2/5 Lorraine Street, Frankston, VIC 3199 | Property Value & History | OnTheHouse
FOR RENT

2/5 Lorraine Street
Frankston VIC 3199

Bedrooms: 3
Bathrooms: 2
Car spaces: 1
Floor area: 111m2
Land area: 128m2
This property is currently on the market
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Property Details for 2/5 Lorraine St, Frankston

2/5 Lorraine St, Frankston is a 3 bedroom, 2 bathroom Townhouse with 1 parking spaces and was built in 2023. The property has a land size of 128m2 and floor size of 111m2.This Property is currently listed for rent with Ray White Frankston

Building Type
Townhouse
Year Built
2023
Floor Size
111m2
Land Size
128m2
Local Government
Frankston
Lot/Plan
2/PS843028

Last Listing description (March 2026)

This stylish near-new townhouse offers contemporary living across two levels, designed with comfort and convenience in mind. With quality finishes, generous spaces, and a location that puts everything within easy reach, it's the perfect home for modern lifestyles.

Property Highlights:

Three bedrooms, master with walk-in robe and ensuite

Open plan living, dining, and kitchen with seamless flow to an outdoor deck

Sleek kitchen with 5-burner gas cooktop, under-bench oven, and dishwasher

Split system heating and cooling throughout, including bedrooms and living area

Bright interiors with LED lighting for modern efficiency

Upstairs bedrooms for privacy and comfort

Main bathroom plus separate laundry and additional toilet

Secure single garage for convenience and peace of mind

Location Perks:
Enjoy being just moments from Bayside Shopping Centre, Frankston CBD, and the train station, with local shops within walking distance. Education, fitness, and leisure are also at your doorstep, with Chisholm TAFE, PARC, and Frankston's famous beach all nearby.

***It is a requirement of entry to all Ray White Frankston Rental Inspections that a valid photo ID is presented to the Leasing Agent. Information not limited to name and ID number may be recorded in accordance with our Privacy Policy.***

Disclaimer: Whilst every care is taken in the preparation of the information contained in this marketing, Ray White Frankston will not be held liable for any errors in typing or information. All interested parties should rely upon their own enquiries in order to determine whether or not this information is in fact accurate.

Property History for 2/5 Lorraine St, Frankston, VIC 3199

A timeline of how this property has performed in the market
Listed for Rent
$620/w
12 Mar 2026
  • 05 Mar 2026
    Listed for Rent $620 / week
  • 10 Sep 2025
    Listed for Rent $595 / week
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About Frankston 3199

The size of Frankston is approximately 19.8 square kilometres. It has 72 parks covering nearly 21.2% of total area. The population of Frankston in 2016 was 36097 people. By 2021 the population was 37331 showing a population growth of 3.4% in the area during that time. The predominant age group in Frankston is 30-39 years. Households in Frankston are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Frankston work in a professional occupation.In 2021, 58.30% of the homes in Frankston were owner-occupied compared with 56.80% in 2016.

Frankston has 21,723 properties. Over the last 5 years, Houses in Frankston have seen a 34.43% increase in median value, while Units have seen a 34.05% increase. As at 28 February 2026:

  • The median value for Houses in Frankston is $871,189 while the median value for Units is $589,978.
  • Houses have a median rent of $580 while Units have a median rent of $490.
There are currently 121 properties listed for sale, and 65 properties listed for rent in Frankston on OnTheHouse. According to Cotality's data, 1176 properties were sold in the past 12 months in Frankston.

Suburb Insights for Frankston 3199

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Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.