231 Cranbourne Road, Frankston, VIC 3199 | House for sale | OnTheHouse
 
FOR SALE
$855,000-$928,000 2 Living Areas or 5th Bedroom

231 Cranbourne Road
Frankston VIC 3199

Bedrooms: 4
Bathrooms: 2
Car spaces: 5
Land area: 570m2
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Ticks all the boxes

Perfect for families or savvy investors, this property offers a comfortable and convenient lifestyle at an attractive price point. Positioned just 1km from Karingal Shopping Centre and within walking distance to local shops and hospitals, it presents a rare opportunity to secure a generous block in one of the peninsula’s fastest-growing suburbs.
Whether you're looking to move in, invest, or explore development options (STCA), this solid four-bedroom home is loaded with potential.
Key Features
4 bedrooms, 2 bathrooms
2 spacious living areas
Double carport plus additional front entrance for 3 more cars.
Step inside to discover a functional and inviting layout featuring four well-sized bedrooms—including a super-sized master with ensuite—a central bathroom, two living zones, and a practical kitchen and meals area. The home is immediately liveable or rentable, allowing you to generate income while planning future improvements or developments.
What truly sets this property apart is its generous block size paired with an unbeatable location. Just moments from Peninsula Link, public transport, local amenities, and Frankston’s vibrant CBD, you’ll also enjoy close proximity to excellent schools, parks, and the stunning bay beaches.
For more information, contact Karen Day on 0490 242 303.
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Property Details for 231 Cranbourne Rd, Frankston

231 Cranbourne Rd, Frankston is a 4 bedroom, 2 bathroom House with 5 parking spaces. The property has a land size of 570m2. The place is currently for sale with Us Real Estate.

Building Type
House
Land Size
570m2
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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 38.00% increase in median value, while Units have seen a 33.85% increase. As at 31 December 2025:

  • The median value for Houses in Frankston is $863,752 while the median value for Units is $590,364.
  • Houses have a median rent of $575 while Units have a median rent of $490.
There are currently 103 properties listed for sale, and 57 properties listed for rent in Frankston on OnTheHouse. According to Cotality's data, 1154 properties were sold in the past 12 months in Frankston.

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