1 Anderson Street, Frankston, VIC 3199 | House for sale | OnTheHouse
 
FOR SALE
$750,000-$825,000 | Walk to CBD

1 Anderson Street
Frankston VIC 3199

Bedrooms: 5
Bathrooms: 2
Car spaces: 2
Land area: 937m2
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Auction Time
Sat 13 Jun 9:30 am
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Premium Frankston Development Opportunity Moments from the Beach

Welcome to 1 Anderson Street, Frankston - an exceptional development opportunity in one of the area's most sought-after coastal pockets. Positioned on a generous allotment just moments from the beach, this versatile property presents outstanding potential for developers, builders, and savvy investors looking to capitalise on the area's continued growth and strong buyer demand.
Currently offering a spacious five-bedroom, two-bathroom residence, the property also benefits from a quality long-term tenant in place, providing reliable holding income while future plans are considered. Whether you choose to renovate, landbank, or redevelop (STCA), the substantial landholding and highly desirable location create the perfect foundation for a premium townhouse or multi-dwelling project in an area where quality homes are in high demand.
Set within easy reach of the Frankston waterfront, CBD, boutique cafés, restaurants, parks, leading schools, and public transport, the address delivers an exceptional combination of lifestyle convenience and long-term investment appeal. With strong population growth and increasing demand for quality low-maintenance homes, the future potential here is undeniable.
Whether you're looking to secure your next development site, landbank for the future, or unlock the full potential of a premium parcel of land, 1 Anderson Street offers endless possibilities in a thriving bayside market.
Opportunities like this are increasingly rare - contact us today for further information and to explore the full potential of this outstanding property.
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Property Details for 1 Anderson St, Frankston

1 Anderson St, Frankston is a 5 bedroom, 2 bathroom House with 2 parking spaces. The property has a land size of 937m2. The place is currently for sale with OBrien Real Estate Frankston.

Building Type
House
Land Size
937m2
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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 21,668 properties. Over the last 5 years, Houses in Frankston have seen a 24.64% increase in median value, while Units have seen a 29.97% increase. As at 30 April 2026:

  • The median value for Houses in Frankston is $867,535 while the median value for Units is $593,226.
  • Houses have a median rent of $590 while Units have a median rent of $490.
There are currently 136 properties listed for sale, and 66 properties listed for rent in Frankston on OnTheHouse. According to Cotality's data, 1161 properties were sold in the past 12 months in Frankston.

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Tia Milne
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OBrien Real Estate Frankston
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