245 Heatherhill RoadFrankston VIC 3199
Property Details for 245 Heatherhill Rd, Frankston
Last Listing description (February 2026)
This vacant, slightly elevated 651m² parcel of land in the prestigious Lakewood Estate presents a rare opportunity to build your dream home. Surrounded by substantial homes, this level block offers the perfect foundation for creating a custom-designed residence tailored to your personal needs (STCA).
With a flat building area and a slightly elevated position, this block may offer lovely views across the treetops and the surrounding neighbourhood, especially if you opt for a two-storey design. It's an ideal spot for those looking to build a modern home in a central and family-friendly location.
Conveniently situated, you'll be just minutes away from Kingsley Park Primary School and Mt Erin Secondary College, making it a fantastic choice for families. For outdoor activities, Witternberg Reserve and its updated playground are just a short stroll away, offering a perfect space for kids to play and for enjoying nature.
https://www.obrienrealestate.com.au/office/obrien-real-estate-frankston/22161
Property History for 245 Heatherhill Rd, Frankston, VIC 3199
- 09 Feb 2026Sold for $640,000
- 14 Oct 2025Listed for Sale $640,000
- 25 Nov 2024Listed for Sale $670,000
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0About 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.
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