25 Jasper Terrace, Frankston South, VIC 3199

Presenting an exclusive off-market opportunity to purchase the existing home at 25 Jasper Terrace, Frankston South. Set on a subdivided 400 sqm (approx.) block, this charming property is perfect for savvy investors, downsizers, or families seeking a location in the coveted Frankston High School zone.

Currently leased at $3,129 per month, the residence is offered with vacant possession or the flexibility to retain the tenant on a month-to-month lease. The property features an L-shaped lounge, separate kitchen/meals area, two bathrooms (with an ensuite to the master), and a second living space leading to a large sunroom and storeroom. Updates to the central bathroom have already been completed, offering a fresh, modern touch.

The home enjoys a private courtyard, a stepped garden on one side, and a large paved outdoor entertaining space on the other. Secure gated access adds to the convenience of this family-friendly location, with Montague Park just steps away. Zoned for Frankston High School and close to Frankston's Bayside Centre, Monash University, public transport, and the hospital, this is an ideal home for those looking to invest in the future.

Subdivision of the block is expected to be complete by Christmas 2024, with the owner retaining the newly created lot to build a double-storey townhouse. The existing property will benefit from a new single lockup garage, replacing the current double carport. Anticipated settlement is in the first quarter of 2025.

Key Features:

Existing 3-bedroom home on 415 sqm (approx.) after subdivision

Periodic rental returning $3,129 per month

Spacious L-shaped lounge and additional living space

Modern central bathroom, ensuite to the master bedroom

Private courtyard, large paved entertaining area

New single lockup garage to be built

Zoned for Frankston High School, steps from Montague Park

Settlement expected in Q1 2025