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 › Kars St
$695,000–$760,000
For sale
Asking range
2
Bedrooms
1
Bathrooms
2
Car spaces
169 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
$695,000–$760,000
Asking range · $4,112/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
-38.3%
Median sale
Suburb $1,126,000
+1.80 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.
Based on the low end of the asking range, not a contract price.
$42,201 on top of the price (6.1% 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.
Based on the low end of the asking range, not a contract price.
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 4.7%. 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 Janice Dunn Estate AgentsWhen you step inside this light-filled unit you will immediately feel at home.
2 /153 Kars Street, Frankston South is one of those homes where everything feels right - from the proportions of the rooms to the light streaming into the kitchen, to the oversized double-lockup garage - this one is a must see.
Breathing new life into every room the home has been professionally painted throughout in neutral tonings that blend perfectly with the new carpets and window furnishings - simply move in and enjoy!
Set away from the street, in the middle of 3 units, away from the noise, with a sense of calm the moment you arrive.
It's the kind of home that feels like it belongs to you, and only you. A real retreat.
Guests are greeted by a spacious entrance which offers privacy to the sitting room. This room has soft natural light flowing in through the modern sheer curtains, curl up with a good book and enjoy.
Whether it's a quiet solo coffee on a Tuesday morning or a relaxed Sunday cook-up with people you love, this kitchen earns its place as the heart of the home. The open dining and family area flows naturally from it, and the kind of space that invites people to linger. Watch the sky change colour whilst preparing the evening meal or washing up after dinner.
It’s surprising how much light flows through this home - and nowhere more so than in the kitchen, where it transforms the whole space into something warm and generous. A wall of windows with a sliding door in the middle helps to make this space feel even more spacious and leads out to the easy to maintain courtyard.
2 great sized bedrooms with built in robes complete the package with the main bedroom featuring a semi-ensuite.
The Bathroom/semi-ensuite offers a full-sized bath, perfect for relaxing after walking back from the beach, and the extra bonus is having a separate toilet, well received when guests come to stay.
Both bedrooms are well-proportioned, and the rear courtyard is low maintenance without feeling small.
Think: a morning read in the sun, an evening glass of something cold, a simple outdoor space that actually gets used.
At this price point, a double lock-up garage isn't something you expect to find.
The Owners Corporation is inactive save for Strata Insurance.
Secure parking for two cars, room for a workshop, storage, or simply the peace of mind that comes from knowing your cars are protected. For anyone who's spent time hunting for street parking or squeezing into a single carport, this is the kind of feature that quietly makes daily life better.
Here's what makes 2/153 Kars Street Frankston South special: the address puts you in the heart of everything that makes Frankston South worth living in.
Sweetwater Creek Nature Reserve is right on your doorstep. This is one of the area's best-kept secrets - a tranquil pocket of native bushland with boardwalks, suspension bridges, birdlife, and a trail that winds its way gently all the way to the Frankston Foreshore and beach. It's the kind of walk that clears your head and reminds you why you chose this suburb. Morning, afternoon, or a golden hour Sunday stroll - it never gets old.
From home, it's also just 550 metres to Norman Avenue shops for breakfast, lunch, or dinner. Whether you're after your morning coffee, a long lunch with friends, or a relaxed dinner out without the drive, Norman Avenue delivers. And with a bus route straight into Frankston just up the street, the car can stay in the garage whenever you like.
For Families: The School Zones Are Worth Knowing
For buyers with children - or those keeping an eye on future resale - this location sits within the zones for Derinya Primary School and the highly sought-after Frankston High School.
Frankston High School zoning is one of the most consistent talking points among buyers in this pocket, and for good reason. It's a school that families actively move suburbs to be near. Here, it simply comes with the address.
For downsizers, this is the move that doesn't feel like a compromise. You're gaining ease - no large garden to maintain, no wasted rooms - without giving up privacy, storage, or the sense of having your own home. The double garage alone will win over anyone coming from a house. And the connection to nature, to Norman Avenue, to the beach via Sweetwater Creek - that's a lifestyle upgrade, not a step down.
For first home buyers, this is a genuine entry point into one of Melbourne's most liveable bayside pockets. A home that's move-in ready, beautifully positioned, and in a school zone that matters for future value. The hard part is usually finding something worth buying. Here it is.
Ready to See It For Yourself?
Homes like this one - private, practical, and genuinely well-located - don't stay available for long in Frankston South.
Call or text Janice Dunn on 0402 285 698 to arrange your own private tour.
Our team at Janice Dunn Estate Agents has put in diligent efforts to gather and present the information provided to you in good faith. However, we cannot guarantee the accuracy of the information, whether presented in written or verbal form. If you are considering this property, we strongly advise you to conduct your own research and make all necessary enquiries to ensure that all information is accurate to your satisfaction.
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Listing description written by Janice Dunn, Janice Dunn Estate Agents — reproduced as published, not verified by Districts.