215 Cranbourne Road, Frankston, VIC 3199 | House for sale | OnTheHouse
FOR SALE
$740,000-$810,000

215 Cranbourne Road
Frankston VIC 3199

Bedrooms: 4
Bathrooms: 2
Car spaces: 4
Land area: 627m2
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First Time Offered in 65 Years - A Rare Frankston Opportunity

Offered to the market for the first time in 65 years, this original four-bedroom, two-bathroom residence presents a rare and compelling opportunity in a well-established Frankston location.
Set on a generous 627sqm (approx.) allotment, the home features a flexible and functional layout including two living zones, highlighted by a spacious upstairs rumpus with loft-style bedroom and its own bathroom - ideal as a retreat, studio or future master suite.
Downstairs, the home retains its original charm, with a timber kitchen, fireplace in the main lounge and well-defined living spaces that reflect the era in which it was built. While the home remains in largely original condition throughout, it offers an excellent foundation for those with vision to update, renovate or reimagine over time (STCA).
Additional features include a woodworking garage, tandem carport and ample off-street parking, further enhancing the practicality and future potential of the property.
Whether you're a buyer looking to create a home tailored to your own style, or an investor or developer recognising the long-term value of the land and location, this tightly held property represents an outstanding opportunity in a suburb that continues to grow in demand.
A genuine home with history, character and significant upside - ready for its next chapter.
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Property Details for 215 Cranbourne Rd, Frankston

215 Cranbourne Rd, Frankston is a 4 bedroom, 2 bathroom House with 4 parking spaces. The property has a land size of 627m2. The place is currently for sale with Eview Group - Eview Group.

Building Type
House
Land Size
627m2
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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 37.92% increase in median value, while Units have seen a 37.00% increase. As at 31 January 2026:

  • The median value for Houses in Frankston is $874,464 while the median value for Units is $593,610.
  • Houses have a median rent of $580 while Units have a median rent of $490.
There are currently 100 properties listed for sale, and 63 properties listed for rent in Frankston on OnTheHouse. According to Cotality's data, 1169 properties were sold in the past 12 months in Frankston.

Suburb Insights for Frankston 3199

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George Findikakis
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Eview Group - Eview Group
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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.