Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
http://www.realestate.com.au/reales...rt+(frankston)+pty+ltd/xhsfra/page7/104033945
is this the prop you purchased..?
Well.. Frankston has multi million $ prop right down to the $230k ones, and it is almost 3 times the size of an average suburb, so it is too subjective to say that a prop worth $345k is too expensive for the area.
It is however one of the best pockets of Frankston (outside bayside area) and is referred to as the golden triangle.
What sort of rent are you expecting..?
Thanks for the replay.
I didn't buy that one. A guy from Ireland bought that one. Mine is very close to that one.
Looking for $220~$230 P.W. What do u recon?
I think you paid a lot for it, but only time will tell if you paid too much. Next door was leasing for 250 a week and down the road 230. A guy up the road was asking 300 but it stayed empty for a while and i dont know if he got that much. I bought a property very close to there for 106K but that was in 2001.
You might find that there is potential to build a small 2 storey unit on the rear of that property, you might have to remove part of the house though. There is currently an application to build three units down the road on the same sized block. I think it is one of the best areas of frankston for long term growth (apart from ones close to the water) and who knows, the area may be redeveloped into something else oneday. It is a much nicer area than the houses around beach street, particularly less feral residents. And most of all I dont think you will lose. Dont stress.
http://www.domain.com.au/Public/PropertyDetails.aspx?adid=5431865
http://64.233.167.104/search?q=cach...+dell+road+frankston&hl=en&ct=clnk&cd=1&gl=au
Hey my un-met friends,
I recently signed an unconditional offer for a 3 Bed BV corner property in frankston for 345K. My friends all said i am pissed off and it's bit too rich for the vendor. Just wondering how much is it really worth?
What is the golden triangle that is referred to by formites and REAs'? Why does this area have such great potential?
Curious?
Thanks in advance
Purple Patch
[/QUOTE
There are several parts to Frankston. As in any major city, homes that are located within walking distance to the city often are or will become very sought after and as a result very expensive.
Frankston South is an upmarket place of Frankston and is well sought after due to its proximity to the beach, City of Frankston, University and if you buy right you can get into the Frankston High School Zone
Frankston Central incorporates homes that fit the criteria of being within walking distance to the City of Frankston, beach, University and transport
If you look on the map of frankston, the Birdwood Street area, which looks like a triangle and is also in the Frankston Central area and thus is often referred to as the Golden Triangle.
The Birdwood Street area or Golden Triangle, looks and is, more upmarket than the Beach Street part of Frankston Central with less undesirables.
It's a lovely area.
You can never pay too much for a property, only too early.
The deals done isnt it? No use worrying about it now.