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40 Brighton Street, Frankston South VIC 3199

$1,450,000 - $1,595,000

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$1.45M - $1.52M Transparent Transparent Listing Based on an openly advertised listing price.

House 3 Beds 1 Bath 8 Cars 1289 m²

Listed: 5th Aug 2026

Updated: 4 days ago

Overview

This elevated property at 40 Brighton Street offers a rare opportunity for developers and investors alike, with approved plans and permits for four architecturally designed double-storey townhouses on a substantial 1,289 square meter allotment in the sought-after Mornington Peninsula region.

The existing well-maintained 1960s double-storey house includes a spacious layout with three bedrooms, including a ground-floor main suite, a single bathroom, and eight parking spaces. The design and scale of the planned townhouses focus on modern, functional living with multiple living zones and secure double garages, catering to contemporary lifestyle demands.

Positioned in a quiet residential pocket, the site benefits from close proximity to the Norman Avenue shopping strip and the natural environment of the Sweetwater Creek Nature Reserve. Transport options and appealing local schools such as Frankston High School and Derinya Primary School further enhance the location's desirability, attracting strong buyer demand.

Currently leased, the property provides an immediate rental return, allowing flexibility as future development plans progress. The elevated setting within a neighborhood of charming original and improved properties adds to the appeal and potential value uplift.

Overall, this property represents an exceptional development site in a high-growth area, ideal for developers seeking to capitalise on premium location and contemporary townhouse living potential.

Local Market Insights

In Frankston South, Quiet Listings observed 64 new houses entering the market over the last 30 days, down from 72 during the previous 30-day period, with an average advertised asking price of $1,045,922. The property type mix of listed properties is predominantly Houses at 67%, followed by units (13%), and apartments (7%). The most active agency for houses in the Frankston South area is currently Ray White, representing 19% of new listings, followed by OBrien Real Estate with 19%. 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.