4, 4A & 5 Douglas Grove, Frankston, VIC 3199 | Land for sale | OnTheHouse
 
FOR SALE
$880,000

4, 4a & 5 Douglas Grove
Frankston VIC 3199

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 3302m2
Improve this data
Inspection Times
No upcoming inspections scheduled.
Contact agent to arrange an inspection.
Share
Save

A Strategic Landmark Site Gateway to the Mornington Peninsula

Buy one or Buy them all!
Rarely does a landholding of this magnitude-a staggering 3,302m²-present itself to the market. This exceptionally flat, vacant allotment offers a massive strategic footprint in Frankston's most sought-after precinct. Demolition costs removed, this site allows you to move directly into the design and permit phase. With zoning that accommodates up to four-stories (STCA), this is a rare opportunity to secure an accelerated return on investment.
Frankston has evolved into a bustling suburban hub blending coastal lifestyle with essential metropolitan infrastructure. This property is positioned within the prestigious Frankston High School and Derinya Primary School Zones, driving immense demand for modern housing. Its proximity to Monash University, Chisholm TAFE and the Frankston health precinct, further cement its status as a high-yield location. Connectivity is seamless with a ten-minute walk to Frankston Station and immediate access to Peninsula Link and EastLink, placing the Melbourne CBD just 45 minutes away.
This blue-chip powerhouse is a genuine triple threat for the savvy investor. It serves as a premier candidate for high density residential projects, a secure land banking opportunity or various commercial uses (STCA). A rare scale of a suburban subdivision with the convenience of an established metropolitan lifestyle.
Residential Growth Zoning
Up to 13.5M Building Height (STCA)
3,302m² land
3 Individual Titles -
4 Douglas - 1263m2 - $1,400,000 - $1,500,000
4a Douglas - 1263m2 - $1,400,000 - $1,500,000
See MoreView Statement of Information

Property Details for 4, 4a & 5 Douglas Gr, Frankston, VIC 3199

Building Type
Land
Land Size
3302m2
Commute Calculator

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 21,675 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 137 properties listed for sale, and 68 properties listed for rent in Frankston on OnTheHouse. According to Cotality's data, 1160 properties were sold in the past 12 months in Frankston.

Frankston Profile Page

Suburb Insights for Frankston 3199

Visit Frankston profile page
Market Insights
Frankston Trends for Houses
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.
Median Value over 1 year
Frankston Trends for Units
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.
Median Value over 1 year
Neighbourhood Insights
Age
Household
Occupancy
No data to show
Visit Frankston profile page
Contact agent
agent headshot
Aarryn Cooper
Show contact details
Call agent
Ray White Carrum Downs
Preferred contact:
Privacy Policy
Cotality Copyright and Legal Disclaimers about Property Data

© Copyright 2026. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

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.

This product uses cookies and other similar technologies to improve and customise your browsing experience, to tailor content and adverts, and for analytics and metrics regarding visitor usage on this product and other media. We may share cookie and analytics information with third parties for the purposes of advertising. By continuing to use our website, you consent to cookies being used. View our Privacy Policy here.

X

GETTING STARTED