Frankston fac­tor pay­ing div­i­dends

Herald Sun - Property - - NEWS -

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.

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