Opportunities with huge upside like this potential do not come by often. What we have here is an opportunity to create your own 'Castle' with a renovation or a redevelopment. Add to that the neighbouring property is to be auctioned on the same day at 15 Lacenet Avenue Frankston North and you can double your chances with the POWER OF TWO This modest brick veneer home is in need of a major revamp and is offered on an "AS IS" basis. Sitting on 603m2 (approx.) of prime Frankston North soil, plenty of development or subdivision (STCA) opportunities are out there. Conveniently located on the doorstep of Mahogany Rise Primary and walking distance to Monterey Secondary College, local parklands, public transport. Adding to that it's only a short drive to Peninsula Kingswood & Centenary Park golf courses plus easy access to Mornington Peninsula Freeway it makes this a unique opportunity for astute investors, first home buyers or developers. Buy one or buy them both! PROPERTY PARTICULARS: Lot Size | 603 sqm Front Boundary | 15.24m Rear Boundary | 39.62m Chattels: All fittings and fixtures as inspected. Deposit: 10% Settlement Terms: 30 days.