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 › Correa Grove
$990,000
Last sold
10 May 2021
4
Bedrooms
2
Bathrooms
2
Car spaces
654 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
$990,000
10 May 2021 · derived via latest_sale
Local land rate: recorded House sales in Frankston South (last 5 years) with land size have a median of $1,372/m² of land (n=47). Districts calculation from recorded sales — not a valuation.
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
-12.1%
Median sale
Suburb $1,126,000
+0.40 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.
Planning
Planning scheme
ZN
Zone
GENERAL RESIDENTIAL ZONE
R1Z
Jurisdiction
Frankston
Frankston, VIC
Official property report
The original government planning document for this property. Sign in to view or download the PDF. Districts facts are a separate GIS extract and may not include every statement in the report.
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 655 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 $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.
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 655 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 655 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 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 Ash Marton RealtyOFFERS CLOSING WEDNESDAY THE 5TH OF MAY AT 2.00PM
This freshly modernised, family friendly home was built in 2004 and is idyllically positioned on a generous 654M2 (approx) allotment and within walking distance to Mount Erin Secondary School.
Correa Grove and the surrounding area is renowned for being a secure, family orientated, and highly sought after location.
Offering:
* Open plan living, dining and kitchen area
* The central kitchen acts as the hub of the home and offers gas cooktop, electric oven, dishwasher, ample cupboard and bench space and a breakfast bar
* Multiple living domains
* A formal lounge is positioned to the front of the home and is flooded in natural light. The lounge extends to a secondary formal dining area
* The main lounge is incorporated in to the open plan kitchen, dining and living arrangement. This area enjoys access and a vantage to the outdoor entertainment domain and rear yard.
* There is additional scope to add a covered outdoor entertainment domain. The home is well positioned on the block to maximise the use of an indoor to outdoor living arrangement as well as use of the ample grassed rear yard
* Low maintenance gardens
* The home is thoughtfully designed and well oriented to enable a vantage from much of the internal living domain to the outdoor domain.
* The master bedroom is positioned to the front of the home and offers a walk in robe as well as a full ensuite bathroom.
* The children / guest bedrooms are well proportioned and offer built in robes. These bedrooms are positioned to the rear of the home and are serviced by a central family bathroom complete with a shower, separate bath tub and single vanity.
* A potential fourth bedroom / nursery is currently utilised as a study and is positioned to the front of the home.
* A separate laundry with outdoor access adds to the functional appeal of the home.
Additional features include:
* 4KW Solar power system installed greatly reduces the electricity bills
* Ducted heating
* Split system cooling
* Light filled throughout
* Double lock up garage with an automatic roller door & external access to the side of the home / yard
* Ample off-street parking
* Established, low maintenance gardens
* Private and secure yard
* Ample storage throughout
* Fully landscaped
* Fully fenced rear yard
Whether you live locally or commute to Melbourne via the nearby Peninsula Link, this home offers a lifestyle of convenience and comfort. Invest in confidence and bank on the returns of LAND, LIFESTYLE, and the best LOCATION.
Frankston South and Frankston City are one of Melbourne's fastest growing and most desirable locations for many reasons. An affluent demographic of prospective purchasers are seeing enormous value in the lifestyle elements this great city offers! This is a great opportunity to enjoy Frankston South's:
* Award Winning Beaches
* World Class Sporting and Recreational Amenities
* Multitude of Restaurants, Cafes and Entertainment Options
* Ever Expanding Collection of Shopping Outlets
* Proximity to Melbourne as well as the Mornington Peninsula
* Exemplary schools
Did you know you can DOWNLOAD THE SECTION 32 and MAKE AN OFFER via the ASH MARTON WEBSITE - ashmarton.com.au
*Important update regarding COVID 19: Your health and safety is a priority. Ash Marton Realty are committed to adhering to the advice and instruction of the relevant health authorities*
Listing description written by Ash Marton, Ash Marton Realty — reproduced as published, not verified by Districts.
Also look at
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.
13 The Concourse, Frankston South VIC 3199
5-bed house for sale. Currently listed.