Frankston factor paying dividends
ADAM Dearing’s Frankston home has done a lot of growing up in the past 12 years.
Mr Dearing paid $185,000 for the three-bedroom brick veneer at 4 Baillie Court as a single 22-year old in 2003.
Since then, he’s married Tina and they’ve had two boys, Liam, 5, and Toby, 3, and the house itself has had a makeover.
“It’s mostly cosmetic stuff. It was a typical ’70s house with the fake timber panelling halfway up the walls and that sort of thing. It needed a lot of modernising,” Mr Dearing said.
All that work, plus the appreciation of house prices in Frankston means the home is now set to be auctioned on April 9.
Mr Dearing said he had watched prices rise in Frankston. Meanwhile, the family has taken the keys to a Noble Park home that’s closer to work and family.
“We love Frankston but it was just a bit of a commute,” he said.
Harcourts, Frankston, agent, Rene Abblitt, said the house had attracted strong interest during the campaign, including 29 groups through a day after the campaign was launched.
“The property is neat, clean and ready to be rented out,” she said.
Ms Abblitt said price expectations were around the low to mid-$400,000 range.
Hocking Stuart, Frankston, agent Adam Froling said affordability was a key driver of demand in the area, but he was noticing more buyers were moving to Frankston by choice.
“We’ve got people going ‘I’ve got money and can be here, there or wherever I want’. They’ve got the choice to afford more expensive suburbs but are coming here by choice,” he said.
The 4 Baillie Court home will be auctioned on April 9 at 1pm.