9 Kitara Court, Frankston VIC 3199

9 Kitara Court, Frankston VIC 3199
3-bed updated house | quiet court near park | leased $535/wk | month-to-month This 3-bedroom house is positioned at the end of a peaceful court, with Bunarong Park reserve directly nearby. The updated open-plan interior is considered a significant draw, offering a sense of space that is uncommon in conventional Frankston housing. The property is served best by a family or downsizer seeking single-storey living with privacy and green outlook. The month-to-month lease is viewed as an advantage, providing income while allowing owner-occupancy in the future. The value of this property may be influenced by the exact land size and orientation, which are not fully disclosed. Insurance premiums and building standards might be affected by potential bushfire overlay risks in the immediate area. The court positioning and park adjacency are likely to justify a premium over ordinary suburban stock, but the absence of a confirmed bathroom count and floor level might temper expectations. Buyers are encouraged to verify these details during due diligence.
Detailed Independent Property Report prepared  by PropCred Analyst team for 9 Kitara Court, Frankston VIC 3199
Checks found:
Value Risk ✕ 2
Liquidity Risk ! 1
Planning Risk ! 1
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: 8 Kitara Court (sold $1.02M); 9 Taketa Crescent (sold $775K) | Property Price Band: $800K-$900K | Value Drivers: updated condition, court position, park access

Bedrooms

3

Bathroom

1

Parking

3

Land

624m²

Research & Review Prepared by Steve Dalton, Senior Analyst · Reviewed by Matt Proctor, Principal Analyst
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