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7 INNICHEN CLOSE FRANKSTON SOUTH VIC 3199

HOUSE FOR SALE

$1,850,000

Estimated Valuation

7 INNICHEN CLOSE FRANKSTON SOUTH VIC 3199 Property Photo
Bedrooms

4

Bathrooms

2

Car Space

6

Land Size

2,651 m²

Year Built

-

Property Type

House

COMPARE LISTINGS
Added 12 hours ago
Listing Price

$1,800,000 - $1,980,000

Listed By
Janice Dunn Estate Agents - FRANKSTON SOUTH
A rare opportunity to secure a massive 2,651sqm family estate in Frankston South that offers resort-style living with a pool, alfresco, and significant vehicle parking. This versatile home features three separate living zones and four bedrooms, making it an ideal choice for growing families or those seeking long-term potential on a substantial block.

Description

This substantial single-storey family residence is located in a quiet court setting within Frankston South, offering significant space and versatility for multi-generational living or entertaining. The property sits on an expansive 2,651sqm lot, providing ample room for the pool, gardens, and vehicle access.

Exterior & Grounds: The home features impressive street appeal with mature landscaping and a double lock-up garage. The outdoor area is designed for resort-style living, featuring a full-length alfresco entertainment zone with skylights and ceiling fans, a large in-ground swimming pool, and a separate pool house that offers potential for renovation or additional income. The grounds include established gardens with over 30 iceberg rose bushes and extensive paving.

Interior Layout: The floor plan is designed for flexibility, featuring three distinct living zones. The main living area is bright and open, flowing through sliding glass doors to the alfresco. A dedicated third sitting room or home office provides a peaceful retreat overlooking the pool. The primary suite acts as a private parents' retreat, situated away from the family wing, complete with double-door entry, bay window, his-and-hers robes, and a spacious ensuite.

Kitchen & Bedrooms: The kitchen features white cabinetry, stone benchtops, stainless steel appliances, and a large island bench that anchors the space. There are four bedrooms in total; the primary suite plus three additional queen-sized bedrooms in the family wing, all equipped with built-in robes. Two bathrooms service the property.

Condition: The home appears to be an established residence with high-quality finishes including stone tiling and extensive use of glass for indoor-outdoor flow. The style is contemporary but leans towards standard family aesthetics rather than ultra-modern trends. The condition looks good to fair, well-maintained but ready for the next owner's personal touch.

Property Style & Condition

Overall
contemporary
good
Condition
Exterior
modern
good
Condition
Livingroom
contemporary
good
Condition
Bedrooms
standard
good
Condition
Kitchen
contemporary
good
Condition
Bathroom
contemporary
good
Condition
Yard
landscaped
excellent
Condition

Key Features

2,651sqm land size
In-ground swimming pool
Full-length alfresco with skylights
Pool house/shed
Double lock-up garage and dual-entry driveway
Three separate living zones
Primary suite with his-and-hers robes and ensuite
Home office/third sitting room
Stone benchtops and kitchen island
Mature landscaping and gardens
Quiet court location
Proximity to Overport Park

Specifications

Property Details
Property Type House
Architectural Style Single-storey,Open-plan living
Stories 1
Parking Type attached garage, driveway
Construction brick
Windows double pane
Gas natural gas
Internet nbn
Location & Setting
Setting suburban
Lot Position cul de sac
Views park, garden
Beach Proximity short drive
Nearby Amenities
Near parks
Near high school
Near primary school
Rental Information
long term rental only

Exterior

pool
alfresco
patio
covered patio
outdoor shower
shed
double carport
driveway
mature landscaping
garden
solar panels
park

Indoor

open floor plan
fireplace
tile floors
carpet
kitchen island
stainless steel appliances
home office
primary suite
ensuite bathroom
walk in closet
skylight
ceiling fan
french doors
sliding glass doors
refrigerator
dishwasher
fireplace
split system
security gate
single story
Listed on 29 Aug 2026

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    Property     FRANKSTON SOUTH     LGA

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FRANKSTON SOUTH Statistics

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Property Price History

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Market Activity (Sales Volume)

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Education Quality & Safety Index

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High Owner Occupier % and Family Household %.

Livability Scores

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Age Distribution Profile

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Crime in suburb of Frankston South VIC

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Population

-

Crimes Committed

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Crime Rate

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Safety Rank

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Overall Crime

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5-Year Crime Trend (2020 - 2024)

Crime Composition (2024)

Violent vs Property vs Other

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Victimization Probability

Violent Crime Chance 1 in X
Property Crime Chance 1 in X
State Average (Violent) 1 in 84

Schools within the catchment Frankston South VIC

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1 The Property

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2 Your Situation

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3 Costs & Assumptions

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Land tax (NSW)Annual holding cost on combined land value over the threshold.
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NSW 2026: nil up to $1,075,000 combined land value, then $100 + 1.6% of the excess, rising to $88,036 + 2% premium rate above $6,571,000. Computed land tax replaces the figure in section 3.
Cash buffer & risk capacityCould you survive vacancy, rate rises and repairs?
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Calculating…Verdict ?
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rent cash flow + capital gain − all costs & tax
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Comparing Common Investments ?
What this shows
Property value (grey bars, left axis) is the projected market value each year using your capital-growth assumption. The capital profit if sold line (coral, left axis) is the money you'd actually walk away with that year after repaying the loan, paying selling costs, paying CGT, and getting back the cash you put in. The rent collected line (teal, right axis) is gross annual rent received, grown at your rent-growth assumption.
What this shows
Three views of how the position evolves year by year. Property value (dashed) shows the asset growing at your capital-growth rate. Equity (coral) is value minus loan balance — how much of the property you actually own. Cumulative cash flow (teal) is the running total of all after-tax rent (positive) or top-ups (negative) you've put in since day one.
What this shows
The yearly cash position after every cost and tax effect. Green bars = positive years (the property paid you). Red bars = years you had to top it up from your pocket. This is the most honest picture of what holding the property feels like on a year-to-year basis.
What this shows
Where every dollar of the projected sale price goes. Net to you is what lands in your bank account; the rest is consumed by loan payout, selling costs and capital gains tax. The CGT slice depends on which regime applies (50% discount, indexation + 30% min tax, or a split of the two).

