Frankston South at a glance
19,392
People
$1,126,000
Median sale
$628/wk
Median rent
2.90%
Suburb gross yield
Median sale from 7 recorded sales (last 12 months) — a Districts calculation.
VIC › Frankston South › Overport Rd
$1,795,000
For sale
Asking
5
Bedrooms
3
Bathrooms
2
Car spaces
3,456 m²
Land
Districts View
No upside evidence detected in the data Districts holds for this lot.
No detected risks — but see the checklist: absence of evidence is not an all-clear.
Each line above is labelled. A fact is quoted from the named source, with its date. A calculation is worked out by Districts from those facts — you can check the arithmetic. An interpretation is Districts' opinion of what the evidence means, not a fact, a valuation, or advice. Anything we haven't retrieved yet is marked as missing rather than treated as a pass.
Price evidence
Asking
$1,795,000
Asking · $519/m² of land
No recorded sale for this property.
Frankston South at a glance
19,392
People
$1,126,000
Median sale
$628/wk
Median rent
2.90%
Suburb gross yield
Median sale from 7 recorded sales (last 12 months) — a Districts calculation.
Vs Frankston South
+59.4%
Median sale
Suburb $1,126,000
-1.08 pp
Gross yield
Suburb 2.90%
Suburb median $1,126,000 from 7 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
$106,039 on top of the price (5.9% extra)
Estimates only, at standard investor rates — no first-home or owner-occupier concessions applied. Not included: lenders mortgage insurance (usually applies when borrowing more than 80% of the price), loan application and settlement fees from your lender, the foreign-purchaser duty surcharge, and building insurance — in Queensland the property is at your risk from the first business day after signing, not from settlement. Verify with your conveyancer.
Stamp duty and transfer fees: Victoria schedules from 2026-07-01. Ongoing council rates and land tax are not included.
Pre-filled with Frankston South's advertised median rent — not a rent for this listing.
Gross yield is weekly rent × 52 ÷ price. Net yield subtracts operating expenses. Cashflow then subtracts interest-only interest on price × LVR. Tax, vacancies, and principal repayments are not included.
Planning
Planning data is being calculated
Data unavailable
Source
Planning facts are copied from official government GIS where available. Where an official property PDF exists (VicPlan, PlanBuild), Districts stores and serves that original document. Neither is a planning certificate, survey, or advice.
Site
Terrain has not been calculated for this property yet.
Slope is calculated on a projected metric grid from a public DEM clip of the official parcel. This is not a survey, engineering, or insurance assessment.
Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Records
Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.
Capital growth
VICPlanning layers have not been retrieved for this property yet. A suburb median or growth rate is not a reason this particular lot would outperform. Funded catalyst catchments are not loaded. A TOD badge is not this product.
Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” Victoria has no public statewide property-level DA API. Nearby pipeline is unknown.
Rental
No advertised rent is recorded. Suburb median rent $628/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.
Current comparable rental listings within 400 m of this lot are not loaded. Victoria has no public statewide property-level DA API. Nearby pipeline is unknown. Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded. Suburb vacancy or leased-tape days are not this property’s competition.
Gross yield if leased at the suburb aggregate is 1.8%. The yield that matters is the one on achieved rent, which has not been inferred for this address. Net yield (land tax, rates, insurance, vacancy) is not loaded. Net yield / holding costs are not estimated outside NSW without inventing land tax.
Verdict
Districts view
Not enough official evidence yet to underwrite this as an investment.
Detail
The same ten questions apply to every property. Missing flood, nearby DAs, achieved rents, or lot geometry is unknown — not “no.”
Do not treat a suburb median, an advertised yield, or a listing score as the case for this lot.
The evidence loaded so far isn't enough on its own to change a buy, offer, or walk-away decision for this property.
Evidence
Districts asks the same ten questions of every property. If one shows as unknown, that data isn't published for this state or hasn't been loaded yet — the question stays visible so you can see exactly what's missing.
1 of 10 questions answered so far
Development optionality of this lot
UnknownPlanning layers have not been retrieved for this property yet.
Nearby development pipeline
UnknownVictoria has no public statewide property-level DA API. Nearby pipeline is unknown.
Honest achievable rent
KnownlowThis is not “bond data says this address leases for $X.” The comparable figure is a suburb advertised/median rent, not this property. Official bond files (postcode or suburb × type × bedrooms) are not loaded yet.
