1&2/50 Orwil Street, Frankston, Vic 3199

$770,000 - $847,000

House
Type
5
Bedrooms
2
Bathrooms
2
Parkings
702 m²
Area

Last updated on Monday, July 06, 2026 ( See property details for 1&2/50 Orwil Street, Frankston, Vic 3199)

$770,000 - $847,000

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A versatile dual-residence property on a substantial corner block in central Frankston, offering renovation potential, development options, and excellent connectivity.

🏡 Property Highlights

  • Dual-residence property with immediate income potential
  • Strong 702 sqm corner-positioned allotment offering development flexibility
  • Two separate homes with significant renovation upside
  • Prime central Frankston location with excellent connectivity
  • Potential for subdivision or multi-dwelling development (STCA)
  • Close to public transport, Frankston CBD, and Long Island foreshore

✨ Key Features

  • Garage
  • Open-Plan Living
  • Built-in Robes
  • Outdoor Area
  • Waterfront / Views
  • Security Screens / Gates
  • Fly Screens
  • NBN / High-Speed Ready
  • Extra Storage (Shed/Linen)
  • Pet-Friendly

Frankston is a vibrant coastal suburb renowned for its excellent amenities, beautiful foreshore, and strong community vibe. It offers convenient access to public transport, shopping, and recreational facilities, making it highly desirable for both families and investors. The area is experiencing ongoing growth and development, ensuring long-term value. With its proximity to Frankston CBD and major transport links, residents enjoy a seamless lifestyle with everything within reach.

What are the renovation possibilities for the existing homes?
Both homes offer significant renovation upside, allowing for modern updates, custom finishes, and increased value, depending on your preferences and budget.
Is subdivision or multi-dwelling development permitted (STCA)?
Yes, the large corner allotment provides potential for subdivision or multi-dwelling development, subject to council approval and STCA regulations.
How accessible are public transport options?
Buses stop directly at the doorstep, with Kananook and Frankston stations just moments away, providing excellent connectivity to Melbourne and surrounding areas.
What amenities are nearby?
The property is close to Frankston CBD, Long Island foreshore, shopping centers, schools, and recreational facilities, offering a convenient lifestyle.
Can I live in one home and rent out the other?
Absolutely, the layout allows for living in one residence while renting out the other to generate income or offset expenses.
Are there any existing planning restrictions or easements on the property that could affect development or subdivision plans? What are the potential costs involved in renovating or upgrading both homes? Are there any known issues with the land, such as flooding or bushfire risks? Is the property compliant with all local council regulations and building codes? Are there any upcoming infrastructure projects or planning activities in the area that could impact the property’s value or livability? What are the strata or body corporate considerations, if applicable? Are there any hidden costs associated with the property, such as council rates or maintenance fees? Has a recent pest and building inspection been conducted, and are there any defects? What is the zoning classification, and are there restrictions on future development? Are there any nearby construction or development plans that could cause noise or disruption?

1&2/50 Orwil Street, Frankston, Vic 3199 - More Details

$770,000 - $847,000

Type
House
Bedrooms
5
Bathrooms
2
Parkings
2
Area
702 m²

Price guide

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