What this shows
How fragile your outcome is to the capital-growth assumption — the single biggest swing factor in any property forecast. Each point on the line re-runs the entire model at a different growth rate. Where the line crosses the dashed zero, that's roughly the growth rate needed just to break even over your hold period.

What this shows
The same upfront cash invested four different ways, held the same number of years. The property includes all rent, costs, tax and the final sale (after CGT and loan payout). The ASX 200 ETF compounds at its assumed total return; the gold line compounds at gold's long-run average; the inflation line is what you need to just preserve your purchasing power. Any year the property bleeds cash, that shortfall is invested in the comparison asset too (so they get the same total dollars over the life of the deal). Gains on the comparison assets are taxed under the same 2026-Budget CGT regime that applies to shares and ETFs — the transitional split (50% discount on the pre-1 Jul 2027 portion, then cost-base indexation + 30% minimum tax on the post-1 Jul 2027 portion), since non-property assets are never grandfathered.
What this shows
The full year-by-year ledger. Cash flow is pre-tax (rent minus all cash costs); tax effect is the value of any deduction or the tax bill on net profit; after-tax is the actual dollars in or out of your account that year. Cumulative is the running total.

About this model

Reflects the 2026 Federal Budget proposals (announced 12 May 2026): from 1 July 2027, negative gearing on established residential property bought after 7:30pm 12 May 2026 can only offset rental income / residential property gains (excess losses carry forward), and the 50% CGT discount is replaced by cost-base indexation plus a 30% minimum tax on the real gain accruing after 1 July 2027. The CGT change applies to all CGT assets (shares, ETFs, gold, crypto), not just property, so the comparison assets are taxed on the same basis. New builds retain full negative gearing and the choice of the 50% discount. Properties contracted on/before 12 May 2026 are grandfathered. The main residence, superannuation funds and widely-held trusts are exempt. These are proposed rules that may change in legislation. Resident tax rates 2025–26 are used (incl. 2% Medicare levy). This is general information, not financial, tax or legal advice — consult a licensed adviser before acting.
Purchase Cost Calculator

The True Cost of Buying this Property

Beyond the sale price, Australian property buyers face stamp duty, legal fees, inspections, loan charges and more. Adjust the purchase price and your state to see the full picture.

Purchase Price
$850,000
AUD
$100K $5M
Property State
Your Situation
Total Additional Costs
On top of the $850,000 purchase price in NSW
Extra Costs
$52,000
All-In Cost
$902,000
% of Price
6.1%
How these figures are calculated

Stamp Duty (Transfer Duty): Calculated using each state's 2024–25 residential transfer duty brackets for owner-occupiers. First home buyer concessions and investor surcharges are applied where selected.

Lenders Mortgage Insurance (LMI): Estimated at approximately 1.5–2.5% of the loan amount, assuming an 85% LVR. Actual LMI depends on your lender, LVR and loan size.

Conveyancing / Legal Fees: Typical range of $1,500–$3,000 covering contract review, searches and settlement. We use a mid-range estimate.

Building & Pest Inspection: Typically $400–$800 combined for a standard residential property.

Loan Application & Mortgage Registration: Includes bank application fees ($300–$600), mortgage registration (state-based, usually $150–$230) and transfer registration fees.

Council & Water Rate Adjustments: Estimated at around 0.1% of the purchase price — the buyer typically reimburses the seller for pre-paid rates.

These estimates are indicative only. Always confirm exact figures with your conveyancer, broker and the relevant state revenue office before committing to a purchase.

Mortgage Calculator

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Buyer Fees Calculator

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Disclaimer: This calculator provides estimates only based on standard published rates for 2025-26. Actual stamp duty may vary based on individual circumstances, concession eligibility, and contract dates. LMI is a rough estimate only — actual premiums vary by lender, LVR, and loan size. Always verify with your state’s revenue office and seek professional advice before purchasing.

Mortgage Affordability & Borrowing Capacity Calculator

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Disclaimer: This calculator provides an estimate only and does not constitute a quote or loan approval. Calculations are based on standard APRA guidelines (including a 3.0% interest rate assessment buffer) and 2025–26 Australian resident tax rates. Lenders may apply their own specific Household Expenditure Measure (HEM) rules, risk margins, and varying credit card assessment rates (typically 3.8% of the limit). Rental income is shaded to 80%. Always speak to a licensed mortgage broker or lender for an exact assessment.

Refinance Savings Calculator

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Disclaimer: This calculator provides estimates only. It assumes interest rates remain constant for the life of the loan and does not account for offset accounts or extra repayments. Refinance costs vary by lender and state (typically including a discharge fee, application fee, and government mortgage registration fees). If your loan balance is above 80% of your property's value, you may also be required to pay Lenders Mortgage Insurance (LMI) when refinancing. Always seek professional financial advice.

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