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Overview
This rare and expansive land holding of 3,302 square metres is a distinctive opportunity located in one of Frankston's most sought-after precincts. The site features an exceptionally flat, vacant terrain which enables immediate progress from acquisition to design and permit stages without incurring demolition costs. Zoned to allow for development up to four storeys (subject to council approval), this property presents a strategic foothold for investors or developers seeking accelerated returns.
Frankston’s evolution into a vibrant suburban hub offers a desirable coastal lifestyle combined with metropolitan conveniences. Positioned within the esteemed catchment areas of Frankston High School and Derinya Primary School, the land is well-placed to meet strong demand for contemporary housing solutions. The proximity to Monash University, Chisholm TAFE, and a prominent health precinct further enhances the area’s appeal, complemented by excellent connectivity with Frankston Station just a ten-minute walk away and access to major freeway links affording a 45-minute commute to Melbourne CBD.
Ideal for high-density residential projects, land banking, or a variety of commercial applications (subject to council approval), this substantial parcel provides a rare scale of suburban subdivision paired with the established amenities and infrastructure of a thriving metropolitan lifestyle. Investors will find flexibility in terms and confidence in the robust market performance of local residential developments.
- Land size: 3,302m² (0.82 acres) across three individual titles
- Zoning supports up to 13.5 metres building height (STCA)
- Strategically located for strong rental and capital growth potential
- Nearby educational institutions and health precinct drive demand
- Excellent transport connectivity to Melbourne and Peninsula
- Concept plans available for apartment complexes upon request
Overall, this landmark site offers a compelling proposition for buyers looking to secure a substantial land asset in a flourishing suburban environment with promising development prospects.
Local Market Insights
In Frankston, Quiet Listings observed 4 new parcels of land entering the market over the last 30 days, up from 3 during the previous 30-day period, with an average advertised asking price of $2,225,000. The property type mix of listed properties is predominantly Houses at 61%, followed by units (16%), and apartments (7%). Ray White was the most active agency in this area, representing 25.0% 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.
Change History
| Headline | When |
|---|---|
| $3,300,000 - $3,500,000 | |
| $880,000 |
Location
Frankston VIC 3199
Market Insights for Frankston VIC 3199
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