NewsBite

Frankston Kananook Creek home in suburb’s ‘best kept secret’

It might look like it could be an enchanting English canal, but this water’s edge property is in an outer suburb not known for its creekside living. Here’s a chance to get into its “best kept secret”.

318 Nepean Highway, Frankston has secluded views of Kananook Creek.
318 Nepean Highway, Frankston has secluded views of Kananook Creek.

This enchanting creekside home with its own jetty could be Frankston’s “best kept secret”.

The six-bedroom property at 318 Nepean Highway adjoins the serene Kananook Creek, which runs parallel to the coastline, just a couple of blocks back from the beach.

Lucky buyers will enjoy tranquil, private and picturesque views surrounded by rose gardens and tall lush trees in their own backyard.

RELATED: Frankston beach box record price reeled in ahead of auction

Ernie Carroll: Ossie Ostrich creator sells clifftop Mount Eliza home

Frankston South clifftop dream home with incredible views for sale

The creek is a lesser-known gem in the suburb.
The creek is a lesser-known gem in the suburb.
Roses and other flowers add to the home’s magic feel.
Roses and other flowers add to the home’s magic feel.
Picture perfect.
Picture perfect.

The house is on the market with a $685,000-$750,000 price guide.

Hocking Stuart Frankston agent Adam Miller said it was a rare opportunity to own a property on the water’s edge at a more affordable price point.

“The real estate a bit further down in Long Island along the beach tends to be over $2m, but this is directly adjacent from the Long Island area with all the same benefits, for a fraction of the price,” Mr Miller said.

“There’s not many properties like this in that patch. It’s probably got one of the largest jetty’s along the creek,” he added.

Lush gardens complement the home’s creekside setting.
Lush gardens complement the home’s creekside setting.
Plenty of spaces to enjoy the surrounds.
Plenty of spaces to enjoy the surrounds.
A neat kitchen.
A neat kitchen.
The property comprises three self-contained spaces.
The property comprises three self-contained spaces.

The house is also a short walk from a range of local cafes, Frankston train station and shopping arcades.

“Even though it’s on the highway you can’t hear the road much because noise gets blocked by the surrounding houses,” Mr Miller said.

The property comprises three self-contained pads, each offering period flourishes from different eras.

Its original Art Deco facade dates back to the 1940s, with that house featuring high ceilings, chandeliers and ceiling rosettes inside.

A quirky bathroom in the ‘80s style bungalow.
A quirky bathroom in the ‘80s style bungalow.
The property offers plenty of potential for investors.
The property offers plenty of potential for investors.
One of the property’s six bedrooms.
One of the property’s six bedrooms.
Room for kids to play or for a home office.
Room for kids to play or for a home office.

Described as a “journey through the centuries” in “Frankston’s best kept secret”, the property’s extensions and renovations offer design characteristics of the ‘80s including a secondary one-bedroom, one-bathroom abode, and a substantial two-bedroom bungalow at the rear.

“There’s quite a few people looking into it as an investment, they really like the idea of the self-contained areas,” Mr Miller said.

“With the opportunity to rent them, it’s definitely getting more investors than usual.”

READ MORE: Australian tenants expose defects in homes, Victoria awaits minimum standards

The Block 2020: Frank Valentic, Nicole Jacobs predict the winner

Ben Holland: Former Tiger and Demon looking for Prahran tenant

Originally published as Frankston Kananook Creek home in suburb’s ‘best kept secret’

Original URL: https://www.news.com.au/finance/real-estate/melbourne-vic/frankston-kananook-creek-home-in-suburbs-best-kept-secret/news-story/98718f49a9c2bb41429c635e36a8bae6