1/31 Deane StreetFrankston VIC 3199
Property Details for 1/31 Deane St, Frankston
1/31 Deane St, Frankston is a 3 bedroom, 2 bathroom Unit with 2 parking spaces and was built in 1950. The property has a land size of 390m2 and floor size of 161m2. While the property is not currently for sale or for rent, it was last sold in October 2021.
Last Listing description (December 2021)
COUNTLESS OPPORTUNITIES AND IN THE FHSZ....
Full of character, yet immaculate throughout this 1950s weatherboard could tell some amazing stories.
Falling within the FHSZ catchment, within 200 meters to Monash University, moments from Frankston Hospital, shops at your doorstep and very centrally located with transport into the Frankston CBD, this property will be snapped up very quickly.
Structurally, in great condition and immaculate throughout. An incredibly flexible floorplan leaves so much to the imagination.
Currently used as a fully registered & council approved rooming house but the building could easily be converted back to a private residence (previously a 4/5 bedroom home).
It has been extremely well looked after by the current owners.
For an owner occupier:
This home has exponential potential with so much you could do to make it tailor made to your needs and desires.
Immaculate as is or renovate to your liking - the possibilities and potential are huge.
For an investor:
1/31 Deane Street has all the required council and government permits for the running of shared accommodation for up to 7 people.
It has the potential, at current rates to earn $62,000pa with full occupancy which is at least 2-3 times the potential as a standard residential tenancy.
The property currently consists of:
7 Bedrooms - 3 of the bedrooms can easily be converted back to create the main living areas of the original home
2 bathrooms
Central kitchen with cooktop, oven, microwave and dishwasher
Common meals and TV area
Double carport with roller door access
Air conditioning in 2 rooms
Ducted heating throughout
**THERE ARE 2 FLOORPLANS ATTACHED TO SHOW THE EASE IN RESTORING BACK TO A FAMILY HOME IF DESIRED**
Property History for 1/31 Deane St, Frankston, VIC 3199
- 02 Oct 2021Sold for $745,000
- 20 Aug 2021Listed for Sale $700,000-$770,000
- 19 Jul 2021Listed for Rent $185 / week
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About Frankston 3199
The size of Frankston is approximately 19.8 square kilometres. It has 72 parks covering nearly 21.2% of total area. The population of Frankston in 2016 was 36097 people. By 2021 the population was 37331 showing a population growth of 3.4% in the area during that time. The predominant age group in Frankston is 30-39 years. Households in Frankston are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Frankston work in a professional occupation.In 2021, 58.30% of the homes in Frankston were owner-occupied compared with 56.80% in 2016.
Frankston has 21,733 properties. Over the last 5 years, Houses in Frankston have seen a 28.17% increase in median value, while Units have seen a 31.91% increase. As at 31 March 2026:
- The median value for Houses in Frankston is $868,576 while the median value for Units is $592,456.
- Houses have a median rent of $580 while Units have a median rent of $490.
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