55 Heatherhill Road, Frankston, VIC 3199 | House for sale | OnTheHouse
FOR SALE
$820,000 - $880,000

55 Heatherhill Road
Frankston VIC 3199

Bedrooms: 3
Bathrooms: 1
Car spaces: 4
Land area: 923m2
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LANDBANK | 923M2 IN THE FRANKSTON HIGH SCHOOL ZONE

Offered for sale for the first time, this substantial 923m² (approx.) property presents an increasingly rare opportunity to secure a versatile landholding within the highly sought-after Frankston High School Zone.
Future Potential (STCA):
A site feasibility review has already been undertaken, identifying multiple potential pathways for the property (STCA)
• Retaining the existing home and undertaking a rear development (STCA)
• Construction of an additional dwelling behind the existing residence (STCA)
• Redevelopment of the site (STCA)
• Rooming house or alternative high-yield accommodation opportunities (STCA)
• Renovation and extension of the existing home (STCA)
• Long-term landbanking in a rapidly evolving growth corridor
Confidence Through Due Diligence:
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Property Details for 55 Heatherhill Rd, Frankston

55 Heatherhill Rd, Frankston is a 3 bedroom, 1 bathroom House with 4 parking spaces. The property has a land size of 923m2. The place is currently for sale with Eview Group - Eview Group.

Building Type
House
Land Size
923m2
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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 21,695 properties. Over the last 5 years, Houses in Frankston have seen a 18.95% increase in median value, while Units have seen a 28.28% increase. As at 31 May 2026:

  • The median value for Houses in Frankston is $850,246 while the median value for Units is $594,484.
  • Houses have a median rent of $590 while Units have a median rent of $490.
There are currently 139 properties listed for sale, and 69 properties listed for rent in Frankston on OnTheHouse. According to Cotality's data, 1129 properties were sold in the past 12 months in Frankston.

Suburb Insights for Frankston 3199

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Leon Zuidema
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Eview Group - Eview Group
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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.