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Overview
This property represents a prime development opportunity in a highly sought after part of Frankston. It is set on a flat, usable land parcel of approximately 800 square meters, featuring a wide frontage of 19.9 meters and a depth of 40.3 meters. This site is ideal for developers, builders, and savvy investors seeking a rare chance to acquire a valuable piece of real estate in a blue-chip location.
The existing weatherboard cottage on the site is in average condition and adds minimal value, with the focus primarily on the land and the potential it offers for redevelopment. There are no easements affecting the property, and it benefits from favourable zoning under the Frankston Planning Scheme, which supports potential multi-dwelling development, subject to council approval. Development guidelines permit building heights of up to 13.5 meters and site coverage up to 75%, presenting ample scope for substantial growth.
This location's appeal is further underlined by its proximity to key amenities and lifestyle attractions. The property is situated approximately 200 meters from Beauty Park and the Frankston Football Oval, less than 800 meters to Frankston Pier and beach, and around 900 meters away from the Frankston Train Station, Hospital, and Botanical Gardens. It is also conveniently located near Frankston Primary School and lies within the highly regarded Frankston High School Zone, approximately 2.5 kilometers away.
The setting offers a unique combination of lifestyle, convenience, and potential for long-term capital growth. Whether the future owner aims to develop, hold the land as a long-term investment, or construct an exceptional new home, this site offers an outstanding opportunity that is not likely to be on the market for long.
Additional features include the fully fenced outdoor area which enhances privacy and security, making the property ready for future plans. Potential purchasers are encouraged to act promptly to secure this exceptional development site while it remains available on the market.
Local Market Insights
In Frankston, Quiet Listings observed 80 new houses entering the market over the last 30 days, up from 50 during the previous 30-day period, with an average advertised asking price of $1,105,663. The property type mix of listed properties is predominantly Houses at 64%, followed by units (18%), and townhouses (6%). OBrien Real Estate was the most active agency in this area, representing 38.5% of all new listings in the last 30 days. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Location
Frankston VIC 3199
Market Insights for Frankston VIC 3199
Other properties in this postcode
* Search brackets are a technical classification derived from unverified metadata set by the listing agent for search filtering. It is not an official price guide, a valuation, or a representation of the seller's reserve. This data is provided for search transparency purposes only.
