40 Casuarina Drive
Frankston South, 3199 VIC
1980 house on a 692 m² block with 23m frontage.
Property Snapshot
1980House3 Bed2 Bath2 Off Street692 m² Land169 m² Internal23m Frontage
Investment Highlights
What makes 40 Casuarina Drive compelling from a buying and value-add perspective.
Market Status
Off Market
Land Size
692 m²
Frontage
23m
Zoning
R1Z
Residential
Why Buyers Look At This One
Rare add-value profile — 1980 house on a 692 m² block and a 23m frontage.
Renovate upside — modest 169 m² internal area creates a clear renovation, extension or reconfiguration opportunity.
Walkable transport position — approx. 1.9km to bus, 2.6km to train station and 1.1km to schools.
Neighbourhood quality — strong owner occupier setting with low-turnover character housing nearby.
Property Snapshot
Core facts, planning controls and ownership history.
Bedrooms
3
Bathrooms
2
Parking
2 off-street
Internal Area
169 m²
Ownership & Value
Last Sold$1.16M
Sold DateApr 2026
Land Value—
RPD167\LP98156
Planning & Site
Property TypeResidential
AccessSingle Access
Height Limit—
Max Storeys—
Wide FrontageResidential
Pricing & Valuation
Guide, estimate and broader pricing context.
Market Status
Off Market
3 Bed Median
$999k
Growth Since 2026
—
Price Estimate
—Low
$1.16M
—High
VeryHigh Confidence
—
Since last sold — $1,160,000 — April 2026
Suburb 3 bed house median price over time
Rental Market
Yield, rental pricing and local leasing landscape.
Median Rent
$650
3 Bed Yield
3.4%
Vacancy
1.3%
Rentals Last 12M
13
Suburb 3 bed house median rent over time
Planning & Risk Overlays
Important due diligence considerations for this property.
Flood Overlay Detected
No flooding known in this area
Other Overlays
Bushfire: BPA - Bushfire Prone Area. Heritage: No heritage known in this area. Biodiversity: SLO - SIGNIFICANT LANDSCAPE OVERLAY - SCHEDULE 4.
Location & Connectivity
Access to transport, schools and local amenity around 40 Casuarina Drive.
Train Station
2.6km
Bus Stop
1.9km
Schools
1.1km
Road Type
residential
Transport: Easy access to nearby train station and frequent bus routes.
Lifestyle: Walking distance to local shops, parks and nearby dining precincts.
Positioning: Quiet residential street with strong owner occupier presence and limited turnover.
Neighbourhood Profile
Proximity to amenities and local context impacting livability.
Social Housing
1.4%Train Station
2.6kmBus Stop
1.9kmCentre Zone
524mRoad Type
residential (Low Noise)School Catchment
1.1kmFrankston South Snapshot
Broader suburb metrics that support the local story.
Population
18,801
Owner Occupiers
78%
Social Housing
1.4%
Crime Index
—
Not available
High Owner Occupier AppealLow Stock on MarketLow Vacancy
Explore Frankston South in more detail
Deep dive into growth, demand, demographics and comparable sales.
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