8% Yield on Dual Occ in Frankston - A good Buy?

I bought a few houses in Frankston over a year ago. Most yield around 5%. Possibly a bit more as rents are constantly rising.

To the OP: the situation you have described is a dream. I would have grabbed it myself had I known it was on the market.

Obviously it is not pretty enough for a PPOR. But it is definitely an excellent investment property, which will more than pay for itself.

IMHO it's these "low-end" situations which will produce decent capital gain. Pay too much for top-end property in Frankston and your capital gain may well be more modest.

TMNT, can you check if the sold price is genuine and not a misprint?
 
It appears to be a misprint. The house is in Frankston North, not Frankston.

Whilst there may be bargains aplenty in Frankston North, it is the central area of Frankston that I am especially interested in.

Can any buyers agents or real estate agents assist?
 
Don't think that rear shed or granny flat would be able to rented out legally. So wouldn't call it a true dual occupancy. Council wouldn't approved it as a separate self contained dwelling.
 
Frankston nth is rising abit cause of low median young familys are buying there
As for central frankston thats consistanly rising quite fast its a great area to buy in all amenites are at your leisure. Best streets in central frankston are stanley joy and queen st
 
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