High School zone | beachside pocket | compact 278m² | premium contemporary finishes
This property stands out in Frankston because it combines a genuinely modern, low-maintenance footprint with the kind of family-oriented layout that is rarely found on a compact block. The four bedrooms, three living zones, and ground-floor master suite make it workable for families who want separation between generations or simply room to spread out, while the stone kitchen, gas log fireplace, and double-height ceilings give it a finish that feels closer to a boutique coastal build than typical suburban stock. It is best suited to owner-occupiers — particularly families or downsizers — who value school access, walkability to the beach and hospital, and a home that requires minimal upkeep. The small land size is a deliberate trade-off, not a flaw, and the internal-access garage and alfresco area reinforce that this is about convenience and quality of internal space rather than outdoor acreage.
The 278m² landholding may limit appeal for buyers seeking a traditional yard, and the two-storey form could carry higher ongoing maintenance and insurance costs than a single-level alternative. The lack of confirmed aspect or build year means orientation and construction quality remain unverified, though the strong natural light and contemporary spec suggest a recent build. The Frankston High School zone is a meaningful value anchor, and proximity to the hospital and gardens adds resilience for resale. Buyers should weigh whether the compact site and premium finish justify a price above older, larger-block comparables in the suburb, and consider how the property’s lifestyle positioning compares with alternative family options nearby.
|| Comparable Sales: 3-bed beachside unit at 4 Muir Street sold March 2025; 4-bed house at 5 Victoria Parade | Property Price Band: $900K–$1.0M | Value Drivers: school zone, contemporary condition, compact land size
Detailed Independent Property Report prepared by PropCred Analyst team for 5 Bell Street, Frankston VIC 3199
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
Income Risk
2
Execution Risk
2
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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: 3-bed beachside unit at 4 Muir Street sold March 2025; 4-bed house at 5 Victoria Parade | Property Price Band: $900K–$1.0M | Value Drivers: school zone, contemporary condition, compact land size
Bedrooms
4
Bathroom
2
Parking
2
Land
278m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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