A Frankston family home with space that works
Reading time 2 minutes
Charlie Williams
Current value movement has not been shown because the property has just been purchased. Estimated gain can be updated quarterly. This is not a formal valuation or financial advice.
This Frankston purchase stood out because it offered the proportions of a genuine family home within an established residential setting. Four bedrooms, two bathrooms, two separate living zones and a double garage on 660 square metres of land gave the property a straightforward investment profile with plenty of everyday usability.
The floorplan was central to the appeal. Separate living areas allow different parts of the household to use the home comfortably, while the open-plan family and dining zone creates a clear central hub. The main bedroom has its own ensuite, with the remaining bedrooms supported by an updated family bathroom. Timber flooring throughout the bedrooms and living areas also provides a practical, durable finish that should suit a long-term rental holding.
Importantly, the property already had the features most families expect. Split-system heating and cooling, built-in wardrobes, a functional kitchen, outdoor entertaining area, fully fenced backyard, garden shed and secure double garage meant the home could be occupied without a long list of immediate improvements. The combination of internal space and a usable backyard gave it an advantage over newer properties that may provide the same bedroom count on a much smaller block.
The Lakewood Estate location added another layer to the investment case. Schools, parklands, shopping, cafés and public transport are all within easy reach, supporting the practical routines of family life. That gives the property a clear tenant profile today while preserving the broader owner-occupier appeal that should remain important when the asset is eventually resold.
This purchase was not about chasing the newest house or relying on a complicated renovation strategy. It was about securing an established family home with useful land, a flexible layout and the important fundamentals already in place. Spacious without being excessive and updated where it mattered, it gave our client a property that should remain easy for both tenants and future buyers to understand.
