48 Bayview Road

Frankston VIC 3199

Perfect for local builders or astute investors, this property offers an outstanding capital growth opportunity — with approved plans and permits already in place, you can start your project without the stress of the planning process.

Ideally positioned within easy walking distance to Frankston CBD, the hospital, bus transport, the football oval, and the beach foreshore, this near-level allotment of approximately 690m² with a 16.3m frontage comes with architecturally designed plans for two luxurious side-by-side townhouses.

Each proposed 4-bedroom 2.5 bath townhouse showcases:

• Grand entryway and ground floor master suite with walk-in robe and ensuite.
• Designer kitchen with island bench and walk-in butler’s pantry.
• Light-filled open plan living, dining, and family areas.
• Guest powder room, laundry, and internal access to automatic lock-up garage.
• Upstairs: three spacious bedrooms with built-in robes, a stylish family bathroom with separate WC.
• Generous North facing rumpus room.
• Each lot size is approx. 344.5 m2.

Alternatively, the existing home is well presented and has been lovingly looked after and offers multiple options — move in and renovate, extend, lease out, or redevelop (STCA).

The existing home offer features that include:

• Ceiling fans.
• Built in robes in both bedrooms.
• Timber floors throughout.
• Central gas heater.
• Dishwasher.
• Electric oven.
• Gas hot water.
• Ample parking.
• Spa in main bathroom.
• Modern bathroom.
• Single lockup garage.
• Rear yard storage shed.
• Rented month to month.
• Current Rental Appraisal: $550-$570 per week.

This is a rare, ready-to-build opportunity in one of Frankston’s most desirable precincts.
Do not miss out — opportunities like this are few and far between!