28 & 30 Cricklewood Avenue, Frankston, VIC 3199 | House for sale | OnTheHouse
 
FOR SALE
8 Townhouse Permit + HCTZ2 Zoning Uplift

28 & 30 Cricklewood Avenue
Frankston VIC 3199

Bedrooms: 8
Bathrooms: 2
Car spaces: 2
Floor area: 300m2
Land area: 1925m2
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Major Residential Development Opportunity - Frankston

A rare opportunity to acquire a substantial double-block landholding in a well-established and evolving Frankston residential pocket.
28-30 Cricklewood Avenue comprises two adjoining allotments with a combined land area of 1,925 m², offered together as a single development opportunity. The flat, rectangular site with consolidated frontage supports efficient access, circulation and built-form outcomes.
The property benefits from approved plans and permits for a townhouse development, providing immediate development certainty. In addition, recent rezoning to Housing Choice and Transport Zone - Schedule 2 (HCTZ2) introduces further upside, with planning controls supporting increased residential density and flexible built-form outcomes (STCA).
Surrounded by established medium-density development and positioned close to transport, education, retail and lifestyle amenities, this is a compelling opportunity for developers seeking approval certainty with longer-term yield flexibility.
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Disclaimer: The information contained herein has been supplied to us and is to be used as a guide only. No information in this report is to be relied on for financial or legal purposes. Although every care has been taken in the preparation of the above information, we stress that particulars herein are for information only and do not constitute representation by the Owners or Agent.
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Property Details for 28 & 30 Cricklewood Ave, Frankston

28 & 30 Cricklewood Ave, Frankston is a 8 bedroom, 2 bathroom House with 2 parking spaces. The property has a land size of 1925m2 and floor size of 300m2. The place is currently for sale with Ray White Glen Waverley.

Building Type
House
Floor Size
300m2
Land Size
1925m2
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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 21,847 properties. Over the last 5 years, Houses in Frankston have seen a 11.22% increase in median value, while Units have seen a 16.96% increase. As at 31 July 2026:

  • The median value for Houses in Frankston is $829,312 while the median value for Units is $572,690.
  • Houses have a median rent of $599 while Units have a median rent of $500.
There are currently 133 properties listed for sale, and 78 properties listed for rent in Frankston on OnTheHouse. According to Cotality's data, 1050 properties were sold in the past 12 months in Frankston.

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Jason Bertram
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Ray White Glen Waverley
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