82 Rosemary Cres, Frankston North VIC 3200
82 Rosemary Cres, Frankston North VIC 3200
3-bedroom, 1-bathroom renovated house on 604m². Built 1960, fully updated. Single garage plus driveway. Private backyard. Near schools and Peninsula Link.
This property sits in an unusual position within its suburb. It is a fully renovated 1960s house, which means the buyer gets the generous land size and established backyard of an older home without the need to budget for immediate upgrades. That combination is relatively rare in this part of Frankston North, where most homes at this price point are either original and dated or newer builds on smaller blocks. The renovation has been done to a standard that makes the property immediately livable, which suits families who want space and a yard but do not have the appetite for a renovation project. It also appeals to investors looking for a low-maintenance rental in a location with strong school proximity. The 604m² block is a genuine advantage here, as it provides outdoor room that newer developments in the area simply do not offer.
The main factor to weigh is whether the renovation has addressed the underlying age of the structure. A 1960s house may still have original wiring, plumbing, or insulation that was not part of the cosmetic update. If those elements remain original, they could become maintenance items within the next few years. The single bathroom and single garage may also limit appeal for some families, particularly when compared to newer homes in the area that offer two bathrooms and double garages. Buyers should verify the extent of the renovation and factor in potential future costs for any unaddressed infrastructure. The land size and location remain strong, but the price should reflect the property’s age beneath the surface.
Detailed Independent Property Report prepared by PropCred Analyst team for 82 Rosemary Cres, Frankston North VIC 3200
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
Income Risk
1
Execution Risk
1
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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
1
Land
604m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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