House

Washington Drive, Frankston VIC

Washington Drive, Frankston VIC 3199, is a well-maintained four-bedroom, two-bathroom home situated on a 625 m² block. Sold in 2024 for $693,000, this property offers a compelling investment opportunity in a suburb experiencing steady growth and increasing demand.

purchase Price
$693,000
Purchase Date
December 2024
Sale type
Tender
Client Type
Investor
Deposit
$69,300
Beds, Baths, Cars
4, 2, 2
$142,000
Equity Increase
20%
Total Capital Growth
2.35%
Monthly Capital Growth
4.6%
Rental Yield

Why This Property

Frankston has demonstrated consistent capital growth, with a median house price of $776,300 and annual growth of 3.5%. The property's sale price of $693,000 positions it below the median, potentially allowing for immediate equity gain. The home features modern amenities, including a spacious master suite with an ensuite, built-in robes in additional bedrooms, and a separate family room and lounge. Its location in a family-friendly area with access to schools, parks, and shopping centers enhances its appeal to potential tenants. Given the suburb's growth trajectory and the property's attributes, this purchase aligns well with long-term investment strategies.

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

City of Frankston

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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