55 Heatherhill Road

Frankston VIC 3199

Retaining the existing home and undertaking a rear development (STCA)
Construction of an additional dwelling behind the existing residence (STCA)
Redevelopment of the site (STCA)
Rooming house or alternative high-yield accommodation opportunities (STCA)
Renovation and extension of the existing home (STCA)
Long-term landbanking in a rapidly evolving growth corridor

Confidence Through Due Diligence:

Extensive investigations and compliance works have already been completed, providing valuable transparency and confidence for prospective purchasers. Available upon request:

Gas Compliance Certification
Electrical Compliance Certification
Electrical Upgrade Documentation
Updated Switchboard Certification

An Investment with Immediate Appeal:

For investors, the property offers an estimated rental return of approximately $560 per week. The existing residence is solid, functional and well maintained, allowing buyers to generate income whilst considering future plans.

Improvements include:

Updated roof
Fresh internal paintwork
New carpet throughout
New blinds
Updated electrical systems
Updated switchboard to main house
Garage, workshop and storage area serviced by a separate, updated, compliant electrical switchboard

Key property features include:

Light-filled front living room with gas fireplace
Spacious kitchen with gas cooktop and gas oven as well as ample cupboard and bench space
A designated dining area can be incorporated in to the kitchen space
A large multi-purpose room adjoins the kitchen and may be utilised as a 3rd bedroom, or secondary living space
Two additional generous bedrooms
Large master bedroom with extensive built-in robes
Original bathroom with shower and bathtub
Separate laundry
Separate toilet
Rear sunroom provides an addiitonal storage space

Outside, the property offers:

Double lock-up garage
Workshop and additional storage facilities
Ample off-street parking
Expansive rear yard with future potential (STCA)

Location:

Frankston continues to establish itself as one of Melbourne's most significant metropolitan growth centres. Positioned between Melbourne CBD and the Mornington Peninsula, the city combines outstanding lifestyle appeal with substantial public and private investment. Major advantages include:

Frankston High School Zone location
Frankston Hospital redevelopment and expansion
Monash University Peninsula Campus
Chisholm Institute
Direct rail access to Melbourne CBD
Peninsula Link and EastLink connectivity
Beaches, cafes, restaurants and coastal amenities
Ongoing commercial, residential and infrastructure investment

As land becomes increasingly scarce and infrastructure investment continues to reshape the region, well-located allotments of this size are becoming increasingly difficult to secure. Few properties can offer such a broad range of possibilities.

For further information, available reports or to discuss the property's future potential, contact Leon Zuidema.