5 Lambert Street Frankston North, VIC 3200

Footsteps to Monterey Community Park and a short walk to Mahogany Primary School, Monterey Secondary, shops and public transport, this three bedroom home presents an exciting opportunity for developers, starters, renovators or investors to secure an affordable property in a family-friendly location.

With council approved plans and permit ready to go, this subdividable 607m2 (approx.) allotment provides a fantastic opportunity to develop. With construction drawings and engineering report complete, the savvy purchaser is ready to start construction immediately. With the $25k construction grant available through the government in addition to first home buyers incentive, this is the one you've been waiting for!

The circa 1980s residence has been much loved and well maintained over the decades, while a creative eye will quickly spot the scope to modernise to add comfort, style and equity to the home.

Spacious interconnecting living and dining zones boast plenty of natural light, great storage, a gas fireplace and easy access to a tidy original kitchen, which includes a gas stove and atrium-style window.

Three bedrooms with built-in robes are cradled down a separate hall with a two-way bathroom with separate toilet adjacent the laundry room, while outside an expansive covered alfresco area with bistro blinds is the perfect set up for year-round enjoyment.

Only 45 minutes' drive to Melbourne, the property includes ducted heating, a garage, carport and barbecue area.

Should you require any further information, please do not hesitate to contact George Devic on 0400 022 192 anytime.

Please note photo ID is required at all inspections.