Frankston North at a glance
5,844
People
$720,000
Median sale
$509/wk
Median rent
3.68%
Suburb gross yield
Median sale from 84 recorded sales (last 12 months) — a Districts calculation.
VIC › Frankston North › Lacenet Ave
$355,000
Last sold
12 Apr 2021
3
Bedrooms
1
Bathrooms
0
Car spaces
603 m²
Land
Districts View
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
Last sold
$355,000
12 Apr 2021 · derived via latest_sale
Local land rate: recorded House sales in Frankston North (last 5 years) with land size have a median of $1,118/m² of land (n=119). Districts calculation from recorded sales — not a valuation.
Frankston North at a glance
5,844
People
$720,000
Median sale
$509/wk
Median rent
3.68%
Suburb gross yield
Median sale from 84 recorded sales (last 12 months) — a Districts calculation.
Vs Frankston North
-50.7%
Median sale
Suburb $720,000
+3.78 pp
Gross yield
Suburb 3.68%
Suburb median $720,000 from 84 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
Planning
Planning scheme
ZN
Zone
GENERAL RESIDENTIAL ZONE
R1Z
Jurisdiction
Frankston
Frankston, VIC
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
VICZoned GENERAL RESIDENTIAL ZONE · R1Z (ZN). Official parcel area about 604 m². Dual occupancy is not confirmed from the controls loaded for this lot. Two-lot subdivision is unknown without minimum lot size and frontage. This is a screen, not a planning certificate. Zoning and lot facts are a starting point, not proof this lot outperforms the suburb. Funded catalyst catchments are not loaded. A TOD badge is not this product.
Flood overlay has not been queried for this lot. Missing layer is unknown, not “no.” Minimum lot size is not loaded, so two-lot subdivision is not confirmed. Victoria has no public statewide property-level DA API. Nearby pipeline is unknown.
Rental
No advertised rent is recorded. Suburb median rent $509/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms. No recorded off-street parking — often a discount versus the suburb median for the same beds.
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.
Yield cannot be shown without both a price and a rent figure. Net yield is not estimated from gross advertising copy. 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.
3 of 10 questions answered so far
Development optionality of this lot
KnownmediumZoned GENERAL RESIDENTIAL ZONE · R1Z (ZN). Official parcel area about 604 m². Dual occupancy is not confirmed from the controls loaded for this lot. Two-lot subdivision is unknown without minimum lot size and frontage. This is a screen, not a planning certificate.
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?
KnownmediumOfficial parcel about 604 m² — land size can look like optionality. No material overlays were returned that would explain a discount. That is not proof the price is fair. Nearby DAs, easements, and flood-layer gaps can still explain a cheap-looking listing — those are not all loaded.
Lot-level flood
UnknownFlood overlay has not been queried for this lot. 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
UnknownNo DA adapter returned applications 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 North at a glance
5,844
People
$720,000
Median sale
$509/wk
Median rent
3.68%
Suburb gross yield
Median sale from 84 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by OBrien Real Estate CranbourneOpportunities with huge upside like this potential do not come by often. What we have here is an opportunity to create your own 'Castle' with a renovation or a redevelopment.
Add to that the neighbouring property is to be auctioned on the same day at 13 Lacenet Avenue Frankston North and you can double your chances with the POWER OF TWO
This modest brick veneer home is in need of a major revamp and is offered on an "AS IS" basis. Sitting on 603m2 (approx.) of prime Frankston North soil, plenty of development or subdivision (STCA) opportunities are out there.
Conveniently located on the doorstep of Mahogany Rise Primary and walking distance to Monterey Secondary College, local parklands, public transport. Adding to that it's only a short drive to Peninsula Kingswood & Centenary Park golf courses plus easy access to Mornington Peninsula Freeway it makes this a unique opportunity for astute investors, first home buyers or developers.
Buy one or buy them both!
PROPERTY PARTICULARS:
Lot Size | 603 sqm
Front Boundary | 15.24m
Rear Boundary | 39.62m
Chattels: All fittings and fixtures as inspected.
Deposit: 10%
Settlement Terms: 30 days.
Listing description written by Mark Sewell, OBrien Real Estate Cranbourne — reproduced as published, not verified by Districts.
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