8 Margate AvenueFrankston VIC 3199
Property Details for 8 Margate Ave, Frankston
8 Margate Ave, Frankston is a 3 bedroom, 1 bathroom House with 2 parking spaces and was built in 1968. The property has a land size of 708m2 and floor size of 162m2. While the property is not currently for sale or for rent, it was last sold in June 2024.
Last Listing description (July 2024)
Unlock the potential of 8 Margate Avenue, Frankston-a prime real estate opportunity brimming with development potential (STCA) and unbeatable location advantages. Situated on a sprawling 690m2 block, this property presents a canvas for your vision.
Nestled next to Bruce Park and within walking distance to Heatherhill shops and Frankston Heights Primary School, the location offers a coveted blend of tranquility and convenience. Moreover, being in the Frankston High School zone adds to its desirability.
The existing brick home provides a solid foundation for redevelopment or renovation. With a single lock-up garage plus workshop, a single carport, and a water tank already in place, the groundwork for expansion is laid.
Inside, discover a spacious living room with a ceiling fan and timber flooring in the kitchen/dining area. The kitchen includes a 4 burner cooktop and a walk-in pantry, while the separate laundry offers easy access to the backyard.
Two bedrooms, including a main bedroom with a built-in robe and fan, cater to comfort, while a second living area with a built-in bar and additional storage/third bedroom provides versatility.
Outside, a fenced pool and a shed enhance the lifestyle appeal while offering potential for enhancement or modification.
With proximity to local amenities including Frankston Train Station, Frankston Hospital, and the Frankston Freeway, seize the opportunity to transform this property into your dream development or investment venture. Act now and unlock the endless possibilities of 8 Margate Avenue!
Property History for 8 Margate Ave, Frankston, VIC 3199
- 08 Jun 2024Sold for $630,000
- 07 May 2024Listed for Sale $650,000
- 07 Feb 2020Transferred
Recent sales nearby
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About Frankston 3199
The size of Frankston is approximately 19.8 square kilometres. There are 72 parks, covering nearly 21.2% of the 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 21,673 properties. Over the last 5 years, Houses in Frankston have seen a 24.64% increase in median value, while Units have seen a 29.97% increase. As at 30 April 2026:
- The median value for Houses in Frankston is $867,535 while the median value for Units is $593,226.
- Houses have a median rent of $590 while Units have a median rent of $490.
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