19 Sheridan Avenue, Frankston, VIC 3199 | Land for sale | OnTheHouse
 
FOR SALE
$890,000

19 Sheridan Avenue
Frankston VIC 3199

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 678m2
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High-Density Development Opportunity in Prime Frankston Location.

An outstanding opportunity awaits for developers and investors at 19 Sheridan Avenue, Frankston, offering a substantial 678m² (approx.) allotment positioned within the highly sought-after Residential Growth Zone – Schedule 1 (RGZ1).
This premium parcel presents strong potential for high-density development, with scope for up to five townhouses (subject to council approval). The RGZ1 zoning supports medium to higher density residential outcomes, making this site ideal for those looking to capitalise on Frankston's ongoing growth and increasing demand for contemporary, low-maintenance housing.
Located in a well-established and rapidly evolving pocket of Frankston, the property enjoys close proximity to schools, local shopping, public transport, Frankston CBD and the foreshore, adding both lifestyle appeal and long-term investment confidence.
Opportunities of this nature in a growth-focused zoning are increasingly rare. This is a compelling proposition for developers and investors seeking scale, flexibility and future upside.
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Property Details for 19 Sheridan Ave, Frankston

Building Type
Land
Land Size
678m2
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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 21,673 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 139 properties listed for sale, and 71 properties listed for rent in Frankston on OnTheHouse. According to Cotality's data, 1152 properties were sold in the past 12 months in Frankston.

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Andrew Milne
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