14 Mereweather Avenue, Frankston, VIC 3199 | House for sale | OnTheHouse
 
FOR SALE
$900,000

14 Mereweather Avenue
Frankston VIC 3199

Bedrooms: 2
Bathrooms: 1
Car spaces: 5
Land area: 805m2
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PLANS AND PERMITS APPROVED FOR 6 TOWNHOUSES ON 805M2

Positioned in one of Frankston's most strategically located pockets, this exceptional 805m² (approx.) development opportunity presents the perfect combination of immediate holding income, future development upside and premium positioning within the highly sought-after Residential Growth Zone Schedule 1 (RGZ1).
Complete with plans and permits already approved for 6 architecturally designed triple-storey contemporary townhouses, this is a rare chance for developers and investors to fast-track their next project in a location that continues to experience strong demand and significant growth.
The existing residence is a neat and tidy 2-bedroom, 1-bathroom home, providing comfortable accommodation or potential rental income while future plans are considered. Whether you choose to proceed with the approved development, landbank for the future, or explore alternative high-density opportunities (STCA), the flexibility and potential here are truly outstanding.
Located moments from Frankston's thriving activity centre, the property enjoys close proximity to major amenities including Bayside Shopping Centre, Frankston Beach, Frankston Train Station, Monash University, Chisholm TAFE, Frankston Hospital and Peninsula Private Hospital. Easy access to Nepean Highway, Peninsula Link and major arterial roads further enhances the appeal for future occupants and investors alike.
With Frankston continuing to evolve as a major lifestyle and infrastructure hub on the Mornington Peninsula, developments in this calibre of location are becoming increasingly difficult to secure. The RGZ1 zoning provides ultimate flexibility and encourages higher-density residential outcomes, making this an exciting proposition for builders, developers and savvy investors looking to capitalise on future growth.
A premium development opportunity with approved plans, substantial landholding and an unbeatable lifestyle location - 14 Mereweather Avenue is a project ready to make an impact.
The information provided in this advertisement is for general guidance only and does not constitute any representation by the vendor or agent. While every effort has been made to ensure accuracy, no warranty is given and interested parties must rely on their own enquiries. All measurements, descriptions, photos, floor plans and site plans are approximate and for representational purposes only. The property may be withdrawn or its details changed at any time without notice. Prospective purchasers are advised to conduct their own due diligence and refer to the Consumer Affairs Victoria Due Diligence Checklist prior to making any purchase decision.
https://www.consumer.vic.gov.au/housing/buying-and-selling-property/checklists/due-diligence
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Property Details for 14 Mereweather Ave, Frankston

14 Mereweather Ave, Frankston is a 2 bedroom, 1 bathroom House with 5 parking spaces. The property has a land size of 805m2. The place is currently for sale with Ray White Cranbourne.

Building Type
House
Land Size
805m2
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About Frankston 3199

The size of Frankston is approximately 19.8 square kilometres. There are 72 parks, covering nearly 21.2% of the 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 21,674 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 140 properties listed for sale, and 69 properties listed for rent in Frankston on OnTheHouse. According to Cotality's data, 1155 properties were sold in the past 12 months in Frankston.

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Metin Aziret
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Ray White Cranbourne
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© Copyright 2026. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

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