Rental supply pressure
UnknownSupply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.
Why is this cheap?
UnknownThe constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.
Lot-level flood
UnknownOfficial flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”
Catalyst exposure
UnknownFunded catalyst catchments are not loaded. A TOD badge is not this product.
This lot's DA history
UnknownDevelopment applications have not been queried for this parcel.
Statutory land value versus ask
UnknownStatutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.
Net yield / holding costs
UnknownNet yield / holding costs are not estimated outside NSW without inventing land tax.
Area
Frankston South at a glance
19,392
People
$1,126,000
Median sale
$628/wk
Median rent
2.90%
Suburb gross yield
Median sale from 7 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Caris & GraceSet on an impressive allotment of approximately 3,456 m², this property presents a rare and versatile opportunity for astute buyers. Subject to council approval ("STCA"), the site offers potential for subdivision, making it an ideal canvas for a range of residential or commercial outcomes.
The existing improvements include a substantial family home plus a fully self-contained, modern unit, providing both immediate functionality and strong future development appeal:
Main Residence:
• Four bedrooms (three with built-in robes), including a main bedroom with ensuite, plus a spacious central bathroom with double vanity, shower and spa.
• Generous and flexible living spaces, including three separate living rooms and an open-plan kitchen/dining area.
• Well-appointed kitchen with double oven, dishwasher, five-burner gas stove and rangehood.
• Timber floorboards, hydronic heating, and a central intercom system.
• Expansive undercover outdoor entertainment area of approximately 13 x 7 m – perfect for large gatherings.
• Circular driveway with portico entry.
• Approx. 6 metre wide driveway on the right-hand side providing full access to the rear of the property.
Self-Contained Unit:
• Fully renovated throughout with a modern kitchen featuring a four-burner gas stove, electric oven and large pantry.
• Spacious open-plan living area.
• Bedroom with wall-to-wall built-in robes.
• Contemporary bathroom.
• Enclosed artist's studio/sunroom offering flexibility for creative or lifestyle use.
Land & Surrounds:
The extensive grounds feature established fruit trees including apricot, pear, nectarine, plum, apple, quince and olive, along with a large garden shed. There's ample space to create your dream property and perhaps further enhance the property with a pool, tennis court or additional landscaped gardens.
Location & Potential Uses:
Zoned for Frankston High School and close to Toorak College, Derinya and Woodleigh Primary Schools, the property is ideally positioned for families. Its configuration and scale also lend themselves to a variety of future uses including medical, dental, chiropractic, day-care, aged care or residential redevelopment (STCA).
Strategically located within reach of public transport, local schools, Frankston's vibrant town centre, and beautiful beaches, this site aligns with recent government planning initiatives encouraging higher-density housing across Victoria (STCA).
This is a remarkable opportunity to capitalise on a substantial landholding with immediate appeal and significant future potential. Properties of this calibre are increasingly rare — act quickly to secure this exceptional site.
________________________________________________________________
At Caris & Grace, all our properties are advertised at genuine prices - there is often more than one interested buyer for the same property and all buyers are given a fair and equal opportunity to make their best offer.
A note to buyers: all information (including but not limited to the property area, floor size, price, address, general property description, any income, rentals, dimensions, areas, zoning and permits) have been provided to Caris & Grace by third parties and accuracy cannot be guaranteed - although care is taken when preparing this information, information contained on this advertisement should not be relied upon and you should make your own enquiries and seek legal and financial advice in respect of any property listed for sale. Prices displayed are current at the time of issue, but may change and are subject to availability. Photos have been digitally staged to reflect the potential of the property, fixtures and fittings have remained the same to the best of the digital operator's ability.
Listing description written by Cristina Cottrell, Caris & Grace — reproduced as published, not verified by Districts.
Also look at
46A Harcourt Ave, Frankston South VIC 3199
2-bed house. Asking $695K–$760K.
35 Escarpment Dr, Frankston South VIC 3199
5-bed house. Asking $1.48M–$1.6M.
7 Innichen Cl, Frankston South VIC 3199
4-bed house for sale. Asking $1.8M–$1.98M.
5 Polly Kelly Pl, Frankston South VIC 3199
4-bed house. Asking $1.15M–$1.25M.