29 Berberis CrescentFrankston VIC 3199
Property Details for 29 Berberis Cres, Frankston
29 Berberis Cres, Frankston is a 3 bedroom, bathroom House. The property has a land size of 564m2 and floor size of 116m2. While the property is not currently for sale or for rent, it was last sold in September 2001.
Last Listing description (January 2026)
A genuine value-add opportunity in the ever-popular Karingal estate, 29 Berberis Crescent is ideal for buyers, renovators and buyer advocates looking to secure a priced-to-sell property with clear upside.
Built in 1963, this solid brick veneer home sits proudly on a corner block of 564sqm and offers standout street appeal. Inside, the home is neat, tidy and well-kept, with three bedrooms, one bathroom, solid hardwood floors, carpeted bedrooms and laminate kitchen flooring. Long-term tenants have maintained the home beautifully.
Where the Opportunity Lies
The home is still on its original red-gum stumps, which have subsided in the centre, creating visible plaster cracking. Restumping is required - and we've already obtained formal quotes to make the decision easier:
Option 1 Entire Home
Full restump including permits, soil report & engineering
$26,400 inc GST
Option 2 Partial Restump (20 stumps)
$8,800 inc GST
A copy of the quote is available upon request.
For buyers wanting to add equity immediately, the scope of works is clear, costed, and straightforward.
Tenancy
A long-standing tenant of 20+ years currently occupies the home. He is exceptionally neat, respectful, and reliable.
Paying $465 per week - a genuine sweetheart deal well below market
Keen to stay on at the same rate
Vacant possession also available with a four-month settlement
Why 29 Berberis Is a Smart Buy
Solid 1960s brick veneer construction
Clear value-add potential through restumping & cosmetic upgrades
Corner allotment | 564sqm
Excellent tenant profile OR vacant possession
Off-market buying window before broader release
This is a rare opportunity to secure a home under market value, with transparent works required and an immediate pathway to increasing equity.
Re-stumping quote, price guide, and private inspection times available upon request.
Amateur walkthrough video link:
https://youtu.be/g1wRLqEDtms?si=0W3RR4lI4cf0HwRu
Property History for 29 Berberis Cres, Frankston, VIC 3199
- 19 Dec 2025Listed for Sale $738,500
- 11 Sep 2001Sold for $121,000
- 10 Aug 2000Sold for $82,000
Recent sales nearby
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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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