5 Pericoe Street, Frankston, VIC 3199 | House for sale | OnTheHouse
 
FOR SALE
$880,000 - $950,000

5 Pericoe Street
Frankston VIC 3199

Bedrooms: 3
Bathrooms: 1
Car spaces: 1
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The Brief: Elevation, endless potential and irreplaceable outlook

It's Addressed:
There are homes that occupy a block, and then there are homes that command a position. Located within the Frankston High School Zone and elevated above the surrounding streetscape with sweeping, uninterrupted views across Port Phillip Bay to the silhouette of Phillip Island beyond, 5 Pericoe Street delivers a lifestyle of rare elevation in every sense of the word. Whether watching container ships drift silently across the horizon at dusk or waking to a bay bathed in copper winter light, the outlook from this home is not a feature it is a daily, irreplaceable privilege.
Rich hardwood timber flooring anchors the generous open plan living and dining domain, which opens directly to a flagstone alfresco terrace where the bay view arrests you completely and the boundaries between inside and out cease to exist. The kitchen is appointed with stone benchtops, breakfast bar, gas cooking and dishwasher, refined, practical and visually crisp. Three well-proportioned bedrooms include a main with built-in robes, while the rear bedroom captures sweeping bay views that transform even the simplest moments into something extraordinary. The renovated bathroom delivers genuine indulgence with a freestanding spa bath, frameless glass shower plus an additional separate toilet.
Below, approximately 11 squares of garage, workshop and under house storage present extraordinary potential for self- contained accommodation, studio or additional living, a proposition of rare scope at this price point. Fifty metres from Wallace Bushland Reserve, 400 metres from Heatherhill Road cafés and Frankston Heights Primary, and firmly within the coveted Frankston High School zone.
For more Real Estate in Frankston, contact your Area Specialist.
Note: Every care has been taken to verify the accuracy of the details in this advertisement, however, we cannot guarantee its correctness. Prospective purchasers are requested to take such action as is necessary, to satisfy themselves with any pertinent matters.
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Property Details for 5 Pericoe St, Frankston

5 Pericoe St, Frankston is a 3 bedroom, 1 bathroom House with 1 parking spaces. The place is currently for sale with AREA SPECIALIST KEYSBOROUGH.

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House
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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 21,674 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 135 properties listed for sale, and 65 properties listed for rent in Frankston on OnTheHouse. According to Cotality's data, 1164 properties were sold in the past 12 months in Frankston.

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