161 Gould Street, Frankston, VIC 3199 | House for sale | OnTheHouse
 
FOR SALE
$1,450,000 - $1,595,000

161 Gould Street
Frankston VIC 3199

Bedrooms: 5
Bathrooms: 2
Car spaces: 2
Land area: 426m2
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Auction Time
Sat 6 Dec 1:00 pm
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No upcoming inspections scheduled.
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AUCTION | This Saturday 06/12 @ 01:00PM!

Long Island Dual-Residence Retreat with Jetty Access
Positioned between the golden sands of Long Island Beach and the tranquil waters of Kananook Creek, this rare waterfront property on approx. 425sqm delivers a flexible dual-living layout ideal for investors, extended families, or holiday-makers seeking a high-yield income stream in a prized Frankston location.
At the front, the beautifully renovated main residence features an expansive open plan living, dining and kitchen zone, enhanced by timber-look floors, LED downlights, split system heating/cooling, and potential to reinstate the original open fireplace. The modern kitchen is well-appointed with a Foster gas cooktop, Whirlpool oven, Bellini dishwasher, breakfast bar and pendant lighting.
Three spacious bedrooms are carpeted with built-in robes, serviced by a sleek central bathroom with integrated laundry and a generous storage room. A loft ladder leads to additional ceiling storage, offering excellent practicality. Additionally the property features a 10kW Solar System.
At the rear, a separate self-contained cottage residence boasts a light-filled living and dining space, kitchenette with fridge, a large master bedroom plus a second bedroom with ensuite, and under-house storage. Styled with beachy charm, this space is ideal for dual occupancy, guests, or short-stay accommodation.
Outdoors, a large deck and landscaped garden flow down to the private jetty and boat house, offering direct access to Kananook Creek. The property also includes a double remote carport, pergola, and side access. All this within a short walk to Frankston's vibrant restaurants, cafés, cinemas, train station, Long Island beach, Frankston Pier, and the scenic boardwalk along the waterfront.
Should you require any further information, please do not hesitate to contact Ashley Weston on 0439 101 677 anytime.
Please note Photo ID is required for all inspections.
All information about the property has been provided to Ray White by third parties. Ray White has not verified the information and does not warrant its accuracy or completeness. Parties should make and rely on their own enquiries in relation to the property.
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Property Details for 161 Gould St, Frankston

161 Gould St, Frankston is a 5 bedroom, 2 bathroom House with 2 parking spaces. The property has a land size of 426m2. The place is currently for sale with Ray White Frankston.

Building Type
House
Land Size
426m2
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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 21,757 properties. Over the last 5 years, Houses in Frankston have seen a 37.16% increase in median value, while Units have seen a 34.89% increase. As at 31 October 2025:

  • The median value for Houses in Frankston is $841,424 while the median value for Units is $575,559.
  • Houses have a median rent of $570 while Units have a median rent of $485.
There are currently 79 properties listed for sale, and 64 properties listed for rent in Frankston on OnTheHouse. According to Cotality's data, 1153 properties were sold in the past 12 months in Frankston.

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Ashley Weston
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Kristell Elson
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Ray White Frankston
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