Foot Street, Frankston VIC
Foot Street, Frankston is a character‑filled property that offers an appealing mix of established charm and promising investment potential.
$745,000
February 2025
Tender
Investor
$74,500
3, 1 & 2
$105,000
14%
2.11%
25.36%
Why This Property
There are several reasons this property made sense as an investment. First, the location is strong: it lies within walking distance of Overport Primary and Frankston High School, and close to shops, cafés, Frankston Hospital and public transport. Having a property in a well‑zoned school catchment area typically means reliable demand from renters who value education access. Second, the large 586 m² block gives both living space and development flexibility. The fact that there are approved plans and permits for a medical centre means that beyond just residential rental income, there’s upside if zoning and local demand allow use changes. Third, the home itself has features that appeal both to tenants and future buyers: decorative cornicing, high ceilings, a flexible layout with sunroom, lounge, and generous bedrooms. These touches help with both tenant satisfaction and resale value. Finally, the purchase price of ~$745,000 (sold February 2025) positions the investment to benefit from capital growth in Frankston, as the suburb continues to attract demand from homebuyers wanting access to essential amenities, coastal lifestyle, and more affordable property compared to inner Melbourne suburbs.
About Frankston
Positioned on the eastern shores of Port Phillip Bay, Frankston is well-known for its award-winning beach, lively arts scene, and strong educational and healthcare precincts, including Monash University’s Peninsula campus and Frankston Hospital. The suburb offers a wide range of housing, from historic homes to new townhouses and apartments, catering to diverse buyer and renter demographics. With excellent public transport links, shopping hubs like Bayside Centre, and easy access to major road networks, Frankston is both highly liveable and increasingly in demand. Continued revitalisation projects and strong rental yields make it a suburb of interest for long-term capital growth and lifestyle investment.
Local Government Area

Todd Waugh
Buyers Agent
Director
Todd Waugh is a highly experienced and trusted Buyers Agent, known for his unwavering commitment to delivering smart, strategic property outcomes. With a calm and considered approach, Todd empowers his clients to make confident decisions across all stages of their property journey.
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